FST Corp. Reports Significant Spike in Sales Following Tournament Wins in 2024
FST Corp. (KBSX) reported significant sales growth correlated with professional golf tournament wins using their shafts in 2024. The company saw impressive results across multiple tours:
- PGA Tour: 6 tournament wins led to 40.3% sales increase in post-tournament periods - LIV Tour: 2 tournament wins resulted in 47.0% sales growth - LPGA Tour: 8 victories drove 3.4% sales increase
Overall, FST experienced a 23.6% increase in two-week post-tournament sales across all 16 tournaments compared to 2023. The company projects a 35% total revenue growth for 2024 versus 2023. CEO David Chuang attributes this success to R&D and manufacturing advances in shaft technology, with the company's products securing over 90 wins across various tours from 2021-2024.
FST Corp. (KBSX) ha registrato una crescita significativa delle vendite correlata alle vittorie nei tornei professionistici di golf ottenute con le loro shaft nel 2024. L'azienda ha ottenuto risultati impressionanti in diversi circuiti:
- PGA Tour: 6 vittorie nei tornei hanno portato a un aumento delle vendite del 40,3% nei periodi post-torneo
- LIV Tour: 2 vittorie nei tornei hanno determinato una crescita delle vendite del 47,0%
- LPGA Tour: 8 successi hanno generato un incremento delle vendite del 3,4%
Nel complesso, FST ha registrato un aumento del 23,6% delle vendite nelle due settimane successive ai 16 tornei rispetto al 2023. L'azienda prevede una crescita totale dei ricavi del 35% per il 2024 rispetto al 2023. Il CEO David Chuang attribuisce questo successo ai progressi nella ricerca e sviluppo e nella produzione della tecnologia delle shaft, con i prodotti dell'azienda che hanno conquistato oltre 90 vittorie in vari tornei dal 2021 al 2024.
FST Corp. (KBSX) reportó un crecimiento significativo en ventas relacionado con las victorias en torneos profesionales de golf utilizando sus shafts en 2024. La compañía obtuvo resultados impresionantes en varios tours:
- PGA Tour: 6 victorias en torneos condujeron a un aumento del 40.3% en ventas en los periodos posteriores a los torneos
- LIV Tour: 2 victorias resultaron en un crecimiento del 47.0% en ventas
- LPGA Tour: 8 triunfos impulsaron un incremento del 3.4% en ventas
En general, FST experimentó un aumento del 23.6% en ventas durante las dos semanas posteriores a los 16 torneos en comparación con 2023. La compañía proyecta un crecimiento total de ingresos del 35% para 2024 frente a 2023. El CEO David Chuang atribuye este éxito a los avances en I+D y fabricación en la tecnología de shafts, con los productos de la empresa asegurando más de 90 victorias en varios tours entre 2021 y 2024.
FST Corp. (KBSX)는 2024년 자사 샤프트를 사용한 프로 골프 대회 우승과 연계된 매출 성장세를 보고했습니다. 회사는 여러 투어에서 인상적인 성과를 보였습니다:
- PGA 투어: 6회 대회 우승으로 대회 후 기간 매출이 40.3% 증가
- LIV 투어: 2회 대회 우승으로 매출이 47.0% 성장
- LPGA 투어: 8회 우승으로 매출이 3.4% 증가
전반적으로 FST는 2023년 대비 16개 대회 후 2주간 매출이 23.6% 증가했습니다. 회사는 2024년 총 매출이 2023년 대비 35% 성장할 것으로 전망합니다. CEO 데이비드 창은 이 성공을 샤프트 기술의 연구개발 및 제조 진보 덕분으로 보고 있으며, 2021년부터 2024년까지 다양한 투어에서 90회 이상의 우승을 기록했다고 밝혔습니다.
FST Corp. (KBSX) a enregistré une croissance significative des ventes liée aux victoires dans des tournois professionnels de golf en 2024 grâce à leurs shafts. L'entreprise a obtenu des résultats impressionnants sur plusieurs circuits :
- PGA Tour : 6 victoires en tournoi ont conduit à une augmentation des ventes de 40,3 % dans les périodes post-tournoi
- LIV Tour : 2 victoires ont entraîné une croissance des ventes de 47,0 %
- LPGA Tour : 8 victoires ont généré une hausse des ventes de 3,4 %
Dans l'ensemble, FST a connu une augmentation de 23,6 % des ventes dans les deux semaines suivant les 16 tournois comparé à 2023. L'entreprise prévoit une croissance totale du chiffre d'affaires de 35 % pour 2024 par rapport à 2023. Le PDG David Chuang attribue ce succès aux avancées en R&D et en fabrication dans la technologie des shafts, les produits de la société ayant remporté plus de 90 victoires sur divers circuits entre 2021 et 2024.
FST Corp. (KBSX) meldete ein signifikantes Umsatzwachstum, das mit den Siegen bei professionellen Golfturnieren 2024 mit ihren Schaftprodukten korreliert. Das Unternehmen erzielte beeindruckende Ergebnisse in mehreren Touren:
- PGA Tour: 6 Turniersiege führten zu einem Umsatzanstieg von 40,3 % in den Nachturnierperioden
- LIV Tour: 2 Turniersiege resultierten in einem Umsatzwachstum von 47,0 %
- LPGA Tour: 8 Siege führten zu einem Umsatzanstieg von 3,4 %
Insgesamt verzeichnete FST einen Umsatzanstieg von 23,6 % in den zwei Wochen nach den 16 Turnieren im Vergleich zu 2023. Das Unternehmen prognostiziert für 2024 ein Gesamtumsatzwachstum von 35 % gegenüber 2023. CEO David Chuang führt diesen Erfolg auf Fortschritte in Forschung, Entwicklung und Fertigung der Schafttechnologie zurück, wobei die Produkte des Unternehmens zwischen 2021 und 2024 über 90 Siege in verschiedenen Touren erzielten.
- Post-tournament sales increased by 40.3% after PGA Tour wins
- 47% sales growth following LIV Tour victories
- Projected 35% total revenue growth for 2024
- Over 90 tour wins across major golf tours from 2021-2024
- Strong correlation between professional wins and revenue growth
- LPGA Tour victories resulted in only 3.4% sales increase, significantly lower than other tours
Insights
FST Corp shows 23.6% sales boost following tournament wins, projecting 35% revenue growth for 2024 from professional validation strategy.
FST Corp's data reveals a fascinating revenue acceleration pattern directly tied to professional golf victories. Following six PGA Tour wins in 2024, the company experienced post-tournament sales increases ranging from 9% to 102%, averaging a 40.3% boost compared to equivalent periods in 2023. Their LIV Tour presence yielded even stronger results, with a 47% sales increase following two tournament victories.
The LPGA Tour impact shows a more modest 3.4% lift despite delivering the most wins (eight), highlighting significant commercial value disparities between men's and women's golf circuits. Across all 16 tournament victories, FST averaged a 23.6% sales improvement in the two-week periods following wins.
This correlation validates FST's product-focused strategy where R&D investments translate to measurable performance advantages (improved launch angles, trajectory control, and distance), which drive professional adoption and consumer purchasing behavior. The company's 90+ professional wins since 2021 demonstrates consistent product performance.
Most impressive is CEO David Chuang's projection of 35% year-over-year revenue growth for 2024, suggesting these tournament-related spikes contribute to sustained business momentum rather than creating mere temporary sales blips. The data points to a virtuous business cycle where technical innovation drives professional success, which subsequently fuels consumer demand.
BOULDER, CO, May 08, 2025 (GLOBE NEWSWIRE) -- FST Corp. (Nasdaq: KBSX), a leading manufacturer and marketer of steel and graphite golf shafts and a provider of other golf-related services, today reported a positive correlation between professional golf tour wins by golfers using the company’s golf shafts, and ensuing company revenue.
On the 2024 PGA Tour, golfers using clubs made with the company’s KBS-branded shafts achieved wins in six tournaments – the Mexico Open, Valero Texas Open, Zurich Classic of New Orleans, Myrtle Beach Classic, Charles Schwab Challenge, and Rocket Mortgage Classic. In the two-week periods directly following these tournaments, the company achieved increases in sales of its golf shafts ranging from 9 to 102 percent compared to the identical 14-day periods in 2023.
Cumulatively, in the two-week periods immediately following these tour victories, FST achieved a 40.3 percent increase compared to the same 14-day periods in 2023.
During the 2024 LIV tour, golfers using clubs made with the company’s shafts achieved wins in two tournaments -- the LIV Golf Las Vegas Event and the LIV Golf Miami Event. In the two-week periods directly following these tournaments, the company achieved cumulative increases in sales of its golf shafts of 47.0 percent compared to the identical 14-day periods in 2023.
The 2024 LPGA Tour featured eight victories by golfers using the company’s shafts, with a cumulative 3.4 percent increase in two-week post-tournament shaft sales compared to the same 14-day periods in 2023.
Total two-week post-tournament sales improvements across all 16 tournaments in 2024 were 23.6 percent compared to the same period in 2023.
“This data, we believe, demonstrates a substantial correlation between the success of our shafts on the professional tour, and an improvement in revenue compared to the same year-ago periods,” said FST chief executive David Chuang. “We further believe that the success of our shafts on the professional tour is largely the result of our R&D and manufacturing advances, which have produced demonstrable achievements in improved launch angle, superior control of golf ball trajectory, and enhanced shot distance without increased shaft weight.”
Mr. Chuang said that the above-stated improvements in revenue are continuing to make “a strong contribution to the company’s overall revenue performance.”
Total revenue for 2024, he said, is projected to show an improvement of about 35 percent over 2023 levels.
From 2021 through 2024, the company’s shafts achieved over 90 wins across the PGA Tour, LPGA, LIV, Korn Ferry Tour, and Presidents Cup Team.
About FST Corp.
Founded in 1992, FST Corp. manufactures and sells golf club shafts, along with other golf-related items, to golf equipment brands, OEMs, distributors, and consumers via the company’s KBS Golf Experience retail outlets. FST’s equipment, marketed under the KBS brand, is utilized by golfers at all levels, including many professional players participating in the PGA and other major golf associations. The company’s product portfolio, retail presence, and golf-related services are part of a vertically integrated business model that has established the KBS brand on a global scale and created significant competitive advantages over peer brands. The company’s growth strategies currently position it for expansion into the PRC and other under-tapped golf shaft markets.
Forward-Looking Statements
This press release contains forward-looking statements regarding future expectations, plans, and prospects, as well as statements that are not historical facts. These statements involve known and unknown risks, uncertainties, and assumptions based on the Company’s current expectations about events that may impact its financial condition, results, strategy, and needs. Forward-looking statements can often be identified by terms such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely,” and similar expressions.
The Company assumes no obligation to update or revise these statements to reflect new events or changes in expectations, except as required by law. While these statements reflect reasonable expectations, actual results may differ materially. Investors are encouraged to review the Company’s registration statement and SEC filings for additional information on factors that may impact future results.
Company Contact:
FST Corp.
No. 3 Industrial First Road
Minxiong Township,
Chiayi County, Taiwan
Office: +886-5-221-2555
Email: investorrelations@fstshafts.com
Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: info@skylineccg.com
FAQ
What is KBSX's projected revenue growth for 2024?
How many tournament wins did FST Corp's golf shafts achieve in PGA Tour 2024?
What was the sales increase after LIV Tour wins for KBSX in 2024?
How many total professional tour wins did FST Corp achieve from 2021 to 2024?
What was KBSX's overall post-tournament sales improvement in 2024?
