Callaway Golf estimates 2013 sales to rise from 2012

31 Jan '13

2 min read

Callaway Golf Company announced its fourth quarter and full year 2012 financial results.

- 2012 Fourth Quarter net sales of $118 million and pro forma loss per share of $0.49 are consistent with the Company's guidance last quarter. GAAP loss per share of $1.03.

- 2012 Full Year net sales of $832 million and pro form a loss per share of $0.78. GAAP loss per share of $1.98.

- Callaway estimates full year 2013 net sales of approximately $850 million; pro forma net income at breakeven; and pro forma loss per share of $0.04.

The Company estimates that net sales for the full year 2013 will be approximately $850 million compared to $832 million in 2012. Net sales related to the Company's continuing brands and business were $772 million in 2012, with net sales relating to the brands and businesses that were sold or transitioned to a third party model of approximately $60 million.

The Company estimates that net sales for the first half of 2013 will be approximately $555 million compared to $566 million in 2012. The Company's estimated net sales for the first half of 2013 would represent an increase of 7% over the first half 2012 net sales of $519 million related to the Company's continuing brands and business.

About Callaway Golf

Through an unwavering commitment to innovation, Callaway Golf Company) creates products designed to make every golfer a better golfer. Callaway Golf Company manufactures and sells golf clubs and golf balls, and sells golf accessories, under the Callaway Golf and Odyssey brands worldwide.

Callaway Golf Company

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