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.
June 13, 2007 |
Callaway Golf Co., maker of Top-Flite and Ben Hogan-brand golf equipment, sued Fortune Brands Inc.'s Acushnet Co., claiming it infringed five patents for golf clubs. Carlsbad, Calif.-based Callaway alleged that some of Acushnet's Titleist and Cobra brand drivers used "breakthrough" inventions patented since 2002, according to a lawsuit filed June 8 in federal court in Wilmington, Del. Clarkson Hine, a spokesman for Deerfield, Ill.-based Fortune Brands, didn't return calls seeking comment.
July 22, 1998
U.S. District Court in Santa Ana ruled that Callaway Golf Co. can proceed in its lawsuit against Evenflo & Spalding Holding Corp. The suit by Carlsbad-based Callaway contends that Spalding's packaging and advertising for its System C golf ball violate federal trademark and advertising laws because they contain an unauthorized image of Callaway's Great Big Bertha driver. Spalding was not immediately available for comment. Callaway had appealed an earlier ruling dismissing the suit.
January 8, 1999
Callaway Golf Co. has begun placing print teaser ads for a new line of premium clubs that it hopes will help revive its flagging fortunes. The ads offer few details, saying only: "Hawk Eye--Coming Soon--The Greatest Big Bertha Woods Ever." Callaway has been a favorite among golfers for its popular Big Bertha line of clubs and irons. But after years of steady profit, the Carlsbad-based manufacturer is cutting jobs and expects to post a loss for 1998 as competition has intensified.
December 15, 2007 |
Callaway Golf Co. and rival TaylorMade Golf Co. said they had settled all patent litigation over golf balls and clubs. Each firm will have certain rights to the other's golf-club and ball technology, they said. Carlsbad-based Callaway sued TaylorMade Golf, also based in Carlsbad, in August in federal court over patents on clubs and balls. Callaway, with $1.
May 6, 1999 |
Carlsbad-based Callaway Golf Co. this week settled a suit filed last year in U.S. District Court against Spalding Sports Worldwide Inc. that charged the sporting goods company with misappropriating Callaway's trademark and reputation to sell its golf balls. In its advertising, Spalding used images of Callaway's Big Bertha clubs, claiming that its Top Flite System C balls performed particularly well with the popular line of metal woods, a claim that Callaway says it did not endorse.
July 31, 2008 |
Callaway Golf Co. of Carlsbad said its second-quarter profit jumped 10% largely because of growth overseas. Net income increased to $37.1 million, or 58 cents a share, up from $36.6 million, or 53 cents, a year earlier. The company's revenue dropped to $366 million, down from $380 million in the second quarter of last year. The results exceeded Wall Street expectations. Analysts polled by Thomson Financial expected the company to earn 25 cents a share for the quarter. Shares of Callaway fell 4 cents to $13.63.
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.
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.