Acushnet Holdings Corp. (GOLF) Form 10-Q — Aug 6, 2026
Acushnet Holdings (NYSE: GOLF) delivered a strong Q2 2026, with net sales up 13.8% to $820.0 million and diluted EPS jumping to $2.08 from $1.25 a year ago. Golf club sales surged 42% on the new GTS drivers and T-Series irons while Titleist Pro V1 pricing helped lift the Titleist golf equipment segment 20.3% to $545.9 million. A major tailwind came from one-time IEEPA tariff refunds: the company recognized $44.5 million of benefits in cost of goods sold (plus $0.6 million in SG&A and $1.5 million in interest expense), expanding gross margin to 54.4% from 49.2%.
Key figures
- Eps
- 2.08
- Revenue
- 819951000
- Net Income
- 124832000
- Revenue Yoy
- 13.8% (Q2 2026 vs Q2 2025; 14.2% constant currency)
- Total Assets
- 2576076000
- Cash Position
- 67941000
- Shares Outstanding
- 58405044
- Capex 6m
- 37273000
- Q2 buyback
- 182,231 shares at average $87.94 ($16.0 million)
- Net sales 6m
- 1572926000
- Senior notes
- $500.0 million at 5.625% due December 1, 2033
- Diluted eps 6m
- 3.44
- Long term debt
- 936525000
- Gross margin q2
- 54.4% vs 49.2% prior year
- Short term debt
- 22902000
- Buyback remaining
- 214.7 million of $1.25 billion authorization
- Adjusted ebitda q2
- 208578000
- Variable rate debt
- 466.2 million
- Golf balls sales q2
- 273.9 million, +4.5% YoY
- Golf clubs sales q2
- 272.0 million, +42.0% YoY
- Revolver outstanding
- $441.6 million at 4.88% weighted average rate
- Effective tax rate q2
- 23.6% vs 19.9% prior year
- Incentive comp offset
- approximately $7 million increase tied to tariff refunds
- Operating cash flow 6m
- 107444000
- Adjusted ebitda margin q2
- 25.4% vs 19.9% prior year
- Diluted eps q2 prior year
- 1.25
- Dividend per share q3 2026
- 0.255
- Net income attributable 6m
- 206248000
- Magnus repurchase agreement
- up to $52.5 million (June 8, 2026 agreement)
- Revolver available capacity
- 504.4 million
- Ieepa tariff refund benefits
- $44.5 million in COGS, $0.6 million in SG&A, $1.5 million in interest expense, net; $45.1 million included in Adjusted EBITDA
Price after filing
Close on the filing date to close N calendar days later (from $102.13). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.