Headquartered in Fairhaven, MA Fiscal year ends December NYSE: GOLF acushnetholdingscorp.com
Acushnet Holdings Corp. (NYSE: GOLF) designs, develops, manufactures and distributes performance-driven golf products aimed at dedicated golfers and the golf shops that serve them. The company has been in the golf ball business since 1932. It is the steward of two major golf brands: Titleist, for performance equipment, and FootJoy, for performance wearables.
It reports three segments:
- **Titleist golf equipment:** Pro V1 golf balls, GTS drivers and fairways, T-Series irons, hybrids and Vokey SM11 wedges.
- **FootJoy golf wear:** footwear, gloves and apparel.
- **Golf gear:** golf bags, travel products and other accessories.
The United States accounts for the majority of sales. The company also sells in EMEA, Japan, Korea and Rest of World, so it is exposed to currency translation, tariffs and the seasonality and product launch cycles of the golf industry. Magnus Holdings Co., Ltd. is its controlling shareholder. The company pays a quarterly dividend and repurchases shares on the open market and from Magnus. Updated
The 18% earnings miss is mostly a calendar quirk: Acushnet pulled its GTS metals launch into the second quarter. Management still reaffirmed full-year sales of $2.65 to $2.68 billion and nudged the Adjusted EBITDA floor up to $455 million, so the selloff risk here is sentiment rather than guidance.
August has been a month to forget for Topgolf Callaway Brands (NYSE:MODG), whose share price has lost 32% through Aug. 26. You would think with the FedEx Cup playoffs in full swing…
Acushnet Holdings Corp. (NYSE: GOLF) designs, develops, manufactures and distributes performance-driven golf products aimed at dedicated golfers and the golf shops that serve them. The company has been in the golf ball business since 1932.
24/7 Wall St.'s 12-month price target for GOLF is $114.29, rated Buy. The Wall Street consensus target is $93.50. GOLF price prediction →
