Acushnet Holdings Corp. reported its third‑quarter 2025 financial results, posting earnings per share of $0.81 versus a consensus estimate of $0.85—a miss of $0.04—while revenue reached $657.7 million, beating the roughly $633 million analysts expected.
Revenue grew 6.0% year‑over‑year, driven by Titleist golf equipment, especially golf balls and the new T‑Series irons, and by higher average selling prices across all product categories. Segment‑level growth included Golf Gear up 14.2%, Golf Balls 6.2%, Golf Clubs 5.3%, and FootJoy Golf Wear 4.0%.
Gross margin contracted 50 basis points to 48.5% because of higher tariff costs, while SG&A expenses rose from investments in advertising, fitting network expansion, and IT systems. Adjusted EBITDA margin improved to 18.0% from 17.3% year‑over‑year, reflecting better operating leverage and cost discipline.
The EPS miss was largely due to increased income‑tax expenses and margin compression; the company’s net income fell even as revenue beat expectations, underscoring the impact of higher costs on profitability.
Acushnet maintained its full‑year revenue guidance of $2.52 billion to $2.54 billion and adjusted EBITDA guidance of $405 million to $415 million, signaling confidence in continued demand and effective cost management.
CEO David Maher highlighted strong demand for Titleist golf balls and the successful launch of the T‑Series irons, noting that the golf market remains vibrant and the core consumer base is healthy.
Analysts noted the revenue beat and maintained guidance as positive drivers, while the EPS miss was a concern; overall sentiment remained supportive.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.