Q2 2025 Acushnet Holdings Corp Earnings Call Transcript
Key Points
- Acushnet Holdings Corp (GOLF) reported a 5% increase in worldwide net sales for Q2 2025, driven by strong performance in golf equipment and gear segments.
- The company experienced a 9% year-over-year increase in adjusted EBITDA, reflecting effective cost management and operational efficiency.
- Titleist golf equipment sales were up in all regions, with a notable 10% increase in equipment revenues compared to the first half of 2023.
- The golf gear segment saw a 7% sales increase in Q2, with strong growth in core categories like bags, gloves, and headwear.
- Acushnet Holdings Corp (GOLF) successfully launched new products, such as the T-series irons, which have received positive initial responses, meeting high expectations.
- Adjusted EBITDA for the first half of 2025 decreased by 1%, in line with expectations due to investments in innovation and technology.
- FootJoy business experienced a decline, with sales down 2% in Q2 and 4% in the first half, as the company shifts towards premium performance footwear.
- Revenues in Japan and Korea decreased by 4% and 3.5%, respectively, due to softer markets for apparel, footwear, and gear.
- The company faced approximately $5 million in costs related to recently implemented tariff policies, impacting gross profit.
- Acushnet Holdings Corp (GOLF) anticipates an estimated $30 million impact from tariffs in the second half of 2025, with efforts to mitigate only about 50% of this impact.
Welcome to the Acushnet Holdings Q2 2025 earnings call.
(Operator Instructions)
I'll now hand you over your host, Sondra Lennon, Vice President, FPNA and Investor Relations to begin. Please go ahead.
Good morning everyone.
Thank you for joining us today for Acushnet Holding Corps second quarter 2025 earnings conference call. Joining me this morning are David Maher, our President and Chief Executive Officer, and Sean Sullivan, our Chief Financial Officer.
Before turning the call over to David, I would like to remind everyone that we will be making forward-looking statements on the call today. These forward-looking statements are based on Acushnet's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations. For a list of factors that could cause actual results to differ, please see today's press release, the slides that accompany our presentation, and our
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