Callaway 2014 Annual Report Download - page 5

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IRONS
2014
technology represents a signifi cant
growth opportunity for us in both
sales and profi tability.
We are also proud of the 18 gold
medals awarded to Callaway woods,
irons, wedges and Odyssey putters
by the well-respected Golf Digest Hot List
– more golds than any other
manufacturer by a wide margin.
Clearly, we have a great deal to be
optimistic about and I am convinced
that Callaway Golf is in a much stronger
position today than it has been for quite
some time. The changes we have made
and the new approaches we have
taken are driving increased consumer
interest, greater operating effi ciencies
and improved fi nancial performance.
While foreign currency rates will
provide signifi cant challenges to our
2015 GAAP results, I am confi dent in
our overall plan, in the strength of our
brand and in the quality of our people,
all of which should contribute to driving
improved performance and long-term
shareholder value. We are determined
to keep our eye on the prize and remain
committed to the hard work and new
thinking that has fueled our success
to date. I look forward to updating you
on our results as the year progresses.
Sincerely,
Oliver “Chip” Brewer
President and Chief Executive Offi cer
March 16, 2015