ELY - ELY STOCK NEWS

Callaway Golf Company (NYSE: ELY) announced its participation in upcoming investor conferences, including the Stephens Annual Investment Conference on December 2 in Nashville, TN and the Truist Securities Virtual 9th Annual Gaming Summit on December 9. Interested parties can access presentation materials through the Investor Relations section of its website. Callaway remains dedicated to innovation in golf equipment and entertainment, with a portfolio that includes brands like Topgolf and Odyssey.

Callaway Golf Company (NYSE: ELY) reported strong Q3 2021 results, with net revenue at $856 million, up from $476 million in Q3 2020. Year-to-date revenue reached $2.422 billion, a significant increase from $1.215 billion in 2020. Topgolf contributed $334 million in revenue, while golf equipment revenues grew 8.4% YoY. However, net income fell to a loss of $16 million from a profit of $52 million in Q3 2020. The diluted EPS was $(0.09). The company forecasts 2021 net revenue between $3.110-$3.120 billion, driven by strong demand and positive market conditions.

Callaway Golf Company (NYSE: ELY) will release its third quarter 2021 financial results on November 9, 2021, followed by a conference call with analysts at 2:00 p.m. PST. The call aims to review the results and discuss the company's business outlook. Investors can access the call live on the Callaway Investor Relations website, with a replay available afterward until November 16, 2021. Callaway Golf is renowned for its innovative golf equipment and entertainment experiences, including brands like Topgolf and Odyssey.

Callaway Golf Company (NYSE: ELY) has made a $30 million minority investment in Five Iron Golf, a growing indoor golf and entertainment company. Five Iron Golf offers simulator rentals, lessons, fittings, and a curated food menu, aiming to enhance off-course golf experiences. The partnership includes a non-exclusive marketing agreement, allowing Callaway to deepen its customer relationships across various platforms. Five Iron Golf, co-founded in 2017, has expanded to nine locations across the U.S. and one in Singapore, with additional venues in development.

Callaway Golf Company (NYSE: ELY) has completed an underwritten public offering of 4,600,000 shares of common stock at a price of $29.25 per share. This includes the full exercise of the underwriters' option to purchase an additional 600,000 shares. The offering was conducted by PEP TG Investments LP, with no proceeds going to Callaway. Joint book-running managers for the offering were Goldman Sachs & Co. LLC, BofA Securities, and J.P. Morgan. The offering was registered under a shelf registration statement with the SEC.

Callaway Golf Company (NYSE: ELY) priced an upsized public offering of 4,000,000 shares at $29.25 each, increasing from an initial 3,000,000 shares. The offering is conducted by PEP TG Investments LP, with underwriters granted a 30-day option for 600,000 additional shares. Callaway will not benefit financially from this offering, set to close on September 20, 2021. Goldman Sachs, BofA Securities, and J.P. Morgan are leading the offering, which complies with a Form S-3 automatic shelf registration statement filed with the SEC.

Callaway Golf Company (NYSE: ELY) has announced a proposed underwritten public offering of 3,000,000 shares of its common stock, to be sold by PEP TG Investments LP. Additionally, there is a 30-day option for underwriters to purchase up to 450,000 more shares. Callaway will not receive proceeds from this sale, as it does not sell any of its own shares. The offering is subject to market conditions, and there's no guarantee on its completion or terms. The public offering follows an automatic shelf registration with the SEC, with details available through official channels.

Callaway Golf Company (NYSE: ELY) has updated its financial outlook for Q3 and full year 2021, reflecting resilience amid COVID-19 challenges. The company has mitigated supply chain issues by reallocating production and expects stronger performance from its diversified portfolio, including Topgolf. Full year net revenue is projected between $3,065 and $3,095 million, while adjusted EBITDA estimates range from $370 to $390 million. The company remains cautious due to ongoing pandemic impacts but notes significant growth potential moving forward.

Callaway Golf (NYSE: ELY) achieved its highest monthly U.S. golf ball market share in July 2021, surpassing 20%, according to Golf Datatech. The company also reported record financial results for Q2 and H1 2021. Callaway's growth is driven by the strong performance of its Chrome Soft Golf Ball Family, used by top players including Phil Mickelson and Jon Rahm. With over $50 million invested in golf ball production, Callaway is focused on delivering high-quality products and plans to build on its success moving forward.