Net income at the Titleist and FootJoy parent increased by 15% in the first quarter to $93,275,000 from $81,045,000 on 13% higher revenues of $686,290,000 against $606,087,000 helped by strong sales of balls and clubs and a recovery in golf gear. Adjusted EBITDA was $146.8 million, up 22% year over year. GOLF sees channel inventories returning to normal levels after last year’s rollercoaster of supply disruptions. The industry is on firm footing, it believes, with solid participation trends among core golfers.

As for segment results, Titleist ball sales jumped 17% to $192.0 ... Log in to view full article.