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Acushnet’s Maher Expects Regional Pricing Action

by | May 7, 2025 | Business

David Maher, president of Titleist and FootJoy parent Acushnet Co., today told Wall Street analysts that the company has not yet passed along increased tariff costs to consumers, but does  anticipate “taking some regional pricing action on select products as we gain clarity on the extent and timing of our mitigation efforts.’’

The Acushnet Co. reported Q1 sales of $703.4 million, down 0.6% year over year. First quarter earnings were $99.4 million, up 13.2% year over year.

Golf ball sales in Q1 increased five percent versus Q1 of 2024 to $213 million, while Q1 club sales increased four percent to $208 million. Footoy’s Q1 sales fell 13 percent to $178 million.

Maher said Acushnet’s supply chain is “durable and regionally diverse,” which provides its teams with enough operational flexibility to adapt to an uncertain and evolving tariff dynamic.

“Our vertical integration in golf balls, golf clubs, footwear, and golf gloves, first and foremost, supports our efforts to achieve the highest quality standards in the products we produce,’’ Maher said. “It also provides a good amount of control and agility as it relates to demand planning and global supply chain management.’’

Approximately two-thirds of Acushnet’s worldwide golf ball output is produced in the United States at its two  Massachusetts-based ball plants, which supply most of the U.S. golf ball demand.

A Thailand plant supplies Titleist Pro V1 models to all other regions, now including Canada.

“Our golf ball business has a small exposure to tariffs from China sourced raw materials, which we expect to mitigate by the end of the year,’’ Maher said. “Additionally, we ship U.S.  produced performance model golf balls into Canada and Mexico,  which are presently incurring a 25% tariff. We have not yet reacted to this temporary rate. However, if this becomes permanent, we will likely take pricing measures.’’

Acushnet’s club components are sourced from China, Taiwan, Vietnam, and the U.S..

“We operate our own assembly centers in most major regions,’’ Maher said. “All of our U.S. club demand is assembled in our Carlsbad, CA., facility.

“Our primary golf club tariff exposure today is from China-sourced club heads shipped into the U.S. Over time, we will reroute these heads to our international facilities and supply our U.S. production center with components sourced from the U.S., Taiwan, and Vietnam.

We recently relocated our footwear manufacturing center from China to Vietnam. While we are confident this move has a long-term benefit, FootJoy, like most footwear companies, is exposed to tariff uncertainty in Vietnam, which was originally posted at 46 percent, but is now at 10 percent during the current pause period.’’

Acushnet Co. owns and operates a standalone glove facility in Thailand that produces FootJoy and Titleist gloves.

“We are confident that Acushnet’s supply chain footprint provides us with flexibility to adapt, most notably within golf equipment, our largest segment,’’ Maher said. “We expect to mitigate a good portion of the current tariff impact by end of year and expect to realize further relief in 2026 from some of our actions that will take longer to materialize.’’

Photo Courtesy of the Acushnet Company

acushnetholdingscorp.com
titleist.com
footjoy.com

About the Author

<a href="https://golfonemedia.com/author/steve_pike/" target="_self">Steve Pike</a>

Steve Pike

Steve “Spike” Pike is a lifelong journalist whose career covers Major League Baseball, the NFL, and college basketball. For the past 26 years, Spike has been one of the more respected voices in the golf and travel industries, working for such publications as Golfweek, Golf World, and Golf Digest for The New York Times Magazine Group. In 1998, Spike helped launch the PGA.com website for the PGA of America. As a freelance travel and golf writer, Spike’s travels have taken him around the world. He has played golf from Pebble Beach to St. Andrews, walked the Great Wall of China, climbed an active volcano in the Canary Islands, been on safari in South Africa, and dived with sharks off Guadalupe, Baja California.