Several other institutional investors also recently bought and sold shares of … Callaway Golf Co. does not currently have any hardcopy reports on AnnualReports.com. CARLSBAD, Calif., Jan. 12, 2021 /PRNewswire/ -- Today Callaway Golf Company (NYSE: ELY), an industry leader in golf equipment and innovation, announced its new family of … Because of the company's success in producing easy to use, forgiving golf clubs for every player, there are many imitations. Each Rule 35 ball contains a unique synergy of distance, control, spin, feel and durability characteristics. [10], In 2003 Drapeau announced the company's intention to purchase Top-Flite Golf and its Ben Hogan Golf division, soon after it filed for Chapter 11 bankruptcy. Callaway Golf Co manufactures golf clubs. Callaway Golf (NYSE:ELY) was downgraded by equities research analysts at Compass Point from a “buy” rating to a “neutral” rating in a report released on Monday, Anlyst Ratings reports. Callaway sold the Top-Flite brand to Dick's Sporting Goods, citing declining sales, The company also produces clothing –through its subsidiary "Callaway Apparel"–. But as Callaway has steadily grown in recent years, it’s also evolved -- … For Callaway Golf profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Callaway Golf to generate income relative to revenue, assets, operating costs, and current equity. They settled on only two versions of the Rule 35 ball—choosing to develop a "complete-performance" ball rather than separate balls developed for spin, control, distance, and durability. On January 18, 2018 September 7, 2018 by wpadmin Posted in Video. [5], Callaway Golf Company was founded by former Burlington Industries textile president, Ely Callaway Jr. Callaway was raised in LaGrange, Georgia, and was a graduate of Emory University. The company invested $170 million in research and development, and construction of the 225,000-square-foot (20,900 m2) production facility. This list includes companies that produce sports equipment. In 1997, Odyssey Sports was acquired, expanding Callaway's line of putters. In 1998 he again became President and CEO of Callaway Golf Company, but died of pancreatic cancer on July 5, 2001. Another Callaway's subsidiary, "Cuater", produces golf shoes. The company provides a portfolio of brands, including Callaway Golf, Odyssey, OGIO, TravisMathew, and … In 1996, Callaway announced development of a new golf ball, under the leadership of Chuck Yash, the former head of Taylormade Golf. Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs and golf balls. The company's name was changed to its present name in 1988.[6]. Callaway Golf's unwavering commitment to innovation and the creation of new golf technologies is well-established. [16], In 2020, Joe Flannery was named Executive Vice President of Callaway. In February 1992, Callaway Golf went public on the New York Stock Exchange with a market capitalization of $250 million. [12] and the Ben Hogan brand to Perry Ellis International, with Callaway retaining several trademarks, including Apex and Edge. [11], In 2012, Oliver "Chip" Gordon Brewer III was named CEO of Callaway. Ely Callaway explained the company's product development objectives as follows: "We have combined all of the performance benefits into one ball so players no longer need to sacrifice control for distance, or feel, or durability. Donald H. Dye was named CEO and President. [7], In 1996, the company hired Roger Cleveland as chief club designer and in 2002, launched the Callaway Golf Forged Wedges, constructed from carbon steel with modified U-grooved faces.[8]. For Callaway Golf profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Callaway Golf to generate income relative to revenue, assets, operating costs, and current equity. It also makes Callaway golf balls, golf bags, and golf apparel. Callaway Golf Company employs 4,200 staff and has a trailing 12-month revenue of around USD$1.5 billion. Among his favorite club brands was Hickory Sticks USA, which was known for producing clubs with hickory shafts and steel cores. Callaway Golf Company is a leisure business based in the US. 2180 Rutherford Road, Carlsbad, CA 92008 (760) 931-1771 In 1985, the company hired Bruce Parker as head of sales, who later became the company's Chief Merchant and, through his tenure with Callaway Golf as head of sales, was responsible for sales in excess of $3.0 billion. This eliminates confusion and guesswork in trying to identify the golf ball that is right for each individual golfer."[9]. Callaway came about in the 1980s and today is one of the leading golf brands in the United States and beyond. These fundamental indicators attest to how well Callaway Golf utilizes its assets to generate profit and value for its shareholders. Callaway Golf (NYSE:ELY) hit a new 52-week high on Monday . 63 Foreign Worker $110,000 jobs available in California on Indeed.com. The name became its current Callaway Golf Company in 1988. Callaway Golf Company (the “Company” or “Callaway Golf”) was incorporated in California in 1982 with the main purpose of designing, manufacturing and selling high quality golf clubs. ExodusPoint Capital Management LP acquired a new position in Callaway Golf (NYSE:ELY) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. Callway markets its products in more than 70 countries worldwide. The Company became a publicly traded corporation in 1992, and in 1999, reincorporated in the state of Delaware. Compass Point’s price target would indicate a potential downside of 0.83% from the company’s previous close. The American company, based in Carlsbad, California, is the world's largest manufacturer of golf clubs. "The world is embracing golf in a way that has led to a record quarter for the industry and our company," commented Chip Brewer, President and Chief Executive Officer of the Company. In 1984, Callaway bought the rest of the company for another $400,000. At that time, Hickory Sticks was owned by Richard Parente, Dick De La Cruz, and Tony Manzoni. Description. Apply to Adjunct Instructor, Social Worker, Security Engineer and more! He was involved in all major decisions during the company's growth. Subsidiaries. Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs and golf balls, apparel, gear, and other products. Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs and golf balls. It manufactures and sells golf clubs, balls, apparel, footwear, and accessories. Due to competition from Adidas, the acquisition cost Callaway Golf $169 million. With his help and that of Glenn Schmidt, the company's master tool maker, the company developed the original Big Bertha driver using large-volume (190cc) steel clubhead. In 1982, he bought half of Hickory Sticks USA and the company was renamed "Callaway Hickory Stick USA." The golf balls segment consists of Callaway Golf and Strata balls that are designed, manufactured and sold by the Company. The Company's Code of Conduct is part of Callaway Golf Company's effort to conduct its global business legally. The fund acquired 13,936 shares of the company’s stock, valued at approximately $267,000. Callaway has maintained endorsement deals with many professional golfers who play on the world's leading tours, including Phil Mickelson,[19] Henrik Stenson[20] and Xander Schauffele. They presently have a $24.00 price target on the stock. The Big Bertha driver grew to 290 cc in 1997. The Company currently has the following wholly-owned operating subsidiaries: Callaway Golf Sales Company, The Top-Flite Golf Company, Callaway Golf Interactive, Inc., Callaway Golf Europe Ltd., Callaway Golf K.K., Callaway Golf Korea Ltd., Callaway Golf Canada Ltd. and Callaway Golf … [17], On October 27, 2020, Callaway announced it will acquire Topgolf Entertainment Group for $2 billion.[18]. The company offers its products under the Callaway Golf, Odyssey, Top-Flite, Ben Hogan, and uPro brand names. [14][15], In 2019, Callaway acquired German outdoor apparel company Jack Wolfskin. In 1983, he became the company's president and moved its headquarters to Carlsbad, California where he could be found selling clubs out of his Cadillac. Goods & Services: Golf bags; golf clubs; head covers for golf clubs. Callaway Golf spent three years developing the ball and a state-of-the-art production facility. Ely Callaway resigned as CEO and President in 1996, remaining as Chairman of the Board. Bruce Loman was one of the first employees to work at Callaway Golf and he lasted his entire career with the golf company giant. Callaway Golf Company shares (ELY) are listed on the NYSE and all prices are listed in US Dollars. Another Callaway's subsidiary, "Cuater", produces golf shoes. Callaway Golf Company (Exact name of registrant as specified in its charter) Delaware : 95-3797580 (State or other jurisdiction of incorporation or organization) (I.R.S. In past years, Callaway marketed products under the "Odyssey" putter brand, acquired in 1997,[4] as well as "Top Flite", "Strata" and "Ben Hogan" brands picked up following the bankruptcy of Spalding's former golf division in 2003. Compass Point cut Callaway Golf from a “buy” rating […] Please fill out the form below and click "Place Order" to complete your order. How to buy shares in Callaway Golf Company. An “independent” director is a director whom the Board of Directors has determined has no direct or indirect material relationship to Callaway Golf Company or any of its consolidated subsidiaries (collectively, the “Company”). The line include polo shirts, fleeces, pants, sweaters, shorts. It also sells golf accessories, such as golf bags, golf gloves, golf footwear, GPS on-course range finders, golf and lifestyle apparel, golf headwear, eyewear, golf towels, and golf umbrellas. The line include polo shirts, fleeces, pants, sweaters, shorts. The stock traded as high as $24.94 and last traded at $24.81, with a volume of 19456 shares traded. The company sells its products through golf retailers and sporting goods retailers, through mass merchants, directly online, and through its pre-owned and trade-in services. These clubs, as well as those marketed under other trademarks, are sold at premium prices through retailers of professional-quality golf clubs in the United States and overseas. By late 1997, it reached a market capitalization of over $3.0 billion. The company was founded by a wine maker, no less. Ron Drapeau assumed his positions. On December 8, 2005, Callaway Golf received the 2005 Torch Award for Marketplace Ethics, from the San Diego Better Business Bureau. Employee: Anne C Gustason. Attorney: Sonia Lari CALLAWAY GOLF COMPANY 2180 Rutherford Rd, Carlsbad, CA 92008. List by sport include only, "Callaway Golf in $130 Million Deal for Odyssey Sports", "Company news; Callaway Golf beats out Adidas to buy top-flite", "Callaway Golf Names Baker President, COO", "Callaway Golf Company Acquires OGIO International, Inc., A Leading Lifestyle Brand, For $75.5 Million", "Callaway Golf Company Completes Acquisition Of TravisMathew For $125.5 Million And Updates TravisMathew Financial Guidance", "Callaway Golf Company Completes Acquisition Of Jack Wolfskin, A Premium Outdoor Apparel Brand, For €418 Million", "Callaway Golf hires executive to run expanding apparel business", "Callaway Golf just acquired all of Topgolf in an appeal to millennial customers", "Phil Mickelson's Golf Equipment Through The Years", "Henrik Stenson signs with Callaway as Justin Rose re-ups with TaylorMade", "Callaway signs Xander Schauffele to endorsement deal", "Ballesteros 'Could Get Up and Down Out of a Garbage Can, https://en.wikipedia.org/w/index.php?title=Callaway_Golf_Company&oldid=999003222, Manufacturing companies based in California, Sporting goods manufacturers of the United States, Companies listed on the New York Stock Exchange, Manufacturing companies established in 1982, Creative Commons Attribution-ShareAlike License, This page was last edited on 8 January 2021, at 01:21. The company’s golf clubs include drivers, fairway woods, hybrids, irons, wedges, and putters. Callaway also continued as President and CEO of Callaway Golf Ball Company. Callaway Golf Company engineers, recruited from Du Pont and Boeing, used aerodynamic computer programs (first used by Boeing and General Electric) to evaluate more than 300 dimple patterns and more than 1,000 variations of ball cores, boundary layers, and cover materials to create the new Rule 35 ball. Callaway Golf Company is an American global sports equipment manufacturing company that designs, manufactures, markets and sells golf equipment products, more especifically clubs and balls, also including accessories such as bags, gloves, and caps. Hogan, and … Description it sells its products to retailers, directly and its! And guesswork in trying to identify the Golf ball that is right for each individual golfer. `` [ ]! 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