May 15, 2001 |
Callaway Golf Co., the maker of Big Bertha golf clubs, is licensing its name to sportswear maker Ashworth Inc. Financial terms weren't disclosed. Ashworth will create a line of men's and women's Callaway golf clothing to be sold in golf shops and department stores in the U.S., Canada, Europe, Australia, New Zealand and South Africa. The Callaway apparel will be introduced in the second half of 2002, the companies said. Callaway shares rose 48 cents to close at $24.
January 28, 2009 |
Callaway Golf Co. posted a loss that met Wall Street estimates but declined to give a fiscal 2009 outlook, given uncertainty over consumer spending and foreign currency rates. The golf equipment maker said its net loss in the fourth quarter was $3.2 million, or 5 cents a share, compared with a loss of $16.2 million, or 25 cents, a year earlier. Carlsbad-based Callaway, which has been improving its supply chain while cutting costs, said revenue fell 2% to $171.27 million. Callaway shares fell 4 cents to close at $8.76.
October 5, 2001 |
Callaway Golf Co., the largest U.S. golf club maker, sued Dunlop Slazenger Group Americas Inc. for allegedly infringing a golf ball patent. In a federal lawsuit filed in Wilmington, Del., the Carlsbad-based company said Dunlop infringed a Callaway ball design featuring dimples with different diameters that provide "steeper entry angles" and "greater low-speed lift." The design patent was issued in April. Closely held Dunlop, based in Greenville, S.C.
April 7, 2005 |
Callaway Golf Co. said preliminary earnings for its first-quarter were below analysts' expectations because of an 18% drop in sales. The company said it earned 26 cents to 28 cents a share, based on sales of $300 million. The figures compare with profit of 59 cents and sales of $364 million a year earlier. From Bloomberg News * Monsanto Co. said fiscal second-quarter profit more than doubled on sales of corn and soybean seeds and Roundup weed killer. Net income rose to $373 million, or $1.
April 12, 2006 |
Callaway Golf Co. warned that profit and revenue would miss Wall Street targets for the first quarter after the golf equipment maker delayed the release of products. The Carlsbad, Calif.-based company said it was expecting earnings per share excluding items of 34 cents to 36 cents on net sales of about $300 million. The company is scheduled to report first-quarter results April 26.
November 2, 2007 |
High-end golf club maker Callaway Golf Co. said it swung to a third-quarter profit on higher sales of its new products. Net income rose to $1.3 million, or 2 cents a share, from a loss of $11.9 million, or 18 cents, during the same period last year, the Carlsbad company said. Revenue rose 22% to $235.5 million. Excluding one-time items, net income for the quarter was 6 cents a share, ahead of 2 cents a share expected by analysts surveyed by Thomson Financial. Shares rose 12 cents to $16.
May 6, 1999 |
Callaway Golf Co. and Spalding Sports Worldwide Inc. said Wednesday that they have settled a trademark lawsuit the Carlsbad golf club maker filed against Spalding last year in federal court in Santa Ana. Financial terms were not disclosed, but Spalding said it has agreed to phase out a line of golf balls that it had advertised as being specially made to perform well with Callaway clubs.
July 24, 2003 |
Top-Flite Golf Co., which filed for bankruptcy protection last month along with parent Spalding Holdings Corp., will be sold at auction Sept. 3, a judge ruled. U.S. Bankruptcy Judge Mary Walrath in Wilmington, Del., gave a $125-million offer by Callaway Golf Co. the inside track in the competition. Adidas-Salomon, the world's second-largest sporting-goods maker, also has made a bid, and at least four other companies have expressed interest in Top- Flite. Bidding closes Aug. 27.
May 16, 2001 |
Ely Callaway, the 81-year-old founder of Callaway Golf Co., retired as chief executive and president, citing health problems. Ron Drapeau, senior executive vice president of manufacturing, was named to succeed him in those positions, effective immediately, the Calabasas-based company said. Callaway, who had planned to step down later this year, will remain as chairman. Last month, a tumor was discovered on his pancreas during surgery to remove his gall bladder.