Net income attributable to shareholders soared 156% in the third quarter to $143.1 million from $55.8 million on 30% higher revenues of $1,756.3 million up from $1,353.8 million, powered by accelerating Salomon footwear and continued momentum from Arc’teryx.

MODG put an end to more than a year of speculation over Topgolf’s fate, announcing it has inked a definitive agreement to sell a 60% stake in Topgolf and Toptracer to private equity firm Leonard Green & Partners at a $1.1 billion valuation, down by nearly half from Topgolf’s $2.0 billion at the time of the 2021 Callaway merger.

Net income attributable to shareholders at the Taiwanese footwear and sporting goods manufacturer improved 22% to TWD 1,739.7 million ($57.7 mm) in the third quarter from TWD 1,426.6 million, on 5% lower revenues of TWD 21,680.0 million ($719.3 mm) against TWD 22,719.1 million.

Mirroring their larger Taiwanese competitor, Giant Group, Merida Industry and Ideal Bike brought in sharply lower revenue in the third quarter.