Filing Flows › Acushnet Holdings (GOLF) › Q1 2025
Acushnet Holdings (GOLF) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Acushnet Holdings (GOLF) reported revenue of $703M for the first quarter 2025 (Q1 2025), -0.6% from a year earlier and +58% from the quarter before. Operating margin was 16.3%, net earnings $99.4M (14.1% of revenue).
Acushnet Holdings, Q1 2025: revenue $703M (-0.6% year over year), operating margin 16.3%, net earnings $99.4M, operating cash flow −$120M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $703M | +58% | -0.6% |
| Gross profit | $337M | +235% | -2% |
| Operating profit | $115M | — | -6% |
| Net earnings | $99.4M | — | +13% |
| Operating cash flow | −$120M | — | — |
What changed
Revenue was $703.4M in Q1 2025, down 1% year over year and up 58% from the previous quarter.
Gross margin was 47.9%, down 0.5 points from a year earlier. Operating profit was $114.5M, a 16.3% margin (down 0.9 points year over year). Operating expenses grew 1% against a revenue fall of 1%. The fastest-growing cost line was Research & development (+15%). Net earnings were $99.4M, up 13% year over year. The effective tax rate was 17.9%.
Operating cash flow was −$120.3M. Non-cash charges added back $14.3M of depreciation and amortization and $6.9M of share-based compensation. Working capital and other items used $240.5M. Capital expenditures of $11.3M exceeded it, leaving free cash flow of −$131.5M.
Questions
What was Acushnet Holdings' revenue in the first quarter 2025?
Acushnet Holdings (GOLF) reported revenue of $703M for the first quarter 2025 (Q1 2025), -0.6% from a year earlier and +58% from the quarter before.
Was Acushnet Holdings profitable in the first quarter 2025?
Operating profit was $115M (16.3% of revenue) and net earnings $99.4M.
Source: Acushnet Holdings 10-Q on SEC EDGAR.