Edition:
United Kingdom

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%.