Acushnet Holdings Corp.
Business
Acushnet Holdings Corp. is the global leader in designing, developing, manufacturing and distributing performance-driven golf products under the Titleist and FootJoy brands. The company offers golf balls, clubs, wedges, putters, golf shoes, gloves, apparel and gear targeted at dedicated golfers worldwide. Operations are organized into three reportable segments: Titleist golf equipment, FootJoy golf wear, and Golf gear, distributed through premium golf shops, specialty retailers and direct-to-consumer eCommerce channels globally.
Summary from 10-K filed 2026-02-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 2,559 | 2,457 | 2,382 | 2,270 | 2,148 | |
| Cost of goods sold | 1,337 | 1,269 | 1,262 | 1,222 | 1,029 | |
| Gross profit | 1,221 | 1,188 | 1,120 | 1,049 | 1,118 | |
| Selling, general and administrative | 833 | 802 | 756 | 703 | 795 | |
| Research and development | 77 | 68 | 65 | 56 | 55 | |
| Intangible amortization | 12 | 14 | 14 | 8 | 8 | |
| Income from operations | 299 | 304 | 285 | 282 | 260 | |
| Interest expense, net (Note 19) | 58 | 53 | 41 | 13 | — | |
| Loss on debt extinguishment (Note 11) | 17 | 0 | 0 | — | — | |
| Other (income) expense, net (Note 19) | −15 | 2 | 2 | 9 | 4 | |
| Income before income taxes | 240 | 250 | 242 | 259 | 248 | |
| Income tax expense | 52 | 48 | 43 | 54 | 64 | |
| Net income | 187 | 202 | 199 | 205 | 184 | |
| Less: Net loss (income) attributable to noncontrolling interests | 1 | 12 | −178,000 | −6 | −5 | |
| Net income attributable to Acushnet Holdings Corp. | 189 | 214 | 198 | 199 | 179 | |
| Basic (in dollars per share) | 3.13 | 3.38 | 2.96 | 2.77 | 2.4 | |
| Diluted (in dollars per share) | 3.11 | 3.37 | 2.94 | 2.75 | 2.38 | |
| Basic (in shares) | 60 | 63 | 67 | 72 | 75 | |
| Diluted (in shares) | 61 | 64 | 68 | 73 | 75 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| "Cash, cash equivalents and restricted cash ($0 and $10,647 attributable to a variable interest entity (""VIE""))" | 50 | 53 | 65 | 59 | 282 | |
| Accounts receivable, net | 217 | 218 | 201 | 217 | 174 | |
| Inventories ($0 and $3,667 attributable to a VIE) | 609 | 576 | 616 | 675 | 413 | |
| Prepaid and other assets | 149 | 126 | 114 | — | — | |
| Total current assets | 1,025 | 974 | 997 | 1,059 | 969 | |
| Property, plant and equipment, net ($0 and $8,135 attributable to a VIE) | 357 | 326 | 295 | 254 | 232 | |
| Goodwill ($0 and $32,312 attributable to a VIE) | 224 | 220 | 225 | 225 | 210 | |
| Intangible assets, net | 511 | 523 | 537 | 526 | 465 | |
| Deferred income taxes | 21 | 34 | 31 | 48 | 61 | |
| Other assets ($0 and $1,884 attributable to a VIE) | 204 | 103 | 110 | 82 | 68 | |
| Total assets | 2,343 | 2,180 | 2,197 | 2,194 | 2,006 | |
| Short-term debt | 16 | 10 | 29 | 40 | 116,000 | |
| Current portion of long-term debt | 661,000 | 722,000 | 351,000 | 0 | 18 | |
| Accounts payable ($0 and $2,400 attributable to a VIE) | 157 | 150 | 151 | 167 | 164 | |
| Accrued taxes | 34 | 36 | 46 | 41 | 57 | |
| Accrued compensation and benefits ($0 and $643 attributable to a VIE) | 101 | 95 | 111 | 98 | 113 | |
| Accrued expenses and other liabilities ($0 and $13,893 attributable to a VIE) | 121 | 180 | 114 | 202 | 131 | |
| Total current liabilities | 430 | 473 | 451 | 549 | 483 | |
| Long-term debt | 926 | 753 | 672 | 528 | 297 | |
| Deferred income taxes | 8 | 8 | 7 | 6 | 5 | |
| Accrued pension and other postretirement benefits | 69 | 74 | 70 | 74 | 94 | |
| Other noncurrent liabilities | 125 | 75 | 84 | 54 | 43 | |
| Total liabilities | 1,557 | 1,383 | 1,284 | 1,210 | 922 | |
| Commitments and contingencies (Note 23) | — | — | — | — | — | |
| Redeemable noncontrolling interests | 2 | 4 | 10 | 7 | 3 | |
| Common stock, $0.001 par value, 500,000,000 shares authorized; 58,371,822 and 61,214,541 shares issued | 58,000 | 61,000 | 63,000 | 76,000 | 76,000 | |
| Additional paid-in capital | 764 | 788 | 809 | 961 | 948 | |
| Accumulated other comprehensive loss, net of tax | −122 | −140 | −104 | −110 | −100 | |
| Retained earnings | 142 | 180 | 160 | 473 | 325 | |
| Treasury stock, at cost; (including 935,907 of accrued share repurchases as of December 31, 2024) (Note 16) | 0 | −63 | 0 | −385 | −131 | |
| Total equity attributable to Acushnet Holdings Corp. | 784 | 765 | 864 | 939 | 1,043 | |
| Noncontrolling interests | 0 | 28 | 39 | 38 | 37 | |
| Total shareholders' equity | 784 | 793 | 903 | 977 | 1,080 | |
| Total liabilities, redeemable noncontrolling interests and shareholders' equity | 2,343 | 2,180 | 2,197 | 2,194 | 2,006 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 55 | 56 | 51 | 42 | 41 | |
| Unrealized foreign exchange (gain) loss | −3 | −3 | 2 | 14 | −168,000 | |
| Amortization of debt issuance costs | 2 | 2 | 927,000 | 2 | 2 | |
| Share-based compensation | 29 | 31 | 30 | 24 | 28 | |
| Loss on disposals of property, plant and equipment | 725,000 | 902,000 | 99,000 | −3 | 156,000 | |
| Gain on deconsolidation of VIE (Note 8) | −21 | 0 | 0 | — | — | |
| Loss from equity method investment (Note 8) | 1 | 0 | 0 | — | — | |
| Deferred income taxes | 14 | 915,000 | 15 | 9 | 12 | |
| Accounts receivable | 12 | −27 | 14 | −59 | 17 | |
| Inventories | −20 | 22 | 59 | −276 | −64 | |
| Accounts payable | −2 | 2 | −12 | 9 | 49 | |
| Accrued taxes | −5 | −8 | 6 | −11 | 20 | |
| Other assets and liabilities | −72 | −33 | 7 | −23 | 26 | |
| Cash flows provided by operating activities | 194 | 245 | 372 | −68 | 314 | |
| Additions to property, plant and equipment | −74 | −75 | −75 | −61 | −38 | |
| Additions to intangible assets (Note 9) | 0 | 0 | −25 | −65 | 0 | |
| Other, net | 0 | 0 | −887,000 | 5 | 0 | |
| Cash flows used in investing activities | −74 | −75 | −101 | −140 | −38 | |
| Proceeds from credit facilities (Note 11) | 1,781 | 1,243 | 1,528 | 977 | 0 | |
| Repayments of credit facilities (Note 11) | −1,752 | −1,179 | −1,739 | −414 | 0 | |
| Proceeds from senior unsecured notes (Note 11) | 500 | 0 | 350 | 0 | 0 | |
| Repayments of senior unsecured notes (Note 11) | −350 | 0 | 0 | — | — | |
| Payment of redemption premium (Note 11) | −13 | 0 | 0 | — | — | |
| Payment of debt issuance costs | −10 | 0 | −6 | −3 | 0 | |
| Purchases of common stock | −212 | −173 | −334 | −189 | −65 | |
| Dividends paid on common stock | −56 | −54 | −52 | −52 | −49 | |
| Payment of employee restricted stock tax withholdings | −12 | −17 | −11 | −11 | −4 | |
| Other, net | −2 | 0 | 1 | −4 | 0 | |
| Cash flows used in financing activities | −125 | −180 | −265 | −9 | −140 | |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | 2 | −3 | 915,000 | −6 | −6 | |
| Net (decrease) increase in cash, cash equivalents and restricted cash | −3 | −12 | 7 | −223 | 130 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Acushnet Holdings Corp.'s CIK number?
Acushnet Holdings Corp.'s SEC CIK number is 0001672013 (1672013). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Acushnet Holdings Corp.'s SEC filings?
All of Acushnet Holdings Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Acushnet Holdings Corp. last report earnings?
Acushnet Holdings Corp. (GOLF) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001672013-26-000111). This is Acushnet Holdings Corp.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Acushnet Holdings Corp.'s most recent earnings 8-K?
Acushnet Holdings Corp.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001672013-26-000111. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Acushnet Holdings Corp.'s latest earnings 8-K →
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