Overview

* Acushnet Q3 net sales rise 6% to $657.7 mln, beating analyst expectations

* Net income for Q3 falls 13.7% to $48.5 mln

* Adjusted EBITDA for Q3 increases 10.4% to $118.6 mln

Outlook

* Company updates full-year 2025 revenue guidance to $2,520 to $2,540 mln

* Company expects full-year 2025 adjusted EBITDA of $405 to $415 mln

* Acushnet anticipates constant currency sales growth of 2.6% to 3.4% for 2025

Result Drivers

* TITLEIST GROWTH - Higher average selling prices and sales volumes in Titleist golf equipment, especially golf balls and T-Series irons, drove Q3 sales

* GOLF GEAR SALES - Increased average selling prices across all product categories contributed to growth in Golf gear sales

* FOOTJOY PERFORMANCE - Growth in FootJoy golf wear sales due to higher average selling prices, despite lower footwear volumes

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $657.70 $633 mln

mln (6

Analysts

)

Q3 Net $48.50

Income mln

Q3 $118.60

Adjusted mln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the recreational products peer group is "buy."

* Wall Street's median 12-month price target for Acushnet Holdings Corp ( GOLF ) is $80.00, about 5.9% above its November 4 closing price of $75.29

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)