Fubotv earnings beat by $0.10, revenue topped estimates
NEW YORK - On Thursday, Acushnet Holdings Corp . (NYSE:GOLF), the global golf equipment leader, reported second-quarter revenue that exceeded analyst expectations, though earnings fell short of estimates.
The company’s shares rose 0.55% in pre-market trading following the announcement.
The golf equipment manufacturer posted revenue of $720.5 million for the quarter, surpassing the consensus estimate of $717.39 million and representing a 5.4% increase YoY. However, adjusted earnings per share came in at $1.25, missing analyst expectations of $1.32.
Titleist golf equipment was the primary growth driver, with sales increasing 6.8% YoY to $453.8 million, fueled by higher average selling prices across all golf club categories and increased sales volumes of the company’s 2025 Pro V1 golf ball models. Golf gear sales also contributed to growth, rising 7.9% to $76.7 million.
"Acushnet delivered another strong performance in the second quarter while operating in this dynamic environment," said David Maher, Acushnet’s President and Chief Executive Officer. "Through the first six months of the year, the team delivered a 3% increase in constant currency net sales driven by growth in Titleist golf equipment and Golf gear."
The company reported that net income attributable to Acushnet Holdings Corp. increased 5.9% to $75.6 million, while Adjusted EBITDA rose 9.2% to $143.1 million. Adjusted EBITDA margin improved to 19.9% from 19.2% in the prior year period.
U.S. sales increased 6.4% to $434.5 million, while international sales rose 3.8%, or 2.3% on a constant currency basis. The company noted that the U.S. golfer base grew for the seventh straight year in 2024, and global participation remains healthy despite poor spring weather in several regions.
Looking ahead, Maher expressed optimism about upcoming product launches, including new Titleist T-series irons, Scotty Cameron putters, and line extensions to the company’s FJ Hyperflex and Quantum golf shoes.
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