Key Developments: Callaway Golf Co (ELY)
6.60USD
17 Jun 2013
$0.03 (+0.46%)
$6.57
$6.63
$6.68
$6.55
260,420
569,879
$7.30
$5.20
Latest Key Developments (Source: Significant Developments)
Callaway Golf Co Lowers FY 2013 Revenue Guidance; Reaffirms FY 2013 EPS Guidance; Lowers H1 2013 Revenue Guidance; Raises H1 2013 EPS Guidance
Callaway Golf Co announced that for fiscal 2013, it expects net sales of $830 million and non-GAAP pro-forma net income to be breakeven with a non-GAAP pro forma loss per share of $0.04. For first half of 2013, it expects to be $450 million and non-GAAP pro forma earnings per share to be approximately $0.44 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report $851 million for fiscal 2013. revenue of $287 million for first quarter of 2013 and revenue of $274 million for second quarter of 2013; EPS of $0.21 for first quarter of 2013 and EPS of $0.13 for second quarter of 2013. Full Article
Callaway Golf Co Declares Quarterly Dividends
Callaway Golf Co announced that it has declared a regular quarterly cash dividend of $0.01 per share on Common Stock. The dividend is payable on June 17, 2013 to shareholders of record at the close of business on May 21, 2013. The Company also declared a regular quarterly cash dividend of $1.875 per share on 7.50% Series B Cumulative Perpetual Convertible Preferred Stock. The dividend is payable on June 17, 2013 to shareholders of record as of May 21, 2013. Full Article
Callaway Golf Co Issues FY, H1 2013 Guidance; Earnings Guidance below Analysts' Estimates
Callaway Golf Co announced that for fiscal 2013, it expects net sales of approximately $850 million and non-GAAP pro-forma net income to be breakeven with a non-GAAP pro forma loss per share of $0.04. For first half of 2013, it expects to be approximately $555 million compared to $566 million in 2012. Non-GAAP pro forma net income to be approximately $28 million (an increase of 33% compared to $21 million for the same period last year) and that non-GAAP pro forma earnings per share to be approximately $0.33 per share as compared to $0.25 per share for the first half of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report $853 million net income of $2.8 million and EPS of $0.01 for fiscal 2013. revenue of $287 million for first quarter of 2013 and revenue of $283 million for second quarter of 2013; net income of $21 million for first quarter of 2013 and net income of $17 million for second quarter of 2013; EPS of $0.24 for first quarter of 2013 and EPS of $0.19 for second quarter of 2013. Full Article
Callaway Golf Co Declares Quarterly Dividends
Callaway Golf Co announced that it declared a regular quarterly cash dividend of $0.01 per share on its Common Stock. The dividend is payable on March 15, 2013 to shareholders of record at the close of business on February 22, 2013. The Company also declared a regular quarterly cash dividend of $1.875 per share on its 7.50% Series B Cumulative Perpetual Convertible Preferred Stock. The dividend is payable on March 15, 2013 to shareholders of record as of February 22, 2013. Full Article
Callaway Golf Co Lowers FY 2012 Guidance
Callaway Golf Co announced that for fiscal 2012, it expects net sales will range from $830-$845 million compared and pro-forma loss per share will range from $0.73-$0.83. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $851 million and EPS of $(0.61) for fiscal 2012. Full Article
Callaway Golf Co Declares Quarterly Dividends
Callaway Golf Co announced that it has declared a regular quarterly cash dividend of $0.01 per share on its Common Stock. The dividend is payable on December 17, 2012 to shareholders of record at the close of business on November 21, 2012. The Company also declared a regular quarterly cash dividend of $1.875 per share on its 7.50% Series B Cumulative Perpetual Convertible Preferred Stock. The dividend is payable on December 17, 2012 to shareholders of record as of November 21, 2012. Full Article
Callaway Golf Company Lowers FY 2012 Revenue Guidance; Reaffirms FY 2012 EPS Guidance
Callaway Golf Company announced that for fiscal 2012, it expects net sales to be in the range from $835 to $865 million. The Company's estimated decline in net sales includes the impact of actions taken by the Company during the first half of the year to streamline its business, including the sale of the Top-Flite and Ben Hogan brands and the transition of its footwear and apparel businesses to a licensing model. The Company also reiterated its earnings guidance, estimating that full year pro-forma loss per share will range from $0.55 to $0.75. These pro forma estimates exclude from 2012 benefits and charges associated with the sale of the Top Flite/Ben Hogan brands, non-cash tax adjustments, and the cost-reduction initiatives and exclude from 2011 charges relating to a non-cash impairment of assets, non-cash tax adjustments, global operations strategy, restructuring, and the gain on the sale of buildings in 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $890 million and EPS of $(0.60) for fiscal 2012. Full Article
Callaway Golf Company Declares Quarterly Dividends
Callaway Golf Company announced that its declared a regular quarterly cash dividend of $0.01 per share on its Common Stock. The dividend is payable on September 17, 2012 to shareholders of record at the close of business on August 20, 2012. The Company also declared a regular quarterly cash dividend of $1.875 per share on its 7.50% Series B Cumulative Perpetual Convertible Preferred Stock. The dividend is payable on September 17, 2012 to shareholders of record as of August 20, 2012. Full Article
Callaway Golf Company To Cut Workforce By 12%; Sells Top-Flite And Ben Hogan Brands-Reuters
Reuters reported that Callaway Golf Company, grappling with weak demand for golf equipment, plans to cut 12% of its workforce to reduce costs. Callaway said the job cuts would impact all regions and levels of organization and that the cost-cutting initiative would sharpen its focus on its core brands, Callaway and Odyssey. Callaway expects to record a $40 million pretax charge over the next 12 months related to the layoffs. The Company has also sold its Top-Flite and Ben Hogan brands, licensed its North American apparel business and made changes in its senior management. Full Article
Callaway Golf Company Lowers FY 2012 EPS Guidance; Issues Q2, H1 2012 Guidance
Callaway Golf Company announced that for fiscal 2012, it expects pro forma loss per share (EPS) of $0.55-$0.75. For second quarter of 2012, it expects net sales of $280 million, Pro forma earnings per share (EPS) estimated at $0.05 per share and GAAP earnings per share is estimated at breakeven. For first half of 2012, it expects net sales at $565 million, Pro forma earnings per share at $0.25 per share and GAAP earnings per share estimated at $0.41 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $(0.63) for fiscal 2012; revenue of $286 million, EPS of $0.05 for second quarter of 2012; revenue of $285 million, EPS of $0.18 for first quarter of 2012. Full Article
Game's future tied to Olympics, says Palmer
ORLANDO, Florida - Already a global sport, golf's future lies in the growth of the international game and a return to the Olympics, seven-times major winner Arnold Palmer said on Friday.
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