Acushnet Holdings Corp. · NYSE:GOLF
Acushnet — Q1 2026 Earnings Presentation
13 slides from Acushnet's earnings presentation, May 6, 2026
Slide 1: First Quarter 2026 Earnings Call
First Quarter 2026 Earnings Call May 6, 2026
Slide 2: Disclaimers
DISCLAIMERS FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements that reflect our current views with respect to, among other things, our 2026 outlook, our operations and our financial performance. These forward-looking statements are included throughout this presentation
Slide 3: Q1 2026 Performance
Q1 2026 Performance David Maher President and Chief Executive Officer
Slide 4: Q1 Overview and Net Sales by Segment
Q1 OVERVIEW AND NET SALES BY SEGMENT Growth Growth ($ in millions) Q1 2026 Y/Y Y/Y @ CC Net sales $753.0 7.1% 4.8% Adjusted EBITDA(1) $144.6 4.1% Segment net sales Golf Balls $234.5 9.9% 8.2% Golf Clubs $224.0 7.8% 5.9% Titleist Golf Equipment $458.5 8.9% 7.1% FootJoy Golf Wear $181.5 1.7% (1.3)% Go
Slide 5: Q1 Net Sales by Region
Q1 NET SALES BY REGION Growth Growth ($ in millions) Q1 2026 Y/Y Y/Y @ CC United States $445.2 5.0% 5.0% EMEA $124.4 19.7% 8.0% Japan $36.4 3.4% 6.0% Korea $61.2 (7.6)% (6.9)% Rest of World $85.8 16.1% 9.2% 5
Slide 6: Outlook
OUTLOOK • Healthy participation trends and overall health of the golf industry • Product Highlights • Pro V1x Left Dash, AVX, Tour Soft and Velocity golf balls • Vokey SM11 wedges and Scotty Cameron Phantom putters • FootJoy Pro/SL and Premiere golf shoes • Players golf bags • GTS metals launching i
Slide 7: Q1 2026 Financial Results
Q1 2026 Financial Results Sean Sullivan Chief Financial Officer
Slide 8: Income Statement Highlights
INCOME STATEMENT HIGHLIGHTS ($ in millions) Q1 2026 Q1 2025 Net sales $753.0 $703.4 Gross profit $355.3 $337.2 GM% 47.2% 47.9% SG&A $213.7 $200.3 R&D $19.2 $18.9 Intangible amortization $2.2 $3.5 Income from operations $120.1 $114.5 Interest expense, net $13.1 $13.8 Other expense (income), net $1.8
Slide 9: Balance Sheet and Capital Allocation
BALANCE SHEET AND CAPITAL ALLOCATION ($ in millions) As of 3/31/2026 As of 12/31/2025 Unrestricted Cash $50 $49 Total Debt Outstanding $1,151 $943 (1) Net Leverage Ratio 2.3x 2.2x Inventory $577 $609 (1) Ratio of average adjusted net funded debt for the prior four fiscal quarters to Adjusted EBITDA
Slide 10: 2026 Financial Outlook
2026 FINANCIAL OUTLOOK ($ in millions) 2026 Outlook (1) $2,625 - $2,675 Net Sales Up ~3.6% at the mid-point Increase by ~2.5% to 4.5% Net Sales @ CC Up ~3.5% at the mid-point $415 - $435 Adjusted EBITDA Up ~3.6% at the mid-point (1) Change as compared to 2025 10
Slide 11: Q&A
Q&A
Slide 12: Appendix
APPENDIX CLUBGLOVE TPI
Slide 13: Adjusted EBITDA
ADJUSTED EBITDA ($ in millions) Q1 2026 Q1 2025 Net income attributable to Acushnet Holdings Corp. $81.4 $99.4 Interest expense, net 13.1 13.8 Income tax expense 24.1 21.6 Depreciation and amortization 12.9 14.3 Share-based compensation 8.6 6.9 Transformation costs (1) 3.1 3.2 Other (2) 1.7 (19.9) N