Acushnet Holdings Corp. (GOLF) SEC Filing 10-Q Quarterly report for the period ending Friday, March 31, 2017

Exhibit  99.1

Acushnet Holdings Corp. Announces

First Quarter 2017 Financial Results,

Declares Quarterly Cash Dividend

First Quarter 2017 Financial Results

Quarterly Cash Dividend

FAIRHAVEN, MA – May 12, 2017 –

Wally Uihlein, Acushnet President and CEO, said, "So far in 2017, the global golf industry is in a good place.  While the first few months of industry sell-in are always affected by items like weather patterns and retail trends, the outlook continues to be promising as the golf season gets underway around the world.  At Acushnet, our proven strategy, focus on the dedicated golfer and strong relationships with trade partners continue to be important differentiators and keys to our ongoing success.  The results to date are encouraging and, as we measure ourselves over the longer term and across cycles, we are pleased with our ongoing progress and remain optimistic about the future."

David Maher, Acushnet COO, said,  “It is a solid beginning to the year for both Titleist and FootJoy fueled by new product innovation and supported by our global reach and sound execution by our Associates.  This is a good first step and we remain on track to meet our 2017 goals.  Our U.S. business performed well and we showed continued growth outside of the U.S. as we implement our strategy worldwide.  A highlight was the successful launch of the 2017 Pro V1 and Pro V1x golf balls.  Players on the worldwide professional tours have swiftly converted to these new models and golfers in all markets are excited about the performance advancements.”

Summary of First Quarter 2017 Financial Results