Last $7.91 USD
Change Today -0.09 / -1.12%
Volume 630.7K
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As of 8:04 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

callaway golf company (ELY) Key Developments

Callaway Golf Company Announces New Line of Golf Clubs Built for Outrageous Speed

Callaway Golf Company announced a new line of golf clubs built for outrageous speed: the XR Drivers, XR Fairway Woods, XR Hybrids and the XR Irons. The new clubs feature innovations in each product category that promote speed and power, including the new Speed Step Crown in the XR Driver that maximizes -- along with the driver shape -- aerodynamic efficiency, and Cup 360 in the XR Irons, making it the first high speed, cavity back, cup-faced iron. XR Drivers, Fairway Woods, Hybrids and Irons will each include a standard and pro model to offer a range of options to golfers. The first XR clubs will be available online and at retailers nationwide beginning in February.

Odyssey Golf Reveals Odyssey Works Putter Line

Odyssey Golf, a brand of Callaway Golf Company announced the new Odyssey Works line of putters. Odyssey Works represents a new high performance technology platform where feel meets roll. Odyssey Works putters, available nationwide on January 30, 2015, combine a new Fusion RX insert with the company's major-winning Versa alignment, and Tour-proven head shapes like the #1 Wide and the #7. Odyssey also revealed a new head shape, the 2-Ball Fang. It is the company's most accurate 2-Ball of all time. Odyssey Works Putters will be available at golf retailers nationwide and on company website. The new product introduction price starts at $179.99.

Callaway Golf Company Announces Chrome Soft Golf Ball

Callaway Golf Company officially announced the new Chrome Soft Golf Ball, a product the company will completely redefine golf ball performance and change the category. Chrome Soft is the only ball that has the new proprietary SoftFast Core with low compression and the Tour Urethane cover. This leads to low spin off the tee for incredible ball speed and distance, a low 65 compression to compress the ball on iron shots for incredibly soft feel, and excellent control for aggressive shots into the green. With Chrome Soft, golfers no longer have to choose between great feel and hitting the ball farther. Chrome Soft will be available at golf retailers nationwide on January 16, 2015 for $37.99 per dozen.

Callaway Golf Co. Revises Earnings Guidance for the Year 2014 and Provides Earnings Guidance for the Year 2015

Callaway Golf Co. revised earnings guidance for the year 2014 and reaffirmed earnings guidance for the year 2015. For the year 2014, the company is reaffirming its revenue guidance of approximately $890 million or an increase of 6% compared to $843 million in 2013. The company is increasing earnings guidance, however, from a range of $0.15 to $0.18 per share to a range of $0.17 to $0.19 within the adverse currency impact being more than offset by better market performance in revenues, hedging program and better expense management. 2014 guidance shows delivering revenue growth of approximately 6% on a GAAP basis or 7% currency neutral. The company expects to deliver first profit since 2008. For the year 2015, the 7% change in FX rates over the past 2 months, however, is having a more significant impact on original 2015 estimate, which is unhedged at this time, with revenue projections being negatively impacted by $31 million and earnings per share by $0.26. If rates were to stay at these levels throughout the year or if the company to lock in at these rates, the company would estimate a modest decline in revenues compared to the 2014 estimates with earnings at approximately breakeven. Operating projections for 2015, however, on a currency-neutral basis remains the same as well as provided on last call, with revenues increasing 2% to 3% and earnings per share growth nearing 100% compared to 2014 expected results.

Callaway Golf Co., 2014 Guidance/Update Call, Dec 16, 2014

Callaway Golf Co., 2014 Guidance/Update Call, Dec 16, 2014

 

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