Exhibit 99.1

Acushnet Holdings Corp. Announces
Third Quarter 2016 Financial Results

·                  Third quarter net sales of $332.4 million, up 3.9% year over year, or 2.2% in constant currency

·                  Nine months net sales of $1,235.3 million, up 4.4% year over year, or 4.7% in constant currency

·                  Third quarter net loss attributable to Acushnet Holdings of $6.2 million, up $7.8 million year over year

·                  Nine months net income attributable to Acushnet Holdings of $45.9 million, up $26.4 million year over year

·                  Third quarter Adjusted EBITDA of $27.0 million, up 9.0% year over year

·                  Nine months Adjusted EBITDA of $191.4 million, up 3.4% year over year

FAIRHAVEN, MA — December 8, 2016 — 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 and nine months ended September 30, 2016.

Wally Uihlein, Acushnet’s President and CEO, said, “We are pleased with our third quarter performance and especially our results so far this year.  Net sales and Adjusted EBITDA continued to grow over the first nine months as a result of solid execution by the Acushnet team.  As the golf industry is undergoing a much needed and positive rationalization, our strategy continues to work well and resonates strongly with golfers and our partners.  The focus on the dedicated golfer, a broad and deep product portfolio, market leading positions across multiple categories and a world class team provide a solid foundation for continued success going forward.”

Uihlein continued, “Having been with Acushnet for 40 years, it was incredibly rewarding to reach another major milestone with the recent completion of our initial public offering.  I’m very excited to begin the next chapter in the company’s history.”

Summary of Third Quarter 2016 Financial Results

Consolidated net sales increased by 3.9%, or 2.2% on a constant currency basis:

·                  7.5% increase in net sales (6.2% on a constant currency basis) in FootJoy golf wear across all categories

·                  10.4% increase in net sales (7.7% on a constant currency basis) of Titleist golf clubs as a result of continued strong demand for the new 2016 model 716 irons, Vokey wedges and Scotty Cameron putters

·                  5.5% decrease in net sales (6.5% on a constant currency basis) of Titleist golf balls as a result of the off-course U.S. retail channel disruption caused by the bankruptcy of Sports Authority and the reorganization efforts of Golfsmith and the fact that our Pro V1 and Pro V1x balls are in the second year of their 2-year product cycle

Consolidated net sales in the United States decreased by 0.7%, impacted by soft market conditions in the United States and the reorganization efforts of Golfsmith.  Acushnet posted strong year-on-year gains in regions outside the United States, increasing net sales by 9.3% — on a constant currency basis, such net sales would have increased by 5.6%, with Korea up 10.8%, EMEA up 6.2% and Japan up 5.4%.

Net income (loss) attributable to Acushnet increased by $7.8 million to a loss of $6.2 million primarily as a result of higher income from operations principally due to higher gross profit in FootJoy golf wear and Titleist golf clubs offset by lower gross profit in Titleist golf balls, and lower SG&A expenses.

Adjusted EBITDA increased by 9.0% primarily as a result of higher income from operations.  Adjusted EBITDA margin increased to 8.1% for the third quarter from 7.7% for the prior year period.

Summary of First Nine Months 2016 Financial Results

Consolidated net sales increased by 4.4%, or 4.7% on a constant currency basis:

·                  9.3% increase in net sales (9.0% on a constant currency basis) of Titleist golf clubs reflecting continued strong demand for the new 2016 model 716 irons, Vokey wedges and Scotty Cameron putters

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·                  6.4% increase in net sales (6.8% on a constant currency basis) of FootJoy golf wear across all categories

·                  9.2% increase in net sales (9.7% on a constant currency basis) of Titleist golf gear driven by sales volume growth in all categories

·                  3.6% decrease on net sales (3.1% on a constant currency basis) of Titleist golf balls as a result of the off-course U.S. retail channel disruption and the fact that our Pro V1 and Pro V1x balls are in the second model year

·                  1.3% increase in net sales in the United States

·                  8.3% increase in net sales in regions outside of the United States — 8.8% on a constant currency basis, with Korea up 19.2%, EMEA up 10.1% and Japan up 5.1%

Net income attributable to Acushnet increased by $26.4 million to $45.9 million.  This increase was primarily as a result of higher income from operations principally due to higher gross profit in Titleist golf clubs, and lower SG&A expenses.

Adjusted EBITDA increased by 3.4% primarily as a result of higher income from operations.  Adjusted EBITDA margin decreased to 15.5% for the nine months ended September 30, 2016 from 15.7% for the prior year period.

Liquidity and Capital Resources

As of September 30, 2016, we had:

·                  cash of $85.7 million ($81.1 million on a pro forma basis, after giving effect to the automatic conversion of our convertible notes and convertible preferred stock and the payment of interest on the convertible notes at the closing of our initial public offering)

·                  availability under our revolving credit facility of $255 million and availability under our local credit facilities of $66 million

Initial Public Offering

On November 2, 2016, Acushnet completed its initial public offering (“IPO”) at $17.00 per share.  A total of 22,233,332 shares of common stock were sold to the underwriters, including 2,899,999 shares sold pursuant to the full exercise of the underwriters’ option to purchase additional shares.  All 22,233,332 shares of common stock sold in the offering were sold by existing stockholders of Acushnet.

Investor Conference Call

Acushnet will hold a conference call at 8:30 am (Eastern Time) on December 8, 2016 to discuss the results of the quarter and host a question and answer session.  A live webcast of the conference call will be accessible at www.AcushnetHoldingsCorp.com/ir.  A replay archive of the webcast will be available shortly after the call concludes.

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About Acushnet Holdings Corp.

We are the global leader in the design, development, manufacture and distribution of performance-driven golf products, which are widely recognized for their quality excellence. Driven by our focus on dedicated and discerning golfers and the golf shops that serve them, we believe we are the most authentic and enduring company in the golf industry. Our mission - to be the performance and quality leader in every golf product category in which we compete - has remained consistent since we entered the golf ball business in 1932.  Today, we are the steward of two of the most revered brands in golf — Titleist, one of golf’s leading performance equipment brands, and FootJoy, one of golf’s leading performance wear brands.  Additional information can be found at www.acushnetholdingscorp.com.

Forward-Looking Statements

This release includes forward-looking statements that reflect our current views with respect to, among other things, our operations and financial performance. These forward-looking statements are included throughout this release and relate to matters such as our industry, business strategy, goals and expectations concerning our market position, future operations, margins, profitability, capital expenditures, liquidity and capital resources and other financial and operating information. We use words like “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable” and similar terms and phrases to identify forward-looking statements in this release.

The forward-looking statements contained in this release are based on management’s current expectations and are subject to uncertainty and changes in circumstances. We cannot assure you that future developments affecting us will be those that we have anticipated. Actual results may differ materially from these expectations due to changes in global, regional or local economic, business, competitive, market, regulatory and other factors, many of which are beyond our control. We believe that these factors include, but are not limited to: (1) a reduction in the number of rounds of golf played or in the number of golf participants; (2) unfavorable weather conditions may impact the number of playable days and rounds played in a given year; (3)  macroeconomic factors may affect the number of rounds of golf played and related spending on golf products;  (4) demographic factors may affect the number of golf participants and related spending on our products; (5) a significant disruption in the operations of our manufacturing, assembly or distribution facilities; (6) our ability to procure raw materials or components of our products; (7) a disruption in the operations of our suppliers; (8) cost of raw materials and components; (9) currency transaction and translation risk; (10) our ability to successfully manage the frequent introduction of new products; (11) our reliance on technical innovation and high-quality products; (12) changes of the Rules of Golf with respect to equipment; (13) our ability to adequately enforce and protect our intellectual property rights; (14) involvement in lawsuits to protect, defend or enforce our intellectual property rights; (15) our ability to prevent infringement of intellectual property rights by others; (16) recent changes to U.S. patent laws and proposed changes to the rules of the U.S. Patent and Trademark Office; (17) intense competition and our ability to maintain a competitive advantage in each of our markets; (18) limited opportunities for future growth in sales of golf balls, golf shoes and golf gloves; (19) our customers’ financial condition, their levels of business activity and their ability

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to pay trade obligations; (20) a decrease in corporate spending on our custom logo golf balls; (21) our ability to maintain and further develop our sales channels; (22) consolidation of retailers or concentration of retail market share; (23) our ability to maintain and enhance our brands; (24) seasonal fluctuations of our business; (25) fluctuations of our business based on the timing of new product introductions; (26) risks associated with doing business globally; (27) compliance with laws, regulations and policies, including the U.S. Foreign Corrupt Practices Act or other applicable anti-corruption legislation; (28) our ability to secure professional golfers to endorse or use our products; (29) negative publicity relating to us or the golfers who use our products or the golf industry in general; (30) our ability to accurately forecast demand for our products; (31) a disruption in the service or increase in cost, of our primary delivery and shipping services or a significant disruption at shipping ports; (32) our ability to maintain our information systems to adequately perform their functions; (33) cybersecurity risks; (34) the ability of our eCommerce systems to function effectively; (35) occurrence of natural disasters or pandemic diseases; (36) impairment of goodwill and identifiable intangible assets; (37) our ability to attract and/or retain management and other key employees and hire qualified management, technical and manufacturing personnel; (38) our ability to prohibit sales of our products by unauthorized retailers or distributors; (39) international political instability and terrorist activities; (40) our ability to grow our presence in existing international markets and expand into additional international markets; (41) tax uncertainties, including potential changes in tax laws, unanticipated tax liabilities and limitations on utilization of tax attributes after any change of control; (42) adequate levels of coverage of our insurance policies; (43) product liability, warranty and recall claims; (44) litigation and other regulatory proceedings; (45) compliance with environmental, health and safety laws and regulations; (46) our ability to secure additional capital on terms acceptable to us and potential dilution of holders of our common stock; (47) our estimates or judgments relating to our critical accounting policies; (48) our substantial leverage, ability to service our indebtedness, ability to incur more indebtedness and restrictions in the agreements governing our indebtedness; (49) a sale, foreclosure, liquidation or other transfer of the shares of our common stock owned by Magnus Holdings Co., Ltd. (“Magnus”) as a result of the term loan agreement entered into by Magnus to finance the purchase of shares of our common stock by Magnus in connection with our initial public offering; (50) the ability of our controlling stockholder to control significant corporate activities, and our controlling stockholder’s interests may conflict with yours; (51) the pledge by Fila Korea Co., Ltd. (“Fila Korea”) of the common stock of Magnus and any future pledges by Fila Korea of the common stock of Magnus; (52) the insolvency laws of Korea are different from U.S. bankruptcy laws; (53) our status as a controlled company;  (54) increased costs and regulatory requirements of being a public company; (55) our ability to maintain effective internal controls over financial reporting; (56) our ability to pay dividends; (57) dilution from future issuances or sales of our common stock; (58) anti-takeover provisions in our organizational documents; and (59) reports from securities analysts.

These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release or in the section entitled “Risk Factors” in our Prospectus dated October 27, 2016 and filed with the SEC pursuant to Rule 424(b). Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, our actual results may vary in material respects from those projected in these forward-looking statements.

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Any forward-looking statement made by us in this release speaks only as of the date of this release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, investments or other strategic transactions we may make. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

MEDIA CONTACT:

Joy Murphy, ICR

AcushnetPR@icrinc.com

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ACUSHNET HOLDINGS CORP.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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ACUSHNET HOLDINGS CORP.

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

* The unaudited pro forma consolidated balance sheet information as of September 30, 2016 has been prepared to give effect to the automatic conversion of all of the outstanding convertible notes into an aggregate of 32,624,820 shares of common stock, the payment in cash of accrued and unpaid interest of $4.5 million on the convertible notes and the automatic conversion of all of the outstanding shares of the Series A preferred stock into an aggregate of 16,542,243 shares of common stock as if the Company’s foregoing transactions had occurred on September 30, 2016.

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ACUSHNET HOLDINGS CORP.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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ACUSHNET HOLDINGS CORP.
Supplemental Net Sales Information

Third Quarter Net Sales by Segment

Third Quarter Net Sales by Region

Nine Month Net Sales by Segment

Nine Month Net Sales by Region

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ACUSHNET HOLDINGS CORP.

Reconciliation of GAAP to Non-GAAP Measures

(Unaudited)

(In Thousands)

Use of Non-GAAP Financial Measures

This release includes the non-GAAP financial measures of net sales in constant currency and Adjusted EBITDA. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Company’s financial results. Therefore, these measures should not be considered in isolation or as an alternative to net sales, net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP. You should be aware that the Company’s presentation of these measures may not be comparable to similarly-titled measures used by other companies.

We use net sales on a constant currency basis to evaluate the sales performance of our business in period over period comparisons and for forecasting our business going forward. Constant currency information allows us to estimate what our sales performance would have been without changes in foreign currency exchange rates. This information is calculated by taking the current period local currency sales and translating them into U.S. dollars based upon the foreign currency exchange rates for the applicable comparable prior period. This constant currency information should not be considered in isolation or as a substitute for any measure derived in accordance with GAAP. Our presentation of constant currency information may not be consistent with the manner in which similar measures are derived or used by other companies.

Adjusted EBITDA represents net income (loss) attributable to Acushnet Holdings Corp. plus income tax expense, interest expense, depreciation and amortization, the expenses relating to the Acushnet Company Equity Appreciation Rights Plan, as amended (the “EAR Plan”), share-based compensation expense, a one-time executive bonus, restructuring charges, plant start-up costs, certain transaction fees, indemnification expense (income) from our former owner Beam Suntory, Inc. (formerly known as Fortune Brands, Inc.) (“Beam”), gains (losses) on the fair value of our common stock warrants, certain other non-cash gains, net and the net income relating to noncontrolling interests in our FootJoy golf shoe joint venture. We define Adjusted EBITDA in a manner consistent with the term “Consolidated EBITDA” as it is defined in our credit agreement. Consolidated EBITDA is used in our credit agreement at the Acushnet Company level for purposes of certain material terms, including (i) determining the applicable margin used to determine the interest rate per annum of outstanding borrowings and commitment fees for revolving commitments, (ii) calculating certain financial ratios used in financial maintenance covenants that require compliance on a quarterly basis, (iii) determining our ability to incur additional term loans or increases to our new revolving credit facility and (iv) determining the availability of certain baskets and the ability to enter into certain transactions.

We present Adjusted EBITDA as a supplemental measure because it excludes the impact of certain items that (i) we do not consider indicative of our ongoing operating performance, (ii) that relate to our acquisition of Acushnet Company, our operating subsidiary, from Beam on July 29, 2011 (the “Acquisition”) or (iii) that relate to our historical capital structure that will no

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longer be relevant after the closing of this offering. Management uses Adjusted EBITDA to evaluate the effectiveness of our business strategies, assess our consolidated operating performance and make decisions regarding pricing of our products, go to market execution and costs to incur across our business. Adjusted EBITDA is also used as a financial performance measure for purposes of determining the vesting of equity awards that were granted under our Acushnet Holdings Corp. 2015 Omnibus Incentive Plan.

We also believe Adjusted EBITDA provides useful information to investors regarding (i) our consolidated operating performance, (ii) our capacity to service debt, (iii) the applicable margin used to determine the interest rate per annum of outstanding borrowings and commitment fees for revolving commitments and (iv) our capacity to incur additional debt and utilize certain baskets and enter into transactions that may otherwise be restricted by our credit agreement. By presenting Adjusted EBITDA, we provide a basis for comparison of our business operations between different periods by excluding items that we do not believe are indicative of our core operating performance.

Adjusted EBITDA is not a measurement of financial performance under GAAP. It should not be considered an alternative to net income (loss) attributable to Acushnet Holdings Corp. as a measure of our operating performance or any other measure of performance derived in accordance with GAAP. In addition, Adjusted EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items, or affected by similar non-recurring items. Adjusted EBITDA has limitations as an analytical tool, and you should not consider such measure either in isolation or as a substitute for analyzing our results as reported under GAAP. Our definition and calculation of Adjusted EBITDA is not necessarily comparable to other similarly titled measures used by other companies due to different methods of calculation.

The following table presents reconciliations of net income (loss) attributable to Acushnet to Adjusted EBITDA for the periods presented:

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(a)                                 Reflects expenses related to the anticipated full vesting of Equity Appreciation Rights (“EARs”) granted under our EAR Plan and the remeasurement of the liability at each reporting period based on the then-current projection of our common stock equivalent value (as defined in the EAR Plan). See “—Critical Accounting Policies and Estimates—Share-Based Compensation” in our Prospectus dated October 27, 2016 and filed with the SEC pursuant to Rule 424(b).  We may incur additional material expenses in 2016 in connection with the outstanding EARs. All outstanding EARs under the EAR Plan vested as of December 31, 2015. The EAR Plan expires on December 31, 2016 and amounts earned under the EAR Plan must be paid within two and a half months after the expiration date.

(b)                                 For the three months ended September 30, 2015 and nine months ended September 30, 2015, reflects compensation expense associated with the exercise of substitute stock options by an executive which were granted in connection with the Acquisition. All such stock options have been exercised.  For the three months ended September 30, 2016 and nine months ended September 30, 2016, reflects compensation expenses with respect to equity-based grants under the Acushnet Holdings Corp. 2015 Omnibus Incentive Plan which were made in the second quarter of 2016.

(c)                                  In the first quarter of 2016, our President and Chief Executive Officer was awarded a cash bonus in the amount of $7.5 million as consideration for past performance.

(d)                                 Reflects restructuring charges incurred in connection with the reorganization of certain of our operations in 2016.

(e)                                  Reflects legal fees incurred in 2015 relating to a dispute arising from the indemnification obligations owed to us by Beam in connection with the Acquisition as well as certain fees and expenses we incurred in 2015 and 2016 in connection with our initial public offering.

(f)                                   Reflects the non-cash charges related to the indemnification obligations owed to us by Beam that are included when calculating net income (loss) attributable to the Company.

(g)                                  Fila Korea Co., Ltd. exercised all of our outstanding common stock warrants in July 2016 and we used the proceeds from such exercise to redeem all of our outstanding 7.5% bonds due 2021.

(h)                                 Reflects legal judgment in favor of us associated with the Beam value-added tax dispute recorded in other (income) expense.

(i)                                     Reflects the net income attributable to the interest that we do not own in our FootJoy golf shoe joint venture.

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