Net income jumped to $75.2 million from $20.3 million in the second quarter, and was up 67% even excluding last year’s included loss from Topgolf, as revenues improved 2% to $612.2 million from $600.4 million on the strength of equipment sales. A $10.8 million IEEPA tariff refund added 160 basis points to gross margin, pushing it to 50.1%; without the windfall, gross margin was up 460 basis points from a year ago to 48.5%. Operating expenses were 1% higher in dollars, leveraging slightly to 31.3% of the top line.

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