高尔史密斯国际控股 2025年季度报告

333 Bridge StreetFairhaven,Massachusetts(Address of principal executive offices) FORM 10-QFOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025 1 Holdings Corp. and its consolidated subsidiaries.SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTSThis Quarterly Report on Form 10-Q contains “forward-looking statements”within the meaning of Section 21E of theSecurities Exchange Act of 1934, as amended (the “Exchange Act”), which are subject to the “safe harbor” created by that section. expectations concerning our market position, future operations, margins, profitability, capital expenditures, liquidity and capitalresources and other financial and operating information. We have used the words “anticipate,” “assume,” “believe,” “continue,”“could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable” andsimilar terms and phrases to identify forward-looking statements in this report, although not all forward-looking statements use these The forward-looking statements contained in this report are based on management’s current expectations and are subject touncertainty and changes in circumstances. We cannot assure you that future developments affecting us will be those that we haveanticipated. Actual results may differ materially from these expectations due to changes in global, regional or local economic,business, competitive, market, regulatory, political and other factors, many of which are beyond our control. We believe that these •a reduction in the number of rounds of golf played or in the number of golf participants;•unfavorable weather conditions may impact the number of playable days and rounds played in a given year;•consumer spending habits and macroeconomic and demographic factors may affect the number of rounds of golf played, the number of golf participants and related spending on golf products;•U.S. and foreign trade policies, including the assessment of tariffs and other impositions on imported goods;•changes to the Rules of Golf with respect to equipment;•our ability to successfully manage the frequent introduction of new products or satisfy changing consumer preferences andquality and regulatory standards;•our reliance on technical innovation and high-quality products;•a significant disruption in the operations of our manufacturing, assembly or distribution facilities;•our ability to procure, and the cost of, raw materials and product components; •currency transaction and translation risk;•our ability to adequately enforce and protect our intellectual property rights;•our involvement in lawsuits to protect, defend or enforce our intellectual property rights;•the risk that our products may infringe the intellectual property rights of others;•changes to patent laws;•intense competition and our ability to maintain a competitive advantage in each of our markets;•limited opportunities for future growth in sales of certain of our products;•our customers’ financial conditions, levels of business activity and ability to pay their trade obligations;•a decrease in corporate spending on our custom logo golf balls; •consolidation of retailers or concentration of retail market share;•our ability to maintain and enhance our brands;•fluctuations of our business and results of operations due to seasonality and product launch cycles;•risks associated with doing business globally;•compliance with applicable anti-bribery, anti-money laundering and economic sanctions laws; •our ability to secure professional golfers to endorse or use our products;•negative publicity relating to us, the golfers who use our products or the golf industry in general;•our ability to accurately forecast demand for our products; •a disruption in the service, or a significant increase in the cost, of our primary delivery and shipping services or a significantdisruption at shipping ports;•our ability to successfully manage the implementation of our new enterprise resource planning platform; manufacturing personnel;•our ability to prohibit sales of our products by unauthorized retailers or distributors;•our ability to grow our presence in existing international markets and expand into additional international markets;•tax uncertainties, including potential changes in tax laws, unanticipated tax liabilities and limitations on utilization of taxattributes after any change of control;•our ability to secure and maintain adequate levels of coverage under our insurance policies;•product liability, warranty and recall claims;•litigation and other regulatory proceedings;•compliance with environmental, health and safety laws and regulations;•our ability to secure additional capital at all or on terms acceptable to us;•lack of assurance of positive returns on capital investments;•risks associated with acquisitions and investments;•terrorist activities and international political instability;•occurrence of natural disasters or pandemic diseases;•a high degree of leverage, ability to