Acushnet Holdings Corp. · NYSE:GOLF
Acushnet — Q3 2026 Earnings Presentation
13 slides from Acushnet's earnings presentation, Nov 4, 2026
Slide 1: Third Quarter 2026 Earnings Call
Third Quarter 2026 Earnings Call November 4, 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: Q3 and YTD 2026 Performance
Q3 and YTD 2026 Performance David Maher President and Chief Executive Officer
Slide 4: Q3 and YTD Overview and Net Sales by Segment
Q3 AND YTD OVERVIEW AND NET SALES BY SEGMENT Growth Growth Growth Growth ($ in millions) Q3 2026 Y/Y Y/Y @ CC YTD 2026 Y/Y Y/Y @ CC Net sales $649.2 (1.3)% (0.6)% $2,222.2 6.8% 6.3% Adjusted EBITDA(1) $114.7 (3.3)% $467.8 16.8% Segment net sales Golf Balls $209.1 3.3% 4.0% $717.5 5.8% 5.5% Golf Club
Slide 5: Q3 and YTD Net Sales by Region
Q3 AND YTD NET SALES BY REGION Growth Growth Growth Growth ($ in millions) Q3 2026 YTD 2026 Y/Y Y/Y @ CC Y/Y Y/Y @ CC United States $391.6 (1.4)% (1.4)% $1,335.1 6.3% 6.3% EMEA $94.7 4.0% 4.5% $333.4 13.6% 8.3% Japan $34.1 (7.6)% 0.5% $106.4 4.0% 11.4% Korea $64.1 (5.3)% (2.5)% $205.2 (4.1)% (0.4)%
Slide 6: Outlook
OUTLOOK • Golf industry structurally healthy with strong participation • Acushnet’s core consumer, the dedicated golfer, remains resilient • Continued strength in Titleist equipment segment fueled by Pro V1 and new GTS metals • Preparation for Pro V1 launch in early 2027 • Strong balance sheet and c
Slide 7: Q3 and YTD 2026 Financial Results
Q3 and YTD 2026 Financial Results Sean Sullivan Chief Financial Officer
Slide 8: Income Statement Highlights
INCOME STATEMENT HIGHLIGHTS ($ in millions) Q3 2026 Q3 2025 YTD 2026 YTD 2025 Net sales $649.2 $657.7 $2,222.2 $2,081.5 Gross profit $322.0 $319.1 $1,123.1 $1,010.6 GM% 49.6% 48.5% 50.5% 48.6% SG&A $217.3 $204.9 $677.2 $627.2 R&D $19.4 $18.6 $59.4 $56.4 Intangible amortization $4.9 $2.7 $9.4 $9.7 In
Slide 9: Balance Sheet and Capital Allocation
BALANCE SHEET AND CAPITAL ALLOCATION ($ in millions) As of 9/30/2026 As of 12/31/2025 Unrestricted Cash $107 $49 Total Debt Outstanding $877 $943 (1) Net Leverage Ratio 1.9x 2.2x Inventory $572 $609 (1) Ratio of average adjusted net funded debt for the prior four fiscal quarters to Adjusted EBITDA f
Slide 10: 2026 Financial Outlook
2026 FINANCIAL OUTLOOK ($ in millions) 2026 Outlook (1) $2,650 - $2,675 Net Sales Up ~4.1% at the mid-point Increase by ~3.3% to 4.2% Net Sales @ CC Up ~3.8% at the mid-point (2) $455 - $470 Adjusted EBITDA Up ~12.7% 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) Q3 2026 Q3 2025 YTD 2026 YTD 2025 Net income attributable to Acushnet Holdings Corp. $49.2 $48.5 $255.4 $223.4 Interest expense, net 11.8 14.5 37.2 43.5 Income tax expense 17.2 28.6 80.0 68.8 Depreciation and amortization 15.9 13.0 42.1 42.2 Share-based compensation 7