Acushnet Holdings Corp. (GOLF)

Acushnet released its third-quarter 2025 financial results on November 5, 2025, and announced the pricing of senior notes on November 12, 2025. The company published its full-year and fourth-quarter 2025 financial results on February 26, 2026. KeyBanc downgraded Acushnet from "Overweight" to "Sector Weight" in January 2026, citing a "rich valuation". The stock has increased by 54.89% over the past year and has been trading near its 52-week high. Acushnet increased its quarterly dividend by 8.5% to $0.255 per share for 2026 and repurchased approximately 3.1 million shares totaling $212 million in 2025.

Demand for Acushnet's products exhibits seasonality, with a traditional "seasonal earnings slump" typically observed in the fourth quarter. Recent retail data for Q4 2025 indicated robust underlying business, with U.S. golf equipment retail sales rising 7.0% year-over-year. The company projects net sales growth for full-year 2026, suggesting confidence in sustained demand.

Acushnet Holdings Corp. specializes in the design, development, manufacture, and distribution of performance-driven golf products. The company operates in the sporting and athletic goods sector, specifically in the sports equipment and consumer durables industries. Acushnet aims to be the performance and quality leader across all golf product categories. Its product portfolio includes Titleist golf balls, clubs, wedges, putters, and gear; FootJoy golf shoes, gloves, and apparel; KJUS technical performance wear; and other brands like Club Glove, Links & Kings, and PG Golf.

Acushnet has a significant global presence, distributing its products in over 100 countries. The largest portion of its revenue is generated in the United States, followed by Europe, the Middle East and Africa (EMEA), Japan, Korea, and the rest of the world.

Acushnet has a strong brand reputation as a global leader in performance-driven golf products known for their quality. Titleist golf balls have been the #1 ball in professional golf for over 70 years, and FootJoy has been the leading golf shoe on the PGA TOUR for over 65 years and the leader in the golf glove market for three decades. The company's commitment to product performance, innovation, quality, and service supports its reputation.

Magnus Holdings Co. Ltd., a subsidiary of Fila Holdings Corp., is the majority owner, holding approximately 50.42% to 52.1% of Acushnet's outstanding common stock. Major institutional shareholders include Kayne Anderson Rudnick Investment Management Llc, BlackRock, Inc., Vanguard Group Inc, Dimensional Fund Advisors Lp, Capital Research Global Investors, Morgan Stanley, State Street Corp, Raymond James Financial Inc, Principal Financial Group Inc and Wells Fargo & Company/mn.