Net income soared 65% in the important second quarter to $124,832,000 from $75,563,000, including a $38 million benefit from IEEPA tariff refunds, on 14% revenue growth to $819,951,000 from $720,476,000.

The fiscal fourth quarter helped push full-year results to profitability as quarterly net income jumped 185% to $61.6 million from $21.6 million on 1% higher revenue of $607.7 million against $606.9 million.

Specialty Sports Group sales, which include Marucci and the Fox bike suspension business, dropped 9% in the second quarter to $124,342,000 from $137,206,000, with OEM order timing and channel destocking blamed for the shortfall.

Net income was $4,714,000 in the second quarter against a loss of $8,434,000 last year, boosted by a $6.1 million IEEPA tariff refund, as revenues grew by 2% to $56,156,000 from $55,247,000.

Net income at the Japanese retailer was up 12% to ¥6,267 million ($39.3 mm) from ¥5,573 million on sales that were 6% higher at ¥285,954 million ($1,794.5 mm), up from ¥268,655 million for the fiscal year ended June 30.

The owner of The North Face, Helly-Hansen, Canterbury, and other brands for Japan reported a 29% decline in net income to ¥2,249 million ($14.1 mm) from ¥3,189 million in the first fiscal quarter ended June 30, on 1% lower sales of ¥23,592 million ($148.1 mm) down from ¥23,878 million.

Revenues at Sumitomo Rubber’s sports division improved 7% in the second quarter to ¥34,496 million ($216.5 mm) from ¥32,263 million a year ago, while operating profit grew 23% to ¥2,838 million ($17.8 mm) from ¥2,308 million.

The Netherlands-based parent of Raleigh, Sparta, Haibike, and other bike brands has filed for insolvency, just months after lenders took it over as private equity firm KKR exited.

Wichard Groupe is recalling about 1,050 Courant Spliced Kalimba climbing ropes because the spliced termination ends on the recalled ropes can fail unexpectedly.