Acushnet Holdings Corp. · NYSE:GOLF
Acushnet — Q2 2026 Earnings Presentation
13 slides from Acushnet's earnings presentation, Aug 6, 2026
Slide 1: Second Quarter 2026 Earnings Call
Second Quarter 2026 Earnings Call August 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: Q2 and H1 2026 Performance
Q2 and H1 2026 Performance David Maher President and Chief Executive Officer
Slide 4: Q2 and H1 Overview and Net Sales by Segment
Q2 AND H1 OVERVIEW AND NET SALES BY SEGMENT Growth Growth Growth Growth ($ in millions) Q2 2026 Y/Y Y/Y @ CC H1 2026 Y/Y Y/Y @ CC Net sales $820.0 13.8% 14.2% $1,572.9 10.5% 9.5% Adjusted EBITDA(1) $208.6 45.8% $353.1 25.2% Segment net sales Golf Balls $273.9 4.5% 4.5% $508.4 6.9% 6.1% Golf Clubs $2
Slide 5: Q2 and H1 Net Sales by Region
Q2 AND H1 NET SALES BY REGION Growth Growth Growth Growth ($ in millions) Q2 2026 H1 2026 Y/Y Y/Y @ CC Y/Y Y/Y @ CC United States $498.4 14.7% 14.7% $943.6 9.9% 9.9% EMEA $114.3 15.9% 12.3% $238.7 17.9% 10.1% Japan $35.9 18.9% 31.1% $72.3 10.6% 17.6% Korea $80.0 (0.1)% 6.7% $141.2 (3.5)% 0.5% Rest o
Slide 6: Outlook
OUTLOOK • Growing participation trends and healthy golf industry fundamentals • GTS metals successfully launched in Q2, accelerated from customary Q3 launch date • Tariff refunds collected in the second quarter, favorably impacting financial results • Continuing to invest for long-term growth across
Slide 7: Q2 and 1H 2026 Financial Results
Q2 and 1H 2026 Financial Results Sean Sullivan Chief Financial Officer
Slide 8: Income Statement Highlights
INCOME STATEMENT HIGHLIGHTS ($ in millions) Q2 2026 Q2 2025 H1 2026 H1 2025 Net sales $820.0 $720.5 $1,572.9 $1,423.8 Gross profit $445.8 $354.3 $801.1 $691.5 GM% 54.4% 49.2% 50.9% 48.6% SG&A $246.2 $222.0 $459.9 $422.3 R&D $20.8 $18.9 $40.0 $37.8 Intangible amortization $2.2 $3.5 $4.5 $7.0 Income f
Slide 9: Balance Sheet and Capital Allocation
BALANCE SHEET AND CAPITAL ALLOCATION ($ in millions) As of 6/30/2026 As of 12/31/2025 Unrestricted Cash $67 $49 Total Debt Outstanding $960 $943 (1) Net Leverage Ratio 2.0x 2.2x Inventory $532 $609 (1) Ratio of average adjusted net funded debt for the prior four fiscal quarters to Adjusted EBITDA fo
Slide 10: 2026 Financial Outlook
2026 FINANCIAL OUTLOOK ($ in millions) 2026 Outlook (1) $2,650 - $2,675 Net Sales Up ~4.1% at the mid-point Increase by ~3.4% to 4.3% Net Sales @ CC Up ~3.9% at the mid-point (2) $450 - $470 Adjusted EBITDA Up ~12.3% at the mid-point (1) Change as compared to 2025 (2) Includes approximately $30 mill
Slide 11: Q&A
Q&A
Slide 12: Appendix
APPENDIX CLUBGLOVE TPI
Slide 13: Adjusted EBITDA
ADJUSTED EBITDA ($ in millions) Q2 2026 Q2 2025 H1 2026 H1 2025 Net income attributable to Acushnet Holdings Corp. $124.8 $75.6 $206.2 $174.9 Interest expense, net 12.3 15.2 25.4 29.0 Income tax expense 38.7 18.6 62.8 40.2 Depreciation and amortization 13.4 14.9 26.2 29.2 Share-based compensation 10