Q2 2026 Acushnet Holdings Corp Earnings Call Transcript

Aug 6, 2026 / 12:30 PM GMT

Release Date Price: €80.5 (-9.55%)

Transcript 8-K

Key Points

Positve

Strong Q2 2026 results with net sales up 14% and adjusted EBITDA up 46%, driven by robust demand in Titleist golf equipment.
Successful early launch of GTS metals line, shifting sales into Q2 and contributing to a 43% increase in golf club sales for the quarter.
Continued momentum in golf balls with Pro V1 growth, supported by 22 PGA Tour wins, far ahead of competitors.
Healthy industry fundamentals with rounds of play up low single-digits, including growth in the US, Japan, and Korea.
Improved FootJoy operating margin by 100-170 basis points, driven by a favorable premium product mix shift.
Strong balance sheet with net leverage below 2x, and increased full-year guidance for sales and adjusted EBITDA.
Receipt of $38 million in tariff refunds, boosting cash flow and enabling continued investment in capacity and shareholder returns.

Negative

Second half net sales expected to decline low single-digits due to the timing shift of GTS launch into Q2, creating challenging comparisons.
Ongoing softness in wearables, particularly in Asia (Japan and Korea), impacting overall segment growth.
Higher tariff expenses of approximately $54 million in 2026, partially offset by refunds but still a headwind.
Increased product and freight costs, including synthetic rubber and tungsten, are expected to offset some tariff benefits.
First half gross margin declined 50 basis points excluding tariff refunds, reflecting cost pressures.
SG&A expenses increased due to investments in fitting network, IT systems, and higher incentive compensation, pressuring margins.
Uncertainty in material costs and freight rates persists, with potential volatility in the second half.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GOLF.N - Acushnet Holdings Corp
Q2 2026 Acushnet Holdings Corp Earnings Call
Aug 06, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone.

Thank you for joining us and welcome to the Aushnet Company 2Q26 earnings call.

After today's prepared remarks, we will host a question-and-answer session.

If you would like to ask a question, please press 1 to raise your hand.

To withdraw your question, press star 1 again.

I will now hand the conference over to Cameron Volmu, director of investor relations.

Please go ahead.

Good morning, everyone, thank you for joining us today for Cushioned Holding Corps second quarter 2026 earnings conference call.

Joining me this morning are David Marr, our President and Chief Executive Officer, and Sean Sullivan, our Chief Financial Officer, before

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