GOLF

EX-99.1

2 ex991-q32026.htm

EX-99.1

Document

Exhibit 99.1

Acushnet Holdings Corp. Announces

Third Quarter and Year-to-Date 2026 Financial Results

Third Quarter and Year-to-Date 2026 Financial Results

•Third quarter net sales of $649.2 million, down 1.3% year over year, down 0.6% in constant currency

•Year-to-date net sales of $2,222.2 million, up 6.8% year over year, up 6.3% in constant currency

•Third quarter net income attributable to Acushnet Holdings Corp. of $49.2 million, up 1.4% year over year

•Year-to-date net income attributable to Acushnet Holdings Corp. of $255.4 million, up 14.3% year over year

•Third quarter Adjusted EBITDA of $114.7 million, down 3.3% year over year

•Year-to-date Adjusted EBITDA of $467.8 million, up 16.8% year over year

FAIRHAVEN, MA – November 4, 2026 – Acushnet Holdings Corp. (NYSE: GOLF) ("Acushnet" or the "Company"), the global leader in the design, development, manufacture and distribution of performance-driven golf products, today reported financial results for the three and nine months ended September 30, 2026.

“Continued growth from golf balls contributed to Acushnet’s performance in the third quarter, with net sales down 1% following the accelerated second quarter timing of our GTS metals launch. Year-to-date net sales and adjusted EBITDA are up more than 6% and 16%, respectively, driven by the continued strength of Titleist golf equipment, including healthy demand for golf balls and golf clubs, and year-on-year growth in Golf gear,” said David Maher, Acushnet’s President and Chief Executive Officer.

Mr. Maher continued, "Looking ahead, we are reaffirming our full-year revenue outlook and narrowing our Adjusted EBITDA outlook toward the high end of the range. This outlook and our year-to-date performance reflect the strength of our business and the health of the golf industry, while reinforcing our commitment to providing dedicated golfers with innovative products and value-added services to help them play their best. I would like to thank the entire Acushnet team for their dedication and commitment to excellence as we aspire to create long-term value for our shareholders.”

1

Summary of Third Quarter 2026 Financial Results

Three months ended September 30,Increase/(Decrease)Constant Currency Increase/(Decrease)

(in millions)20262025$ change% change$ change% change

Net sales$649.2 $657.7 $(8.5)(1.3)%$(4.2)(0.6)%

Net income attributable to Acushnet Holdings Corp.$49.2 $48.5 $0.7 1.4 %

Adjusted EBITDA$114.7 $118.6 $(3.9)(3.3)%

Consolidated net sales for the quarter decreased 1.3%, or 0.6% on a constant currency basis, due to lower net sales in FootJoy golf wear and Golf gear, primarily related to lower sales volumes, partially offset by higher net sales in Titleist golf equipment, primarily due to higher sales volumes and average selling prices in golf balls.

On a geographic basis, lower net sales in the United States were largely driven by decreases in FootJoy golf wear of $7.5 million and Golf gear of $5.5 million, partially offset by an increase in Titleist golf equipment of $5.3 million. The decreases in FootJoy golf wear and Golf gear were primarily due to lower sales volumes across all product categories. The increase in Titleist golf equipment was primarily driven by higher sales volumes of our recently introduced GTS drivers and fairways, as well as higher average selling prices of our Pro V1 golf ball models, partially offset by lower sales volumes of our second model year T-Series irons.

Net sales in regions outside the United States decreased 1.2%, or increased 0.5% on a constant currency basis, due to net sales increases in EMEA and Japan, partially offset by decreases in Korea and Rest of World, on a constant currency basis. In EMEA, the increase was primarily driven by higher net sales of products that are not allocated to one of our three reportable segments and in Titleist golf equipment, mainly golf balls. In Japan, the increase, on a constant currency basis, was due to higher net sales across all reportable segments, partially offset by lower net sales of products that are not allocated to one of our three reportable segments. In Korea, the decrease was primarily due to lower net sales in FootJoy golf wear, mainly apparel. In Rest of World, the decrease was due to lower net sales across all reportable segments, offset in part by an increase in net sales of products that are not allocated to one of our three reportable segments.

Segment specifics:

•0.5% increase in net sales (1.2% on a constant currency basis) of Titleist golf equipment primarily driven by higher sales volumes of our recently introduced GTS drivers and fairways, as well as higher average selling prices and higher sales volumes of our Pro V1 golf ball models. These increases were partially offset by lower sales volumes of our second model year T-Series irons.

•7.5% decrease in

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