Callaway Golf (ELY) Tops Q1 EPS by 15c, Updates FY Guidance
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Callaway Golf Company Announces Record First Quarter Net Sales And Raises Full Year Earnings Per Share Guidance
May 9, 2019 4:20 PM EDTCARLSBAD, Calif., May 9, 2019 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY) announced today record net sales for the first quarter of 2019 and increased its earnings per share guidance for the first half and full year 2019.Â
In the first quarter of 2019, as compared to the same period in 2018, the Company's net sales increased $113 million (28%) to $516 million, a new record for the Company, and Adjusted EBITDA increased $4 million (4%) to $93 million. These results were achieved despite an estimated $15 million negative impact from changes in foreign currency rates and reflect the acquisition of Jack... More
