August 10, 2007 |
Their golf clubs regularly face off on the green, and now two of the biggest golf equipment manufacturers are facing off in court over another kind of green. Callaway Golf Co. has filed two suits accusing TaylorMade Golf Co. of violating its patents on three golf clubs and a ball-covering material. The maker of Big Bertha and Steelhead brand clubs is seeking monetary damages and an order that all the infringing TaylorMade products be destroyed.
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.
February 11, 2006 |
Callaway Golf Co. sued Fortune Brands Inc.'s Acushnet Co. unit over a patent for polyurethane covers on golf balls. Acushnet's Pro V1 golf balls infringe a patent for the covers on multilayer solid-core golf balls that have become the standard for balls used by professional golfers, Carlsbad, Calif.-based Callaway said in a lawsuit filed in federal court in Delaware. The suit seeks damages for lost profit and sales.