MODG’s bottom line swung to a $3.6 million loss in the third quarter from a profit of $29.7 million a year ago, as revenues fell 3% to $1,012.9 million from $1,040.6 million, pulled down by a double-digit drop in the Active Lifestyle softgoods segment. Adjusted EBITDA, which also backs out stock compensation and non-cash lease amortization in addition to interest, taxes, and depreciation, declined by 27% to $119.8 million from $163.3 million. Sales in the U.S. dipped 2% to $724.6 million, Europe fell 9% (-10% CC) to $136.6 million, Asia was ... Log in to view full article.