Nov. 13 at 7:00 PM
Acushnet Company (GOLF) delivered a solid 3Q25, with sales up 6% Y/Y to
$657.7M, topping estimates and driven by strength across all product categories.
🔹 Titleist sales +5.7%, led by golf balls (+6.2%) and clubs (+5.3%)
🔹 Adjusted EBITDA +10.4% to
$118.6M, margin expanded 70 bps to 18%
🔹 Raised FY25 outlook — now sees sales up 2.6–3.4% and EBITDA
$405–415M, above consensus
🔹 Strong balance sheet with ~
$812M net debt (≈2x EBITDA) and
$230M returned to shareholders YTD
Check out Douglas M. Lane, CFA's full report for more!
https://www.watertowerresearch.com/doc?docID=UR_GOLF_11112025
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