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Callaway Golf Co

BUSINESS
April 12, 2006 | From Reuters
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.
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BUSINESS
November 2, 2007 | From Times Wire Reports
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.
BUSINESS
May 6, 1999 | Dow Jones
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.
BUSINESS
July 24, 2003 | From Bloomberg News
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.
BUSINESS
July 8, 2001 | James F. Peltz
Ely Callaway, a feisty, daring former textile executive and vintner who revolutionized golf for pros and duffers alike with oversized metal clubs and in the process built an $840-million company while in his 70s, died Thursday of pancreatic cancer. He was 82. Callaway, whose Big Bertha driver quickly became a staple in golfers' bags after its debut a decade ago, had retired as Callaway Golf Co.'s chief executive after the cancer was found in April but had remained chairman of the board.
BUSINESS
August 18, 1999 | A Times Staff Writer
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.
BUSINESS
March 4, 1999 | Associated Press
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.
BUSINESS
October 27, 2005 | From Times Staff and Wire Services
Callaway Golf Co. on Wednesday posted a narrower third-quarter loss as a 72% jump in sales exceeded Wall Street expectations, but earnings were hampered by restructuring costs. Carlsbad-based Callaway said it lost $4.8 million, or 7 cents a share, compared with a loss of $35.9 million, or 53 cents, a year earlier. Revenue rose to $220.6 million.
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