This story originally ran on 4/22/2014 and contained inaccuracies. The corrected story is below.

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. Annual operating profit was 51% higher at $120,225,000 against $79,580,000 in FY12. Annual revenues inched 1.8% higher to $1,477,066,000 from $1,451,396,000, thanks in part to 4.8% top line growth in Q4 to $294.2 million. Titleist annual sales topped $1 billion at $1,081,300,000; FootJoy’s annual revenues came in at $395.8 million.

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