Sporting Goods Industry News for April 23, 2014
Net income rose 33% to $55,312,000 from $40,877,000 for the period ended Mar. 31 on 22% top line growth to $351,874,000 from $287,756,000.
Annual net income at the golf company, parent of the Titleist and FootJoy brands, was $46,685,000 in FY13 versus $27,529,000 for the 12 months ended Dec. 31, 2013, according to financial information disclosed by the company.
Net income fell 19% to $723,788 from $892,096 for the period ended Mar. 31.
Bernard Mariette, CEO and president of Coalision Inc., and a group of financial investors that includes Pelican LP, Simon Equity Partners and others, has purchased a majority stake in the Montreal company from Kilmer Capital Partners.
Confluence Watersports has been acquired by private equity firm J.H. Whitney Capital Partners, which is renaming the Greenville, SC, company, Confluence Outdoor.
The latest acquisition by BSN Sports, the largest direct marketer and distributor of sporting goods to schools and leagues in the U.S., will enable it to expand further in East Texas, Louisiana and Arkansas.