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Article Date: March 2018
Word Count: 464

Acushnet Finishes 2017 with Solid Q4

Net profit in the final quarter was $11,666,000 against a loss of $179,000 in Q4 ’16 which included $12 million in transaction fees and equity appreciation rights expenses, as revenues jumped 7% to $351,392,000 from $329,761,000 with gains in all regions. Ball sales gained 10% to $107.9 million driven by sales of the Pro V1 and Pro V1x, but club sales declined 2% to $118.0 million with strong sales of the new 718 irons and 818 hybrids more than offset by a slowdown of older driver and fairway models that were launched in Q4 ‘16. Golf gear increased 4% to ... Log in to view full article.


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