Article: Callaway Golf Files Third Quarter 10-Q And Reaffirms Previous 2002 Guidance With Possible Upside.

Business & Sports Editors/Golf Writers & Columnists

CARLSBAD, Calif.--(BUSINESS WIRE)--Jan. 16, 2003

Callaway Golf Company (NYSE:ELY) announced that it filed its Form 10-Q for the quarter ended September 30, 2002 with the Securities and Exchange Commission today. As previously announced, the results for the third quarter were positively impacted by a reduction in the Company's warranty reserves taken during the quarter of approximately $17 million (pre-tax). The filing included the effects of subsequent events described below that were determined after the close of the third quarter but prior to the date of the filing, as required by SEC and applicable ...

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