New financial results from Callaway have indicated that the firm is coping with the challenge of the current economic climate.
The golf equipment manufacturer has revealed positive earnings growth for the second quarter of the year, although net sales were slightly lower than during the corresponding period in 2007.
Callaway announced that diluted earnings per share were expected to range from $0.56 (£0.28) to $0.58 for the second quarter – an eight per cent increase on $0.53 last year.
George Fellows, Callaway''s president and chief executive officer, said the data shows that the firm is "on track" for the first six months of 2008.
"Our international business has been strong throughout the first half of the year and remains a key driver of our top and bottom line growth, offsetting a softer than expected US business," he added.
The firm recently closed down its golf ball manufacturing plant in Gloversville, New York.
Players with Callaway endorsements include world number two Phil Mickelson, three-time Major winner Ernie Els and recent US Open runner-up Rocco Mediate.
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