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Callaway Golf Co (ELY.N)

ELY.N on New York Stock Exchange

18.08USD
25 Jun 2019
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Latest Key Developments (Source: Significant Developments)

JANA Partners Reports A Stake Of 9.22% In Callaway Golf
Thursday, 13 Jun 2019 

June 13 (Reuters) - JANA Partners: :JANA PARTNERS SAYS MAY TAKE STEPS THAT WIL NOT RESULT IN ACQUIRING CONTROL STAKE IN CALLAWAY GOLF'S SHARES, OR GROUPING WITH OTHER PARTY TO DO SO .JANA PARTNERS SAYS MAY TAKE STEPS THAT WIL NOT RESULT IN ENGAGING IN DEAL, SUCH AS MERGER, WITH CALLAWAY GOLF, OR ACQUIRING CALLAWAY GOLF'S ASSETS .JANA PARTNERS SAYS MAY TAKE STEPS THAT WIL NOT RESULT IN SEEKING TO "EXERT NEGATIVE CONTROL OVER THE IMPORTANT CORPORATE ACTIONS" OF CALLAWAY GOLF CO .JANA PARTNERS LLC REPORTS A STAKE OF 9.22% IN CALLAWAY GOLF AS OF JUNE 3, 2019 - SEC FILING.JANA PARTNERS LLC SAYS ACQUIRED CALLAWAY GOLF SHARES BECAUSE THEY BELIEVE THE SHARES ARE UNDERVALUED.JANA PARTNERS SAYS INTENDS TO DISCUSS WITH CALLAWAY GOLF'S BOARD REGARDING STRATEGIC ALTERNATIVES INCLUDING EXPLORING SALE OR ASSET DIVESTITURES.JANA PARTNERS LLC - MAY ALSO TAKE STEPS INCLUDING EXERCISE RIGHT TO PROPOSE NEW DIRECTORS FOR CALLAWAY GOLF'S BOARD.  Full Article

Jana Partners Reports A Stake Of 9.22% In Callaway Golf As Of June 3, 2019
Thursday, 13 Jun 2019 

June 13 (Reuters) - Callaway Golf Co ::JANA PARTNERS LLC REPORTS A STAKE OF 9.22% IN CALLAWAY GOLF AS OF JUNE 3, 2019 - SEC FILING.JANA PARTNERS LLC SAYS ACQUIRED CALLAWAY GOLF SHARES BECAUSE THEY BELIEVE THE SHARES ARE UNDERVALUED.JANA PARTNERS SAYS INTENDS TO DISCUSS WITH CALLAWAY GOLF'S BOARD REGARDING STRATEGIC ALTERNATIVES INCLUDING EXPLORING SALE OR ASSET DIVESTITURES.JANA PARTNERS SAYS MAY ALSO TAKE OTHER STEPS SUCH AS ACQUIRING CONTROL STAKE IN THE CALLAWAY GOLF'S SHARES, OR GROUPING WITH OTHER PARTY TO DO SO.JANA PARTNERS SAYS MAY ALSO ENGAGE IN DEAL, SUCH AS MERGER, WITH CALLAWAY GOLF, OR ACQUIRE MATERIAL AMOUNT OF CALLAWAY GOLF'S ASSETS.JANA PARTNERS LLC - MAY ALSO TAKE STEPS INCLUDING EXERCISE RIGHT TO PROPOSE NEW DIRECTORS FOR CALLAWAY GOLF'S BOARD.JANA PARTNERS SAYS MAY ALSO SEEK TO "EXERT NEGATIVE CONTROL OVER THE IMPORTANT CORPORATE ACTIONS" OF CALLAWAY GOLF CO.  Full Article

Callaway Golf Co Reports Q1 Non-GAAP Earnings Per Share $0.63
Thursday, 9 May 2019 

May 9 (Reuters) - Callaway Golf Co ::CALLAWAY GOLF COMPANY ANNOUNCES RECORD FIRST QUARTER NET SALES AND RAISES FULL YEAR EARNINGS PER SHARE GUIDANCE.Q1 NON-GAAP EARNINGS PER SHARE $0.63.Q1 GAAP EARNINGS PER SHARE $0.50.Q1 EARNINGS PER SHARE ESTIMATE $0.48 -- REFINITIV IBES DATA.SEES FY 2019 NON-GAAP EARNINGS PER SHARE $0.96 TO $1.06.QTRLY NET SALES $516 MILLION VERSUS $403 MILLION.CALLAWAY GOLF - CURRENTLY ESTIMATES THAT NON-CASH PURCHASE ACCOUNTING ADJUSTMENTS TO HAVE NEGATIVE IMPACT ON 2019 EPS IN AMOUNT OF $0.09 TO $0.16.SEES 2019 NON-GAAP NET SALES $1,670 MILLION - $1,700 MILLION.SEES 2019 NET SALES $1,670 MILLION TO $1,700 MILLION.FOREIGN CURRENCY EXCHANGE RATES IN 2019 EXPECTED TO HAVE A NEGATIVE $35 MILLION IMPACT ON 2019 FULL YEAR NET SALES COMPARED TO 2018.COMPANY REVISED FIRST HALF 2019 GUIDANCE FOR NET SALES, NON-GAAP EARNINGS PER SHARE, AND ADJUSTED EBITDA.FY2019 EARNINGS PER SHARE VIEW $0.99 -- REFINITIV IBES DATA.EXPECTS FIRST HALF NET SALES GROWTH OF 17% - 19% COMPARED TO 2018.Q1 REVENUE VIEW $504.4 MILLION -- REFINITIV IBES DATA.FY2019 REVENUE VIEW $1.68 BILLION -- REFINITIV IBES DATA.COMPANY INCREASED FIRST HALF 2019 ADJUSTED EBITDA GUIDANCE TO $142 MILLION - $148 MILLION.INCREASED ITS NON-GAAP EARNINGS PER SHARE GUIDANCE TO $0.84 - $0.89 FOR FIRST HALF 2019.COMPANY REITERATED ITS FULL YEAR 2019 ADJUSTED EBITDA GUIDANCE.COMPANY REITERATES ITS PREVIOUS GUIDANCE FOR FULL YEAR 2019 NET SALES GROWTH OF 34% - 37%.  Full Article

Callaway Golf Co Announces Q4 Loss Per Share $0.20
Wednesday, 7 Feb 2018 

Feb 7 (Reuters) - Callaway Golf Co ::MPANY ANNOUNCES FULL YEAR 2017 FINANCIAL RESULTS, REFLECTING 20% SALES GROWTH AND SIGNIFICANT INCREASES IN OPERATING PERFORMANCE AND CASH GENERATION; AND PROVIDES 2018 FINANCIAL GUIDANCE.Q4 LOSS PER SHARE $0.20.Q4 NON-GAAP LOSS PER SHARE $0.15.Q4 SALES $192 MILLION VERSUS $164 MILLION.SEES Q1 2018 SALES UP 18 TO 21 PERCENT.PROJECTED FULL YEAR 2018 NET SALES ARE ESTIMATED TO INCREASE 6% - 8% COMPARED TO 2017.SEES FY 2018 SALES UP 6 TO 8 PERCENT.Q4 EARNINGS PER SHARE VIEW $-0.17, REVENUE VIEW $184.3 MILLION -- THOMSON REUTERS I/B/E/S.Q1 REVENUE VIEW $339.0 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $1.11 BILLION -- THOMSON REUTERS I/B/E/S.ESTIMATES THAT ITS 2018 GROSS MARGIN WILL BE APPROXIMATELY 50 BASIS POINTS HIGHER THAN 2017.SEES ‍FY 2018 EARNINGS PER SHARE OF $0.64 TO $0.70​ ON A GAAP BASIS.SEES ‍Q1 2018 EARNINGS PER SHARE OF $0.48 TO $0.52​ ON A GAAP BASIS.  Full Article

Callaway Golf Says Currently Owns About 14% Of Topgolf​- SEC Filing
Tuesday, 26 Dec 2017 

Dec 26 (Reuters) - Callaway Golf Co ::CALLAWAY GOLF SAYS ON DEC 26, TOPGOLF ANNOUNCED IT COMPLETED PRIVATE PLACEMENT IN WHICH CO INVESTED ADDITIONAL $20.0 MILLION‍​ IN TOPGOLF - SEC FILING.CALLAWAY GOLF - ‍AFTER INVESTMENT ANNOUNCED BY TOPGOLF ON DEC 26, CO ESTIMATES IT CURRENTLY OWNS ABOUT 14% OF TOPGOLF​.  Full Article

Callaway Golf says ‍on November 20, 2017, co, lenders amended and restated asset-based credit facility​ dated June 30, 2011
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Callaway Golf Co ::Callaway Golf Co - ‍on November 20, 2017, co, lenders amended and restated asset-based credit facility​ dated June 30, 2011 - SEC filing.Callaway Golf Co - ‍amended facility provides a senior secured asset-based revolving credit facility of up to $330 million​.  Full Article

Callaway Golf Co reports Q3 earnings per share $0.03
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Callaway Golf Co :Callaway Golf Company announces third quarter 2017 financial results including a 30% increase in net sales; Callaway increases full year net sales and earnings guidance.Q3 earnings per share $0.03.Q3 earnings per share view $-0.04 -- Thomson Reuters I/B/E/S.Sees FY 2017 non-GAAP earnings per share $0.47 to $0.51.Callaway Golf Co - ‍in Q3 of 2017, as compared to same period in 2016, company's net sales increased $56 million to $244 million​.Sees FY 2017 sales $1.03 billion to $1.04 billion.Callaway Golf Co - ‍Q3 2017 net sales of $244 million, a 30% increase compared to Q3 of 2016​.Q3 revenue view $209.9 million -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $0.44, revenue view $1.00 billion -- Thomson Reuters I/B/E/S.Callaway Golf - ‍ estimates changes in foreign currency rates to adversely affect projected 2017 net sales by about $10 million as compared to 2016 rates​.Callaway Golf Co - ‍currently estimates that its 2017 gross margin will be in-line with prior estimate​.Callaway Golf Co sees ‍2017 earnings per share $0.39 - $0.43​.  Full Article

Sancarin SL reports 5.15 pct passive stake in Callaway Golf
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Sancarin SL::Sancarin SL reports 5.15 percent passive stake in Callaway Golf Co as of Oct 5 - SEC filing‍​.  Full Article

Callaway Golf completes acquisition of TravisMathew for $125.5 mln
Monday, 21 Aug 2017 

Aug 21 (Reuters) - Callaway Golf Co :Callaway Golf Company completes acquisition of TravisMathew for $125.5 million and updates TravisMathew financial guidance.Callaway Golf Co - ‍net sales for full year 2017 are estimated to be $55-60 million for TravisMathew​.Callaway Golf Co - deal ‍is expected to be about $0.01 dilutive to Callaway's 2017 earnings per share​.Callaway Golf Co - ‍company expects that TravisMathew sales will contribute about $15 million to its second half 2017 financial results​.Callaway Golf Co - ‍in 2018, deal is expected to be slightly accretive to Callaway's 2018 earnings per share..FY 2017 revenue view $996.3 million -- Thomson Reuters I/B/E/S.  Full Article

Deluxe appoints Walter Schonfeld as President, Deluxe Distribution
Monday, 14 Aug 2017 

Aug 14 (Reuters) - Deluxe Corp :Deluxe appoints Walter Schonfeld as president, Deluxe Distribution.Deluxe corp - ‍robert Julian announced as company cfo​.Deluxe corp - Julian most recently served as chief financial officer of Callaway Golf​.  Full Article

Deals of the day-Mergers and acquisitions

June 13 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: