In Q1, FO’s golf unit achieved operating income of$44.4 million versus $9.0 million in the year-ago period ended Mar. 31. TotalQ1 golf segment sales rose 1.9% (-3%C$) to $353.6 million from $347.0 millionduring a period when Fortune sold the third component of the business, CobraGolf, to Puma for an undisclosed price. Sales were lower in the U.S. and downin Europe and Japan in constant currency. But golf revenues rose strongly inKorea, Latin America and in the Pacific Basin.

Golf ball sales fell modestly on a challenging compand the impact of poor weather; Titleist sales were up mid single digits onstrong demand ... Log in to view full article.