TruGolf Holdings Posts Turnaround Quarter in Q3 as Sales Grow 82 Percent
EBITDA for the second half of 2024 is estimated to range between $1.1 million and $1.5 million, showing a return to profitability following significant investments made over the past two years. Total revenue for end of 2024 is expected to grow 9 percent to 13 percent.
Lazydays Holdings Looks to Secure Future of Its Business Through Financial Transactions
The RV dealership company has entered into a series of transformative transactions designed to provide the company with a strengthened financial foundation and a more focused dealership portfolio.
Camping World Holdings to Acquire Seven Lazydays Dealerships
Camping World estimated that the seven locations generated nearly $200 million of revenue on a trailing twelve-month basis, during a trough RV market.
Kinsey’s Inc. Fills Brands Sales Manager Position
Joseph Eccker has an extensive background in sales, marketing and brand development and is an active end-user of firearms and archery and an avid hunter and fisherman.
Regal Products Expands Sales & Customer Service
The provider of firearm safety devices, suicide prevention tools, and outdoor sporting goods accessories has announced additions to its sales and customer service group, including one promotion.
Charter Arms Adds Indie Sales Agency for 13 Western States
Mountain States Sports Marketing Inc. (MSSM Group) is now the company’s sales agency of record for the Western region of the United States, including the states of AK, WA, OR, HI, CA, NV, ID, MT, UT, AZ, NM, CO, and WY.
NMMA Divests Northwest Sportshow in Minneapolis to Expand Discover Boating Shows
The Northwest Sportshow will be the 19th show the company has purchased in this category since March 25 of this year. The acquisition reportedly brings the total number of events that the company produces to 114.
Arora Group Appoints New Managing Director of Golf
Gerry Ivers will oversee day-to-day operations at The Buckinghamshire, recently repositioned as a private members’ club following an over £10 million clubhouse renovation. He will also develop a new course at Ryder Cup candidate venue Luton Hoo Hotel, Golf & Spa.
Rec-Com Outdoors Appoints Regional Sales Rep for International
The company said the appointment of Richard White as its international regional sales representative will support the company’s growth in the global fishing market.
Nite Ize Spins Off Tru Zip to Stand-Alone Brand
Nite Ize, manufacturer of the Tru Zip toothless, dustproof and waterproof zipper, announced that the product now operates as an independent brand. Nite Ize, the product inventor, will remain its sole distributor.
S&S Activewear Taps Industry Veteran to Lead Hard Goods Division
Eric Levin brings over 33 years of industry leadership to this role, having previously founded Jetline, a promotional products business that merged with Prime Line in 2015, which Alphabroder acquired and became the supplier’s hard goods division. Levin served as executive vice president of strategy and growth.
Report: Pickleball Specific Facilities Grew 55 Percent Last Year But Still Lags in Participation Growth
SFIA and Pickleheads have released their second annual report, the 2024 State of Pickleball: Participation & Infrastructure Report, noting that the industry has responded to the shortage of pickleball courts in the U.S., with a 55 percent year-over-year increase in the number of dedicated facilities for play.
Massimo Group Pontoon Boat Sales Crash in Q3, Less Weakness in E-Bikes, ATVs and UTVs
The company said the 14.4 percent decrease in revenue was primarily due to a significant drop in Pontoon boat sales, and a slight decrease in sales of UTV, ATV and e-bikes.
Oaktree Solutions Launches Oaktree Sports Ventures; Taps Jayson Willams to Lead Effort
The global public affairs and venture consulting firm has tapped former NBA All-Star Jayson Williams as managing director of Sports Ventures. Williams will also advise Oaktree’s corporate and non-profit clients on engaging the athletic community and addressing issues of mental health and wellbeing.
Newton Golf Narrows Q3 Net Loss as Year-Over-Year Sales Growth Surged
The company, previously know as Sacks Parente Golf, posted a net loss of $1.06 million in the quarter, compared to a net loss of $1.2 million in the year-ago Q3 period. Revenue was $1.2 million in the third quarter, an increase of 1,175 percent year-over-year.
