Acushnet (NYSE:GOLF) Q4 2025 Earnings call February 26, 2026 08:30 AM ET Company ParticipantsAmanda Douglas - VP of Equity ResearchCameron Vollmer - Director of Investor RelationsDavid Maher - President and CEODoug Lane - Head of Consumer ProductsJP Wollam - Equity Research AssociateLauren Ng - Equity Research AssociateSean Sullivan - EVP and CFOConference Call ParticipantsJoe Altobello - Managing Director and Senior Equity AnalystNoah Zatzkin - VP and Equity Research AnalystRandy Konik - Managing Director ...

Acushnet (NYSE:GOLF) Q4 2025 Earnings call February 26, 2026 08:30 AM ET Company ParticipantsAmanda Douglas - VP of Equity ResearchCameron Vollmer - Director of Investor RelationsDavid Maher - President and CEODoug Lane - Head of Consumer ProductsLauren Ng - Equity Research AssociateSean Sullivan - EVP and CFOConference Call ParticipantsJT Waldman - Managing Director and Senior Equity AnalystJoe Altobello - Managing Director and Senior Equity AnalystNoah Zatzkin - VP and Equity Research AnalystRandy Konik - ...

Acushnet (GOLF) came out with a quarterly loss of $0.3 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to a loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.69%. A quarter ago, it was expected that this golf products maker would post earnings of $0.85 per share when it actually produced earnings of $0.81, delivering a surprise of -4.71%.Over the last four quarters, the company h ...

Full Year and Fourth Quarter 2025 Earnings Call February 26, 2026 FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements that reflect our current views with respect to, among other things, our 2026 outlook, our operations and our financial performance. These forward-looking statements are included throughout this presentation and relate to matters such as our industry, business strategy, goals and expectations concerning our market position, future operations, strategic priorities ...

Exhibit 99.1 Acushnet Holdings Corp. Announces Full Year and Fourth Quarter 2025 Financial Results, Declares Increased Quarterly Cash Dividend, Introduces 2026 Outlook Key Highlights: FAIRHAVEN, MA – February 26, 2026 – Acushnet Holdings Corp. (NYSE: GOLF) ("Acushnet" or the "Company"), the global leader in the design, development, manufacture and distribution of performance-driven golf products, today reported financial results for the full year and fourth quarter ended December 31, 2025. "Acushnet achieve ...

Analysts on Wall Street project that Acushnet (GOLF) will announce quarterly loss of -$0.27 per share in its forthcoming report, representing a decline of 1250% year over year. Revenues are projected to reach $453.8 million, increasing 1.9% from the same quarter last year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a compa ...

Core Insights - Callaway Golf Company reported that its fourth quarter and full year 2025 net revenue and adjusted EBITDA exceeded expectations, with guidance for 2026 revenue set between $1.98 billion to $2.05 billion and adjusted EBITDA between $170 million to $195 million [1][2] Financial Performance - For Q4 2025, net sales were $367.5 million, a decrease of 1.1% from $371.4 million in Q4 2024, primarily due to lower sales in Golf Equipment [1][2] - Full year 2025 net sales totaled $2,060.1 million, down 0.8% from $2,077.7 million in 2024, with Golf Equipment sales approximately flat and a decline in the Soft Goods segment [2][5] - The company reported a GAAP net loss from continuing operations of $66.0 million for Q4 2025, compared to a loss of $93.9 million in Q4 2024, and a net income of $38.8 million for the full year 2025 [1][2] Segment Performance - Golf Equipment segment net sales for Q4 2025 were $213.9 million, down 4.9% from $224.9 million in Q4 2024, while Apparel, Gear, and Other segment sales increased by 4.8% [5][6] - For the full year 2025, Golf Equipment segment sales were $1,375.1 million, a slight decrease of 0.5% from $1,382.7 million in 2024, while the Apparel, Gear, and Other segment saw a decline of 1.4% [5][6] Strategic Initiatives - The company has returned to being a pure-play golf equipment company after divesting its Jack Wolfskin business and a 60% stake in Topgolf, resulting in a net cash position of approximately $680 million and $480 million in gross debt [1][2] - Callaway plans to utilize its cash reserves to pay off convertible debt and initiate a $200 million share repurchase program [1][2] Outlook - The company expects to maintain a net cash position with zero net leverage through 2026, planning to pay off $258 million of convertible notes upon maturity in May 2026 [2][5] - For Q1 2026, consolidated net sales are estimated to be between $635 million to $665 million, with adjusted EBITDA expected between $110 million to $125 million [2][5]

Core Viewpoint - The article summarizes significant analyst rating changes that are expected to impact the market, highlighting upgrades, downgrades, and new coverage ratings for various companies [1][6]. Upgraded Ratings - Merril Lynch upgraded Darden Restaurants (DRI) from "Hold" to "Buy," raising the target price from $240 to $265, citing a value-driven operational strategy leading to stable customer traffic and market share growth [5]. - Mizuho Securities upgraded Procter & Gamble (PG) from "Neutral" to "Outperform," increasing the target price from $157 to $165, indicating potential for accelerated organic sales growth and improved profit margins [5]. - Royal Bank of Canada’s Cowen upgraded Fortinet (FTNT) from "Hold" to "Buy," maintaining a target price of $100, based on stable operational expectations for FY2026 [5]. - Deutsche Bank upgraded Applied Materials (AMAT) from "Hold" to "Buy," significantly raising the target price from $275 to $390, reflecting a favorable outlook for the wafer fabrication equipment industry in 2026-2027 [5]. - JPMorgan upgraded Acushnet Holdings (GOLF) from "Underweight" to "Neutral," increasing the target price from $74 to $96, due to a diversified product portfolio and pricing power [5]. Downgraded Ratings - Citizens Bank downgraded Trade Desk (TTD) from "Outperform" to "Market Perform," without providing a target price, citing increasing market competition and limited short-term catalysts for stock price appreciation [10]. - Deutsche Bank downgraded Sherwin-Williams (SHW) from "Buy" to "Hold," lowering the target price from $390 to $380, indicating potential downward pressure on valuation multiples until earnings growth can be proven [10]. - Jefferies downgraded Li Auto (LI) from "Buy" to "Hold," significantly reducing the target price from $28.80 to $17.50, due to intensified competition in the home SUV segment [10]. - Harbor Research downgraded Cleveland-Cliffs (CLF) from "Buy" to "Neutral," acknowledging improved fundamentals but noting that the current stock price reflects normalized earnings levels [10]. - JPMorgan downgraded Southern Copper (SCCO) from "Neutral" to "Underweight," slightly adjusting the target price from $119.50 to $117.50, indicating limited upside potential based on current copper spot prices [10]. New Coverage Ratings - Citigroup initiated coverage on Elf Beauty (ELF) with a "Buy" rating and a target price of $110, highlighting market share growth and potential from the acquisition of skincare brand Rhode [12]. - Freedom Capital initiated coverage on Hinge Health (HNGE) with a "Buy" rating and a target price of $59, forecasting a 23% revenue growth and an industry-leading profit margin of 82%-83% [12]. - Susquehanna Group initiated coverage on HEICO Corporation (HEI) with a "Neutral" rating and a target price of $385, projecting an 8% revenue CAGR and a 13% free cash flow CAGR from FY2026 to FY2028, while noting a significant valuation premium [12]. - Cantor Fitzgerald initiated coverage on Quanta Services (PWR) with an "Outperform" rating and a target price of $520, citing a multi-year investment cycle driven by modernization and electrification trends [12]. - Texas Capital initiated coverage on MGM China (MLCO) with a "Buy" rating and a target price of $11.50, emphasizing its unique non-gaming business model and alignment with Macau's tourism recovery [12].

Core Insights - The Zacks Leisure and Recreation Products industry is experiencing growth due to increased health and fitness awareness, leading to solid demand for fitness products and outdoor recreation items [1][5]. Industry Overview - The industry includes companies that provide a range of recreational products and services, such as amusement products, swimming pools, marine products, and outdoor equipment. Economic growth, a healthy labor market, and rising disposable income drive consumer demand [2]. Trends Influencing the Industry - The U.S. golf business is in a growth cycle, with increased participation and engagement across various age groups. Off-course experiences are attracting younger consumers, broadening the sport's appeal [3]. - Higher play frequency among golfers is leading to increased demand for upgraded equipment, while innovations in fitting and data analytics are enhancing spending per participant [4]. - There is robust demand for fitness-related products, with consumers investing in home workout equipment and digital fitness platforms, driven by a focus on personal well-being [5]. - Technology is redefining engagement in the industry, with smart fitness equipment and app-enabled products enhancing customer experiences and extending lifetime value [6]. Industry Performance - The Zacks Leisure and Recreation Products industry holds a Zacks Industry Rank of 110, placing it in the top 45% of over 244 Zacks industries, indicating positive near-term prospects [7][8]. - Despite the positive outlook, the industry has underperformed the S&P 500, with a collective decline of 2.2% over the past year compared to the S&P 500's rise of 18.3% [10]. Valuation Metrics - The industry trades at a forward price-to-earnings ratio of 21.4X, which is lower than the S&P 500's 23.11X and the sector's 18.45X. The industry has seen a range from 13.25X to 37.40X over the past five years, with a median of 20.67X [13]. Notable Companies - **Topgolf Callaway**: The company has seen a resurgence in traffic and sales, particularly in its core customer segment, with a Zacks Rank of 1 (Strong Buy) [14]. The stock has increased by 48.9% in the past six months [15]. - **Amer Sports**: Benefiting from strong demand for premium brands, particularly in footwear, with a Zacks Rank of 2 (Buy). The company expects a 22% year-over-year growth in earnings per share [19][20]. - **Acushnet Holdings**: Strong global golf participation and demand for Titleist products are driving growth, with a projected 7.1% increase in earnings for 2026 [23][24]. - **Pool Corporation**: Expected to benefit from steady maintenance demand and digital enhancements, with a forecasted 6.6% increase in earnings for 2026 [27][28].

Core Viewpoint - Acushnet Holdings Corp. announced a $500 million offering of senior notes to refinance existing debt and improve financial flexibility [1] Group 1: Financial Details - The offering consists of $500,000,000 in aggregate principal amount of senior notes [1] - Proceeds will be used to redeem all $350,000,000 of the Issuer's outstanding 7.375% Senior Notes due 2028 [1] - The remaining proceeds will be allocated to repay a portion of the amount outstanding under the Issuer's credit facilities [1]