Rausch has been the business editor since September 2008, previously serving as senior business reporter. He joined the Chronicle in April 2007. He has written for newspapers in Napoleon, Ohio, Moline, Ill., and Lima, Ohio. He holds a bachelor of science in journalism from Ohio University (1992). In 2006, he received a second place award in business writing from the Association Press in Ohio.
Posted August 2, 2013 12:46 pm - Updated August 6, 2013 12:47 pm

Earnings statements suggest a golf surge

It is earnings season, and company releases tend to have a mass of financial jargon. In my reading of some of them, there were a couple of sentences of clarity.


“Club Car revenues increased due to growth in the golf car and utility vehicle markets,” says Ingersoll Rand in its quarterly earnings report.


“Industrial segment revenues increased ... largely due to higher volume of $33 million reflecting higher market demand, primarily in the golf, turf care and light transportation vehicle product lines,” says Textron, the owner of E-Z-Go, in its quarterly earnings report.


We know that Club Car and E-Z-Go have been making up for the losses in the golf market through the development and production of more electric vehicles for non-golf purposes. So it is also nice to see some indications that golf is on the rebound in terms of industry purchases.


MORE JOBS CALLING: Teleperformance is not just hiring in Augusta. Those new clients that are adding 130 workers to the Augusta call center are also the reason for the company adding 300 to 400 employees to its center in Hobart, Ind., which is near Chicago.


They are also hiring 300 people in Shreveport, La., according to news outlets.


Teleperformance hasn’t released the identity of the new clients at the root of this employee surge.


The company, which is based in Paris, released its earnings this week. It reported a 17 percent increase in profit for the first half of 2013, driven mainly by sales growth attributed to steady growth in U.S. and fast expansion in Latin America.