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.
May 4, 2007 |
Callaway Golf Co. said first-quarter profit rose as sales climbed 11%, and the company raised its outlook for the year. The maker of golfing equipment said net income rose to $32.8 million, or 48 cents a share, from $22.9 million, or 33 cents, a year earlier. Sales rose to $334.6 million. The company also raised its 2007 sales and earnings forecasts. Callaway said it expected 2007 sales of $1.05 billion to $1.07 billion, up from its earlier forecast of $1.04 billion.
February 9, 2007 |
Callaway Golf Co. reported a narrower fourth-quarter loss, attributing it to restructuring initiatives. For the three months ended Dec. 31, the Carlsbad, Calif., maker of golf clubs and balls posted a loss of $10.2 million, or 15 cents a share, compared with a loss of $18.7 million, or 27 cents, a year earlier. Revenue increased 6.4% to $179.9 million. Excluding one-time items, Callaway posted a loss of 11 cents a share, compared with a loss of 22 cents a year earlier.
October 18, 2006 |
Shares of Callaway Golf Co. slumped Tuesday after the maker of golf equipment and apparel said it expected to post a wider third-quarter loss because of slow sales of its Top-Flite and Hogan brand products. Preliminary results indicate that the company widened its loss to 17 cents to 19 cents a share in the third quarter from 7 cents a year earlier. Excluding stock option expenses and other charges, Callaway said it expected to post a per-share loss of 12 cents to 14 cents.
July 27, 2006 |
Callaway Golf Co. of Carlsbad, Calif., said second-quarter profit jumped 23% but fell short of Wall Street expectations. Callaway said it earned $22.5 million, or 33 cents a share, compared with $18.4 million, or 27 cents, a year earlier. Results include 3 cents a share in stock-option costs and 2 cents in one-time charges. Excluding items, Callaway earned 38 cents a share, less than the 45 cents expected by analysts polled by Thomson Financial. Revenue grew 5.8% to $341.8 million.
April 27, 2006 |
Callaway Golf Co. said first-quarter profit rose 24%, helped by lower operating expenses and growing demand for wood golf clubs. The Carlsbad-based golf equipment maker, known for its Big Bertha line of clubs, said net income was $22.8 million, or 33 cents a share, compared with $18.4 million, or 27 cents, a year earlier. Results included 2 cents a share for stock-based compensation and 1 cent a share associated with the integration of the company's Top-Flite operations.
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.
January 26, 2006 |
Callaway Golf Co. posted a narrower loss in its fourth quarter, beating Wall Street estimates, as the company continued restructuring efforts and sales improved. The company said its net loss was $18.7 million, or 27 cents a share, compared with a loss of $28.5 million, or 42 cents, a year earlier. The results include a charge of 5 cents a share related to the integration of the company's Top-Flite operations and ongoing restructuring.