The Company became a publicly traded corporation in 1992, and in 1999, reincorporated in the state of Delaware. By late 1997, it reached a market capitalization of over $3.0 billion. Compass Point’s price target would indicate a potential downside of 0.83% from the company’s previous close. On December 8, 2005, Callaway Golf received the 2005 Torch Award for Marketplace Ethics, from the San Diego Better Business Bureau. It sells its line of Big Bertha, Great Big Bertha, and Biggest Big Bertha oversized metal woods and conventional-style metal woods, irons, wedges, and putters. The Company's Code of Conduct is part of Callaway Golf Company's effort to conduct its global business legally. The company was founded by a wine maker, no less. It manufactures and sells golf clubs, balls, apparel, footwear, and accessories. www .callawaygolf .com. Callaway Golf Co manufactures golf clubs. The company’s golf clubs include drivers, fairway woods, hybrids, irons, wedges, and putters. 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. In addition, the company offers non-golf-related apparel under … Owner: Callaway Golf Company, 2180 Rutherford Road, Carlsbad, CA 92008 Website. 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. ELY has been the topic of several analyst reports. Callaway Golf Company shares (ELY) are listed on the NYSE and all prices are listed in US Dollars. 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”). After being endorsed by Callaway late in his career, Seve Ballesteros expressed his gratitude to Ely Callaway by giving him a vintage Rolex, one he had worn since he first signed with the watchmaker.[22]. 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. Callaway sold the Top-Flite brand to Dick's Sporting Goods, citing declining sales, In 1984, Callaway bought the rest of the company for another $400,000. 2180 Rutherford Road, Carlsbad, CA 92008 (760) 931-1771 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. 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. The company also produces clothing –through its subsidiary "Callaway Apparel"–. Due to competition from Adidas, the acquisition cost Callaway Golf $169 million. The line include polo shirts, fleeces, pants, sweaters, shorts. The golf balls segment consists of Callaway Golf and Strata balls that are designed, manufactured and sold by the Company. Attorney: Sonia Lari CALLAWAY GOLF COMPANY 2180 Rutherford Rd, Carlsbad, CA 92008. How to buy shares in Callaway Golf Company. Callaway also continued as President and CEO of Callaway Golf Ball Company. The company’s golf clubs include drivers, fairway woods, hybrids, irons, wedges, and putters. [13], In 2017, Callaway acquired OGIO, a US-based bag and apparel brand, and TravisMathew, a California-based lifestyle and golf apparel brand. "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. When Hickory Sticks started running low on funds, they began seeking investors and approached Callaway, who had just sold his vineyards for a $9 million profit. Another Callaway's subsidiary, "Cuater", produces golf shoes. Ely Callaway resigned as CEO and President in 1996, remaining as Chairman of the Board. This eliminates confusion and guesswork in trying to identify the golf ball that is right for each individual golfer."[9]. 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. [5], On November 8, 2004, Callaway Golf named Chairman and Chief Executive William C. Baker President and COO, replacing Patrice Hutin. The company's name was changed to its present name in 1988.[6]. Among his favorite club brands was Hickory Sticks USA, which was known for producing clubs with hickory shafts and steel cores. 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. Please fill out the form below and click "Place Order" to complete your order. The Beginning of Callaway Golf with Bruce Loman. Ron Drapeau assumed his positions. [17], On October 27, 2020, Callaway announced it will acquire Topgolf Entertainment Group for $2 billion.[18]. The company's other drivers, as well as its fairway woods, irons, wedges, hybrids, and putters, are sold under the Callaway and Odyssey names. 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. In 1997, Odyssey Sports was acquired, expanding Callaway's line of putters. The Big Bertha driver grew to 290 cc in 1997. Compass Point cut Callaway Golf from a “buy” rating […] The company invested $170 million in research and development, and construction of the 225,000-square-foot (20,900 m2) production facility. It also makes Callaway golf balls, golf bags, and golf apparel. Donald H. Dye was named CEO and President. In 1982, he bought half of Hickory Sticks USA and the company was renamed "Callaway Hickory Stick USA." Callaway Golf's unwavering commitment to innovation and the creation of new golf technologies is well-established. 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. Compare share trading platforms. In a year that saw market share gains for Callaway Golf Company (NYSE: ELY) in the woods and irons categories, the golf club and ball manufacturer today announces a full new line of distanced-focused woods and irons products for 2014. The stock had previously closed at $24.38. [4] This led to introduction of the Odyssey White Hot putter line in 2000. The name became its current Callaway Golf Company in 1988. To determine the Callaway Golf authorized retailer, distributor or subsidiary nearest you, check our website at www.callawaygolf.com or contact Callaway Golf directly. Because of the company's success in producing easy to use, forgiving golf clubs for every player, there are many imitations. The company provides a portfolio of brands, including Callaway Golf, Odyssey, OGIO, TravisMathew, and … Callaway came about in the 1980s and today is one of the leading golf brands in the United States and beyond. At that time, Hickory Sticks was owned by Richard Parente, Dick De La Cruz, and Tony Manzoni. 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. 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. Several other institutional investors also recently bought and sold shares of … They presently have a $24.00 price target on the stock. [14][15], In 2019, Callaway acquired German outdoor apparel company Jack Wolfskin. 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. Description. 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. [16], In 2020, Joe Flannery was named Executive Vice President of Callaway. These fundamental indicators attest to how well Callaway Golf utilizes its assets to generate profit and value for its shareholders. 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. Callaway Golf (NYSE:ELY) hit a new 52-week high on Monday . Callaway X2 Hot: The new drivers, fairway woods, hybrids and irons emphasize distance and speed. He was involved in all major decisions during the company's growth. Helmstetter was named chief club designer that same year and introduced computer-controlled manufacturing machines. 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