PXG achieves three-year revenue growth of 138%
NEW YORK, August 26, 2021 – Inc. magazine revealed that PXG - Parsons Xtreme Golf is No. 2,851 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses.
Founded by American entrepreneur and philanthropist Bob Parsons, PXG is dedicated to creating the world’s finest golf equipment and apparel. Parsons is an avid golfer and PXG embodies his belief that every new product should be noticeably better, improve performance, and elevate enjoyment of the game.
“PXG’s remarkable growth over the last three years is a result of our uncompromising focus on research and innovation, and unique direct to consumer distribution model,” PXG Founder and CEO Bob Parsons stated. “We are committed to developing the very best products and building a top-notch team so that our customers can enjoy an exceptional experience no matter how or where they play.”
PXG made its list debut at #123 in 2019. Since then, global excitement surrounding the brand has continued to accelerate. With a three-year revenue growth of 138%, PXG is one of only 334 consumer goods and services brands to make the list in 2021.
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Together, the Inc 5000 added more than 610,000 jobs over the past three years.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
More about Inc. and the Inc. 5000
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
About Parsons Xtreme Golf
American entrepreneur and philanthropist Bob Parsons founded PXG - Parsons Xtreme Golf - in 2014. Leveraging breakthrough technology and sophisticated manufacturing processes that integrate high-performance alloys, PXG produces some of the finest golf clubs in the world.
PXG's professional staff includes Zach Johnson, Pat Perez, Paul Barjon, Wyndham Clark, Joel Dahmen, James Hahn, Jim Herman, Sung Kang, Jason Kokrak, Scott Langley, Danny Lee, Luke List, Henrik Norlander, Seth Reeves, Kyle Stanley, Hudson Swafford, Lydia Ko, Celine Boutier, Austin Ernst, Mina Harigae, Megan Khang, Christina Kim, Katherine Kirk, Brittany Lang, Haley Moore, Ryann O'Toole, Gerina Piller, Jennifer Song, Mariah Stackhouse, and Linnea Strom.
PXG offers a complete lineup of right- and left-handed clubs, including drivers, fairway woods, hybrids, irons, wedges, and putters, as well as high-performance, sport fashion apparel and accessories.