Net income at the Titleist and Foot Joy parent plunged to a $26,808,000 loss from breakeven last year, in the seasonally small fourth quarter, as revenues declined 8% to $412,961,000 from $447,404,000. Revenues dropped in the U.S. and Japan, falling 11% to $226.2 million and 26% (-24% CC) to $31.2 million, largely due to softness in Titleist clubs and FootJoy. Other geographies fared better, with EMEA up 3% (-3% CC) to $48.2 million, Korea also growing 3% (-1% CC) to $60.5 million and Rest of world ticking up 2% (+2% CC) ... Log in to view full article.