Net income slipped 24% to $7,063,000 from $9,318,000 in the third quarter, pulled down by a $5.1 million transition tax adjustment, as revenues grew 7% to $370,427,000 from $347,263,000. Poor weather was a headwind in every market, depressing rounds played and consumables sales. The U.S. market keeps on humming despite lower rounds, and led all regions with sales surging 11% to $203.2 million. Elsewhere, EMEA sales gained 3% to $41.7 million, Japan inched up 1% to $41.7 million, Korea increased 5% to $50.0 million, but Rest of World dipped 2% to $33.9 million. Gross margin expanded 120 basis points to ... Log in to view full article.