Callaway Golf Announces Results for Fourth Quarter and Full Year 2005
January 25, 2006 16:05:09 (ET)
CARLSBAD, Calif., Jan 25, 2006 (BUSINESS WIRE) -- Callaway Golf Company (ELY, Trade) today announced its financial results for the quarter and full year ended December 31, 2005, reporting significant improvements in both sales and earnings over the same periods in the prior year. Some of the details for the twelve months ended December 31, 2005 include:
-- Net sales of $998.1 million, as compared to $934.6 million for the same period in 2004.
-- Fully diluted earnings per share of $0.19 on 69.2 million shares, as compared to a net loss per share of $0.15 on 67.7 million shares in 2004.
-- Fully diluted earnings per share for the full year include after-tax charges of $0.19 per share associated with the integration of the Top-Flite operations and the September restructuring initiatives. The full year loss per share for 2004 includes after-tax charges of $0.26 per share associated with the integration of the Top-Flite operations. Excluding these charges, the Company's pro forma fully diluted earnings per share for 2005 would have been $0.38, as compared to pro forma fully diluted earnings per share of $0.11 for the full year 2004.
Details for the fourth quarter include:
-- Net sales of $154.5 million, as compared to $144.4 million in the fourth quarter of 2004.
-- Net loss per share of $0.27 on 69.3 million shares, as compared to a net loss of $0.42 per share on 68.0 million shares in the fourth quarter of 2004.
-- The net loss per share for the fourth quarter of 2005 includes after-tax charges of $0.05 per share associated with the integration of the Top-Flite operations acquired in late 2003 and the restructuring initiativ ...