Callaway Golf News Release
February 5th, 2009 by PGA Golf Art
Callaway Golf News Release
A Collection of Callaway Golf News Release
Callaway Golf Company Announces Increase in 2008 Earnings
Tuesday, January 27, 2009 4:21 PM
CARLSBAD, Calif.–(BUSINESS WIRE)–Jan. 27, 2009–Callaway Golf Company (NYSE:ELY) today announced its financial results
for full year 2008. Highlights for the year include:
Net sales of $1.117 billion, which was the second highest sales level in
the Company’s history and only slightly less than the record sales of
$1.125 billion in 2007.
Gross profit was $486.8 million for 2008 (or 44% of net sales) compared
to $493.2 million (or 44% of net sales) in 2007. Excluding the impact of
the gross margin improvement charges, pro forma gross profit percentages
for both 2008 and 2007 would have been 45%.
Operating expenses …
Callaway Golf Company To Broadcast Full Year 2008 Financial Results
Wednesday, January 21, 2009 11:50 AM
CARLSBAD, Calif.–(BUSINESS WIRE)–Jan. 21, 2009–Callaway Golf Company (NYSE:ELY) announced today that it will release
its 2008 financial results on Tuesday afternoon, January 27, 2009. The
Company will subsequently hold a conference call with financial analysts
and investors to review the results at 2:00 p.m. PST that same day. The
call will be broadcast live over the Internet and can be accessed at www.callawaygolf.com.
To listen to the call, go to the website at least 15 minutes before the
call to register and for instructions on how to access the broadcast.
A replay of the conference call will be available approximately three
…
Callaway Golf Company Releases Preliminary Full Year 2008 Results
Tuesday, January 20, 2009 5:43 PM
CARLSBAD, Calif.–(BUSINESS WIRE)–Jan. 20, 2009–Callaway Golf Company (NYSE:ELY) today announced that, based on current
information, the Company’s full year net sales for 2008 are estimated to
be $1.117 billion compared to $1.125 billion in 2007. Consistent with
the Company’s recent earnings guidance, pro forma diluted earnings per
share for 2008 are estimated to range from $0.93 to $0.95 (on 63.8
million shares outstanding), an increase of approximately 6% compared to
pro forma diluted earnings per share of $0.89 in 2007 (on 67.5 million
shares outstanding).
Pro forma earnings results for 2008 exclude a non-cash, non-oper…
Callaway Golf’s Product Line Tops Golf Digest’s 2009 “Hot List”
Wednesday, January 14, 2009 1:03 PM
Callaway Golf Wins Medal Count in Annual Equipment Review for Third Straight YearCARLSBAD, Calif., Jan 14, 2009 (BUSINESS WIRE) — Callaway Golf Company (NYSE:ELY) once again took top honors within Golf
Digest’s annual “Hot List” issue. The Hot List is a comprehensive
golf equipment evaluation conducted by Golf Digest Publications’ team of
equipment editors, a board of scientists, 20 player panelists and a
group of prominent retailers. Together they examined 471 separate
entries for the 2009 Hot List, and when the results were posted,
Callaway Golf earned more medals than any other golf equipment
manufacturer for the third straight year…
Callaway Golf Announces Acquisition of uPlay
Monday, January 05, 2009 6:53 PM
CARLSBAD, Calif., Jan 05, 2009 (BUSINESS WIRE) — Callaway Golf Company today announced it has acquired uPlay, a Carlsbad,
California-based developer and marketer of technically superior consumer
electronics devices. The transaction, which was completed on December
31, 2008, is not expected to have a material effect on Callaway Golf
Company’s 2009 results. Terms of the deal are not being disclosed.
In January 2008, uPlay launched the uPro(TM), a distance measuring device
that features state-of-the-art technology to make it the most innovative
and effective product of its kind. With features that are unparalleled
in the industry, the uP…
Callaway Golf Signs Stuart Appleby
Monday, January 05, 2009 4:24 PM
CARLSBAD, Calif., Jan 05, 2009 (BUSINESS WIRE) — Callaway Golf Company (NYSE:ELY) today announced the signing of PGA Tour
veteran Stuart Appleby to a multi-year contract. Appleby, winner of
eight PGA Tour events, will endorse all Callaway Golf equipment and golf
balls, carry a Callaway Golf branded bag and feature the Company’s logo
on his headwear.
“Stuart is a quality person who embodies everything Callaway Golf looks
for in a partner,” said Nick Raffaele, Vice President of Sports
Marketing, Callaway Golf. “He’s a proven winner and we’re excited to
have him on our staff as he pursues more success on the PGA Tour and
ultimate…
Injunction Against Infringing Pro V1 Golf Balls Stays in Effect
Tuesday, December 23, 2008 6:19 PM
Callaway Golf Prevails Against Acushnet in the Court of AppealsCARLSBAD, Calif., Dec 23, 2008 (BUSINESS WIRE) — Callaway Golf (NYSE: ELY) today announced that a three judge panel of
the United States Court of Appeals for the Federal Circuit has denied a
request by The Acushnet Company, the golf business of Fortune Brands,
Inc., to stay a previously-granted permanent injunction to stop sales of
infringing Titleist Pro V1 golf balls. The injunction is effective
January 1, 2009, and reaches Acushnet and those acting together with
Acushnet.
Two courts have now validated the injunction against infringing Pro V1
golf balls, effective Januar…
Pro Golfers and Celebrities Pair Up in Charity Golf Tournament
Monday, December 15, 2008 8:05 AM
Callaway Golf Foundation’s Pro-Celebrity Tournament to Benefit the
Entertainment Industry Foundation’s Cancer Research Initiatives
CARLSBAD, Calif., Dec. 15 /PRNewswire-FirstCall/ — The Callaway Golf
Foundation will host the second professional/celebrity golf tournament, the
Callaway Golf Foundation Challenge, at the historic Riviera Country Club in
Los Angeles on December 15. The tournament will benefit groundbreaking cancer
research projects supported by the Entertainment Industry Foundation (EIF).
The significant fundraising event pairs leading professional golfers with
celebrated actors, chief business leaders and entertainment industry
executives for a round of go…
Trade in Old Golf Clubs for New Callaway Clubs
Monday, December 01, 2008 4:21 PM
A Great Holiday Gift May be as Close as Your Garage
CARLSBAD, Calif.–(BUSINESS WIRE)–Dec. 1, 2008–As the holiday shopping season gets underway, Callaway Golf (NYSE:ELY)
today reintroduced its Trade In! Trade Up! program. The
program allows consumers to exchange their old, used Callaway Golf or
other major brand clubs for a credit toward the purchase of the latest
Callaway Golf equipment, including the new FT-iQ(TM) driver.
“Considering the current economic climate, this is a perfect time to
take advantage of this money-saving program,” said Ira Williams, Vice
President and General Manager, Callaway Golf Interactive. “Our Trade
…
Callaway Golf Company Declares Dividend
Tuesday, November 18, 2008 4:34 PM
CARLSBAD, Calif., Nov 18, 2008 (BUSINESS WIRE) — Callaway Golf Company (NYSE:ELY) announced today that the Board of
Directors has declared a dividend of $.07 per share, payable December
17, 2008, to shareholders of record as of December 3, 2008.
About Callaway Golf
Through an unwavering commitment to innovation, Callaway Golf Company
(NYSE:ELY) creates products and services designed to make every golfer a
better golfer. Callaway Golf Company manufactures and sells golf clubs
and golf balls, and sells golf accessories, under the Callaway Golf(R),
Odyssey(R), Top-Flite(R), and Ben Hogan(R) brands in more than 110 countries
worldwide….
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