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.
February 1, 2008 |
Callaway Golf Co., the maker of Big Bertha drivers, reported a wider fourth-quarter loss as sales of wood clubs and golf balls fell. The loss was $16.2 million, or 25 cents a share, compared with $10.2 million, or 15 cents, a year earlier, Carlsbad-based Callaway said. Sales of $174.4 million beat the average $164 million estimate among eight analysts surveyed by Bloomberg. Gains in sales of accessories and putters couldn't offset declines in the wood club and golf ball units.
August 18, 1999 |
Ely Callaway, the colorful founder of Callaway Golf Co., designated a successor to take over for him as chief executive of the golf club maker when he retires, which could be between now and next year. Chuck Yash, who has been president and chief executive of Callaway's subsidiary, Callaway Golf Ball Co., will serve as president of the Carlsbad-based parent in the meantime. Yash, 50, will also continue to head the golf ball unit, which will introduce its first product in January.
March 4, 1999 |
After laying off more than 700 employees in November, Callaway Golf said it's adding 130 manufacturing jobs at its new golf ball business over the next several months. "This is the first phase of what we hope will be many phases to come," Chuck Yash, president of Callaway Golf Ball Co., said this week. Carlsbad-based Callaway, the maker of Big Bertha golf clubs, has invested about $140 million in its brand-new golf ball business.