Callaway Golf (ELY) Tops Q4 EPS by 3c
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Callaway Golf Company Announces Full Year 2017 Financial Results, Reflecting 20% Sales Growth And Significant Increases In Operating Performance And Cash Generation; And Provides 2018 Financial Guidan
February 7, 2018 4:20 PM ESTCARLSBAD, Calif., Feb. 7, 2018 /PRNewswire/ --Â Callaway Golf Company (NYSE: ELY) announced today its full year 2017 financial results and provided financial guidance for 2018.
"2017 was another exciting year for Callaway Golf," commented Chip Brewer, President and Chief Executive Officer of Callaway Golf Company. "On a full year basis compared to 2016, our net sales increased $178 million (20%), our gross margins increased 160 basis points, and our Adjusted EBITDA increased 72% to $100 million. These results were fueled by the success of our 2017 product line, including the EPIC woods and irons, and reflect the... More
