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.
July 8, 2001 |
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.
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.
October 31, 2008 |
Callaway Golf Co. said it swung to a third-quarter loss as consumers cut back on purchases of discretionary goods and shifted to lower-priced models of the company's golf clubs and balls. Carlsbad, Calif.-based Callaway reported a net loss of $7.4 million, or 12 cents a share, compared with net income of $1.3 million, or 2 cents, a year earlier. Analysts surveyed by Thomson Reuters had forecast a narrower loss in the latest period of 9 cents a share. Sales fell 9% to $213.