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Article Date: August 2011
Word Count: 114

Acushnet Co. Q2, H1 Profits Bolstered by Valuation Allowance


The Titleist and FootJoy parent, whose $1.225 billion sale by Fortune Brands to a group that included Fila, benefited from a $180.3 million valuation allowance in the second quarter. With that allowance, Acushnet had an operating profit of $226.8 million versus $48.7 million in the period ended June 30. The company’s EBIT fell 25% in Q2 to ... Log in to view full article.

 

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