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Article Date: May 2017
Word Count: 352

Callaway Raises 2017 Guidance After Strong Q1

Revenues jumped 13% to $308,927,000 from $274,053,000 in the first quarter driven by Ogio and Epic driver sales, but reported net income declined 33% to $25,689,000 from $38,390,000 due to Ogio integration expenses and the fact that it paid no income tax in Q1 last year. Non-GAAP pre-tax income was $43 million, up 8% from the first quarter of 2016. The results encouraged ELY to raise its full year sales guidance to $960 - $980 million from $910 - $935 million, and its full year non-GAAP earnings guidance to $0.31 - $0.37 per share ($33 million) up from $0.21 - ... Log in to view full article.


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