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CALLAWAY GOLF COMPANY

(ELY)
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Callaway Golf : Phil Mickelson Wins Historic PGA Championship with Callaway Clubs and Golf Ball

05/24/2021 | 11:51am EDT

Mickelson becomes the oldest major champion ever with a new Epic Speed Driver, Chrome Soft X Triple Track Golf Ball and Callaway equipment

CARLSBAD, Calif., May 24, 2021 - Phil Mickelson delivered a record-breaking performance for the ages at Kiawah Island and claimed his sixth major win on Sunday at the PGA Championship. Mickelson relied on Callaway Golf (NYSE: ELY) equipment and an Odyssey Putter throughout the week while becoming the oldest major champion ever at age 50.

With the combination of his new Callaway Epic Speed Driver, Callaway Irons, and a Callaway Chrome Soft X Triple Track Golf Ball, Mickelson led the elite field in Strokes Gained: Tee To Green. He drove the ball exceptionally well throughout the championship and hit a 366 yard bomb at the 16th hole on Sunday when he needed it most.

Callaway believes that their Chrome Soft Golf Ball Family isn't just better, it's better for everyone. Mickelson's golf ball features Callaway's innovative Triple Track Technology, which utilizes Vernier Hyper Acuity for improved putting alignment and accuracy. He has been playing with Triple Track Technology since the beginning of 2019.

His winning driver is engineered with Callaway's A.I. designed Jailbreak Speed Frame. By applying Artificial Intelligence, this structure improves stability in horizontal and torsional direction for increased ball speeds across the face.

In Mickelson's bag this week from Callaway Golf and Odyssey:

  • Callaway Epic Speed Driver, 6-degree
  • Callaway MAVRIK Sub Zero Fairway Wood, 16.5-degree
  • Callaway X Forged Utility Irons, 4-5
  • Callaway Apex MB Irons, 6-PW
  • Callaway Mack Daddy PM Grind Wedges, 52-, 55-, 60-degree
  • Odyssey PM Prototype Putter
  • Callaway Chrome Soft X Triple Track Golf Ball

'We want to congratulate Phil Mickelson on capturing his historic win at the PGA Championship,' said Callaway President & CEO, Chip Brewer. 'He has been such a tremendous ambassador for Callaway and the game of golf, and we couldn't be happier for Phil as he reaches another illustrious milestone in his Hall of Fame career. It's clear that he still has plenty of championship level golf ahead.'

A Callaway Staff Professional since 2004, Mickelson has now earned 55 wins in his illustrious career. For more information regarding Epic Drivers or any other Callaway products, please visit http://www.callawaygolf.com.

To keep up to date with all of the latest Callaway news and announcements, please follow Callaway Golf and Odyssey Golf on social media: @CallawayGolf and @OdysseyGolf.

About Callaway Golf Company

Callaway Golf Company (NYSE: ELY) is an unrivaled tech-enabled golf company delivering leading golf equipment, apparel and entertainment, with a portfolio of global brands including Callaway Golf, Topgolf, Odyssey, OGIO, TravisMathew and Jack Wolfskin. Through an unwavering commitment to innovation, Callaway manufactures and sells premium golf clubs, golf balls, golf and lifestyle bags, golf and lifestyle apparel and other accessories, and provides world-class golf entertainment experiences through Topgolf, its wholly-owned subsidiary. For more information please visit www.callawaygolf.com, www.topgolf.com, www.odysseygolf.com, www.OGIO.com, www.travismathew.com, and www.jack-wolfskin.com.

MEDIA CONTACTS:

Jeff Newton
Callaway Golf Company
Jeff.Newton@callawaygolf.com

Disclaimer

Callaway Golf Company published this content on 24 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2021 15:50:05 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2021 2 837 M - -
Net income 2021 223 M - -
Net cash 2021 1 286 M - -
P/E ratio 2021 25,3x
Yield 2021 0,04%
Capitalization 6 129 M 6 129 M -
EV / Sales 2021 1,71x
EV / Sales 2022 1,43x
Nbr of Employees 4 200
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Number of Analysts 10
Last Close Price 33,19 $
Average target price 37,90 $
Spread / Average Target 14,2%
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Oliver G. Brewer President, Chief Executive Officer & Director
Brian P. Lynch Chief Financial & Legal Officer, Executive VP
John F. Lundgren Chairman
Alan Hocknell Senior Vice President-Research & Development
Mark F. Leposky Executive Vice President-Global Operations
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