Q4 2024 Acushnet Holdings Corp Earnings Call Transcript

Feb 27, 2025 / 01:30 PM GMT

Release Date Price: $64.88 (-1.92%)

Transcript 10-K8-K

Key Points

Positve

Acushnet Holdings Corp (GOLF) reported a strong 8% increase in fourth-quarter sales, driven by robust golf equipment sales and double-digit gains in gear.
The company achieved a 4% constant currency gain in full-year sales, reaching $2.46 billion, with adjusted EBITA increasing by 7.5% to $404 million.
Titleist golf equipment saw a 7% increase in net sales for the year, with strong performance in both golf balls and clubs.
The company announced a 9% increase in its quarterly dividend payout for 2025, marking the eighth consecutive annual increase.
Acushnet Holdings Corp (GOLF) is investing in strategic initiatives, including expanding its global fitting network and digital commerce presence, to support future growth.

Negative

FJ sales declined by 2% for the year, with gains in the US offset by declines in international markets.
The company faces macroeconomic challenges in key regions outside the US, impacting growth prospects.
Foreign currency headwinds are expected to negatively impact net sales by approximately $35 million in 2025.
The company did not include potential impacts from new tariffs or retaliatory actions in its 2025 guidance, creating uncertainty.
The golf footwear market has been correcting, with global sell-through down significantly, impacting the FootJoy segment.

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

GOLF.N - Acushnet Holdings Corp
Q4 2024 Acushnet Holdings Corp Earnings Call
Feb 27, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone and thank you for joining us for today's Kushnet Company 4Q 24 earnings call. My name is Drew and I'll be the operator today.

During today's call, after the prepared remarks, we will have a Q&A session. If you would like to ask a question, please press star followed by 1 on your telephone keypad, and if you wish to withdraw your question, then it is followed by 2.

It's now my pleasure to hand over to Sandra Lennon, Vice President of FPNA and Investor relations. Please go ahead.

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Unidentified_2 [2]
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