IMG Acquisition Could Take Up To Six Months Nike Q2 Profit Rises 40% WME Execs To Meet With IMG College WME CEOs Diving In At IMG Industry Leaders Discuss IMG Sale WME, Silver Lake Announce Acquisition Of IMG IMG Sale Comes With "Hefty Amount" Of Debt IMG Sales Process Enters Final Stage Aramark's Shares Rise 13.5% Following IPO Weekend Plans: Callaway Golf's Harry Arnett
CALLAWAY GOLF ANNOUNCES RECORD SALES OF $842.9M IN '97
Published January 29, 1998
Callaway Golf announced that its net sales in the year ended December 31, '97 increased 24% to $842.9M over the previous year's net sales of $678.5M. The company also announced that it had a net income of $132.7M for '97 -- an 8% increase from the $122.3M in '96. Net income included a one-time charge of $12M for the settlement of litigation between Callaway and a former employee (Callaway Golf).