The company, a specialist in golf club shafts and related services, posted a net loss of $1 million—or 2 cents per share—for the quarter. While still operating in the red, this represents a notable improvement over the $3 million loss, or 7 cents per share, recorded during the same period last year. Total revenue reached $12.6 million, bolstered by strong performance in both steel and graphite aftermarket product lines.
FST Approves $3 Million Buyback Following Revenue Gains
FST’s board of directors has authorized a $3 million stock buyback program, signaling management's confidence in the company’s financial trajectory. This move follows a second-quarter report showing a 9.7% increase in revenue, even as the golf equipment manufacturer continues to trim its quarterly net losses.
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