He was involved in all major decisions during the company's growth. 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. It sells its products to retailers, directly and through its subsidiaries, and to third-party distributors. [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]. Ron Drapeau assumed his positions. 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. Callaway Golf is a golf equipment and active lifestyle company. In 1998 he again became President and CEO of Callaway Golf Company, but died of pancreatic cancer on July 5, 2001. The stock had previously closed at $24.38. In February 1992, Callaway Golf went public on the New York Stock Exchange with a market capitalization of $250 million. In California call collect 760-931-1771; outside California call toll free 1-800-588-9836. This eliminates confusion and guesswork in trying to identify the golf ball that is right for each individual golfer."[9]. It manufactures and sells golf clubs, balls, apparel, footwear, and accessories. Description. Donald H. Dye was named CEO and President. Callaway X2 Hot: The new drivers, fairway woods, hybrids and irons emphasize distance and speed. [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. In 1996, Callaway announced development of a new golf ball, under the leadership of Chuck Yash, the former head of Taylormade Golf. Several other institutional investors also recently bought and sold shares of … 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. Callaway Golf spent three years developing the ball and a state-of-the-art production facility. 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. Employer Identification No.) On December 8, 2005, Callaway Golf received the 2005 Torch Award for Marketplace Ethics, from the San Diego Better Business Bureau. At that time, Hickory Sticks was owned by Richard Parente, Dick De La Cruz, and Tony Manzoni. Callaway sold the Top-Flite brand to Dick's Sporting Goods, citing declining sales, Employee: Anne C Gustason. 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. The Code applies to all board members, officers and employees of the Company and its subsidiaries. Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs and golf balls, apparel, gear, and other products. 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. The company also produces clothing –through its subsidiary "Callaway Apparel"–. Another Callaway's subsidiary, "Cuater", produces golf shoes. Callaway Golf Company shares (ELY) are listed on the NYSE and all prices are listed in US Dollars. As previously disclosed, on October 27, 2020, Callaway Golf Company, a Delaware corporation ("Callaway"), entered into a definitive agreement to acquire Topgolf International, Inc., a Delaware corporation ("Topgolf"), pursuant to an Agreement and Plan of Merger (the "Merger Agreement") by and among Callaway, Topgolf and 51 Steps, Inc., a Delaware corporation and wholly-owned subsidiary of … Due to competition from Adidas, the acquisition cost Callaway Golf $169 million. Attorney: Sonia Lari CALLAWAY GOLF COMPANY 2180 Rutherford Rd, Carlsbad, CA 92008. 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. Callaway also continued as President and CEO of Callaway Golf Ball Company. [12] and the Ben Hogan brand to Perry Ellis International, with Callaway retaining several trademarks, including Apex and Edge. The American company, based in Carlsbad, California, is the world's largest manufacturer of golf clubs. CARLSBAD, Calif., Nov. 9, 2020 /PRNewswire/ -- Callaway Golf Company (the "Company") (NYSE:ELY) announced today financial results for the quarter ended September 30, 2020. The Big Bertha driver grew to 290 cc in 1997. Ely Callaway bought a company called Hickory Stick and changed the name over to Callaway Hickory Stick. Among his favorite club brands was Hickory Sticks USA, which was known for producing clubs with hickory shafts and steel cores. Callaway Golf's unwavering commitment to innovation and the creation of new golf technologies is well-established. The golf balls segment consists of Callaway Golf and Strata balls that are designed, manufactured and sold by the Company. Callaway Golf (NYSE:ELY) hit a new 52-week high on Monday . Compass Point cut Callaway Golf from a “buy” rating […] [13], In 2017, Callaway acquired OGIO, a US-based bag and apparel brand, and TravisMathew, a California-based lifestyle and golf apparel brand. By late 1997, it reached a market capitalization of over $3.0 billion. 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. The name became its current Callaway Golf Company in 1988. 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. In 1984, Callaway bought the rest of the company for another $400,000. The company provides a portfolio of brands, including Callaway Golf, Odyssey, OGIO, TravisMathew, and … He had previously been successful in the textile and wine industries, and was also an avid golfer. 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. Odyssey, OGIO, TravisMathew, Jack Wolfskin. 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. Callaway came about in the 1980s and today is one of the leading golf brands in the United States and beyond. Each Rule 35 ball contains a unique synergy of distance, control, spin, feel and durability characteristics. Callaway Golf Company is a leisure business based in the US. [16], In 2020, Joe Flannery was named Executive Vice President of Callaway. The company offers its products under the Callaway Golf, Odyssey, Top-Flite, Ben Hogan, and uPro brand names. Subsidiaries. In 1982, he bought half of Hickory Sticks USA and the company was renamed "Callaway Hickory Stick USA." 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. Callaway Golf Company is an American global sporting goods company that designs, manufactures, markets and sells golf equipment, golf accessories and golf lifestyle … 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. 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. ELY has been the topic of several analyst reports. 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. On January 18, 2018 September 7, 2018 by wpadmin Posted in Video. Click the button below to request a report when hardcopies become available. Callaway Golf Company employs 4,200 staff and has a trailing 12-month revenue of around USD$1.5 billion. 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. [11], In 2012, Oliver "Chip" Gordon Brewer III was named CEO of Callaway. 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 … Callaway Golf Co. does not currently have any hardcopy reports on AnnualReports.com. 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]. Helmstetter was named chief club designer that same year and introduced computer-controlled manufacturing machines. This list includes companies that produce sports equipment. The Company became a publicly traded corporation in 1992, and in 1999, reincorporated in the state of Delaware. [4] This led to introduction of the Odyssey White Hot putter line in 2000. Goods & Services: Golf bags; golf clubs; head covers for 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. The line include polo shirts, fleeces, pants, sweaters, shorts. The Company's Code of Conduct is part of Callaway Golf Company's effort to conduct its global business legally. 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 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. Owner: Callaway Golf Company, 2180 Rutherford Road, Carlsbad, CA 92008 In 1997, Odyssey Sports was acquired, expanding Callaway's line of putters. [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. They presently have a $24.00 price target on the stock. Callaway is first and foremost a golf equipment company, the second-largest in the industry behind Acushnet. Please fill out the form below and click "Place Order" to complete your order. [21] They have also had commercial relationships with some of the legends of the sport including Arnold Palmer and Annika Sörenstam, and celebrities such as Justin Timberlake.

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