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Acushnet Holdings Corp. (GOLF) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

Acushnet Holdings Corp.

CIK: 1672013 Ticker: GOLF



Exhibit 99.1

Acushnet Holdings Corp. Announces
First-Quarter 2018 Financial Results,
Declares Quarterly Cash Dividend
First-Quarter 2018 Financial Results
First-quarter net sales of $441.8 million, up 1.9% year over year, down 2.2% in constant currency
First-quarter net income attributable to Acushnet Holdings Corp. of $41.5 million, up 8.9% year over year
First-quarter Adjusted EBITDA of $77.1 million, down 1.8% year over year
Quarterly Cash Dividend
Quarterly cash dividend of $0.13 per share; $9.7 million on an aggregate basis for the quarter
FAIRHAVEN, MA – May 3, 2018
– Acushnet Holdings Corp. (NYSE: GOLF) ("Acushnet"), a global leader in the design, development, manufacture and distribution of performance-driven golf products, today reported financial results for the three months ended March 31, 2018.
"As the golf season opens up around the globe, the industry is structurally in a good place and generally optimistic in what has been an exciting start to the season across the worldwide tours," said David Maher, Acushnet's President and Chief Executive Officer. "While weather patterns have been a factor early this year, Acushnet is off to a solid start as we continue to execute on our long-term strategy with good momentum across our various product categories."

"Innovation, the measured introduction of new products, and the breadth and depth of our business are key factors in our on-going success and this quarter our Associates and trade partners continued to deliver," continued Maher. "While the Titleist ball business was comping against the successful 2017 launch of the new Pro V1 and Pro V1x, our recently introduced Tour Soft and Velocity models grew nicely. Club results were driven by continued strength in Titleist 718 irons and the new Vokey SM7 wedges and Cameron Select putters released in March. Titleist gear continued its steady growth and the new FootJoy Tour-S shoe is off to a great start. We have also recently rolled out the new Titleist AVX golf ball in North America and we look forward to fully activating our golf ball and club fitting efforts as the season unfolds."





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The following information was filed by Acushnet Holdings Corp. (GOLF) on Thursday, May 3, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets (unaudited)
Condensed Consolidated Balance Sheets (unaudited) (parentheticals)
Condensed Consolidated Statement Of Shareholders’ Equity (unaudited)
Condensed Consolidated Statements Of Cash Flows (unaudited)
Condensed Consolidated Statements Of Comprehensive Income (loss) (unaudited)
Condensed Consolidated Statements Of Operations (unaudited)
Accumulated Other Comprehensive Income (loss), Net Of Tax
Accumulated Other Comprehensive Income (loss), Net Of Tax (details)
Accumulated Other Comprehensive Income (loss), Net Of Tax (tables)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Narrative (details)
Commitments And Contingencies - Purchase Commitments (details)
Common Stock
Common Stock (details)
Common Stock (tables)
Debt And Financing Arrangements
Debt And Financing Arrangements (details)
Derivative Financial Instruments
Derivative Financial Instruments (tables)
Derivative Financial Instruments - Effect Of Foreign Exchange Derivative Instruments In Comprehensive Income (loss) And Statement Of Operations (details)
Derivative Financial Instruments - Fair Value Of Foreign Exchange Derivative Instruments In Consolidated Balance Sheets (details)
Equity Incentive Plans
Equity Incentive Plans (tables)
Equity Incentive Plans - Allocation Of Compensation Expense (details)
Equity Incentive Plans - Narrative (details)
Equity Incentive Plans - Restricted Stock And Performance Stock Units (details)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Assets And Liabilities At Fair Value (details)
Income Taxes
Income Taxes (details)
Inventories
Inventories (details)
Inventories (tables)
Net Income Per Common Share
Net Income Per Common Share (tables)
Net Income Per Common Share - Calculation Of Diluted Weighted Average Common Shares Outstanding (details)
Nets Income Per Common Share - Computation Of Basic And Diluted Net Income Per Common Share (details)
Pension And Other Postretirement Benefits
Pension And Other Postretirement Benefits (tables)
Pension And Other Postretirement Benefits - Periodic Benefit Cost (details)
Product Warranty
Product Warranty (details)
Product Warranty (tables)
Related Party Transactions
Related Party Transactions (details)
Revenue
Revenue (details)
Segment Information
Segment Information (tables)
Segment Information - Geographical Areas (details)
Segment Information - Reconciliation (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)

Material Contracts, Statements, Certifications & more

Acushnet Holdings Corp. provided additional information to their SEC Filing as exhibits

Ticker: GOLF
CIK: 1672013
Form Type: 10-Q Quarterly Report
Accession Number: 0001672013-18-000020
Submitted to the SEC: Thu May 03 2018 4:28:20 PM EST
Accepted by the SEC: Thu May 03 2018
Period: Saturday, March 31, 2018
Industry: Sporting And Athletic Goods

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