Callaway Golf Co. Provides Earnings Guidance for the First Half and Full Year of Fiscal 2013
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. The company estimates that first half 2013 non-GAAP pro forma net income will be approximately $28 million (an increase of 33% compared to $21 million for the same period last year) and that non-GAAP pro forma earnings per share will be approximately $0.33 per share as compared to $0.25 per share for the first half of 2012.