Adams Golf Inc trades in the stock market as ticker ADGF. Business Summary & Profile For Adams Golf Inc.

Adams Golf Inc

Adams Golf, Inc., together with its subsidiaries, designs, assembles, markets, and distributes golf clubs for various skill levels primarily in the United States. The company’s products include Idea Tech V3 irons and hybrids, Idea a7 and a7 OS irons and hybrids, Speedline Fast 11 and Speedline 9064 drivers, Speedline Fast 11 fairway woods, and Idea Pro Black hybrids and irons. It also provides Tom Watson signature wedges and the Puglielli wedges, as well as golf bags, hats, and other accessories. The company sells its products to on and off course golf shops, sporting goods retailers, mass merchants, and international distributors under the Yes! Putters, Women's Golf Unlimited, the Lady Fairway, and Square 2 brands. Adams Golf, Inc. was founded in 1987 and is based in Plano, Texas.
www.adamsgolf.com
129 Employees
Last Reported Date: 03/8/11
Founded in 1987
LAST $7.91 USD
CHANGE TODAY +0.11 1.41%
VOLUME 11.2K
As of 8:09 PM 02/17/12 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of ADAMS GOLF INC (ADGF)

OPEN
$7.88
PREVIOUS CLOSE
$7.80
DAY HIGH
$8.05
DAY LOW
$7.88
52 WEEK HIGH
02/9/12 - $8.10
52 WEEK LOW
09/26/11 - $4.79
MARKET CAP
61.7M
AVERAGE VOLUME 10 D
9.3K
EPS TTM
$0.65
SHARES OUTSTANDING
7.8M
ADGF Does Not Pay Dividends
P/E TTM
12.2x
K = Thousands  M = Millions  B = Billions

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Key developments for ADAMS GOLF INC (ADGF)

Adams Golf To Seek Strategic Alternatives

Adams Golf Inc. said that its Board of Directors has decided to explore and evaluate full range of strategic options to enhance shareholder value. Adams Golf has appointed Morgan Stanley & Co. LLC to assist in the evaluation of these options. Adams Golf has not made a decision to pursue any specific strategic alternative at this time, and the exploration of strategic alternatives may not result in any specific action or transaction. There is no definitive timetable for the process. "We are pleased to be working with Morgan Stanley on this initiative. They bring strong market insight and a wealth of experience in these matters. As we continue to strengthen the Adams Golf brand, the entire board thinks the current market valuation is inconsistent with the company's performance and future prospects," Chip Brewer, CEO and President, said.

Adams Golf Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2011 ; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2011

Adams Golf Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2011. For the quarter, the company net sales of $20,505,000 compared with $19,685,000 for the same period a year ago. Operating income of $524,000 compared with $620,000 for the same period a year ago. Income before income taxes of $516,000 compared with $605,000 for the same period a year ago. Net income of $483,000 or $0.06 per diluted share compared with $535,000 or $0.07 per diluted share for the same period a year ago. For the nine months, the company net sales of $84,807,000 compared with $73,643,000 for the same period a year ago. Operating income of $7,640,000 compared with $7,321,000 for the same period a year ago. Income before income taxes of $7,577,000 compared with $7,283,000 for the same period a year ago. Net income of $7,446,000 or $0.92 per diluted share compared with $7,109,000 or $0.92 per diluted share for the same period a year ago. Looking forward, although the company recognized today's economic uncertainties and lower consumer confidence, the company also believes that year to date the golf equipment business has weathered these storms reasonably well and is in a gradual state of recovery. Specific to its business, the company is pleased by its performance over the last several quarters during which the company believe it have delivered positive financial results and simultaneously strengthened brand and reinvested for the future. Whatever the economic conditions in fourth quarter and 2012 may be, the company remains both confident in strategy and dedicated to creating long term shareholder value via continuing revenue growth and brand development trends.

Adams Golf Inc., Q3 2011 Earnings Call, Nov 10, 2011

Adams Golf Inc., Q3 2011 Earnings Call, Nov 10, 2011

ADGF Competitors

Company Last Change
Aldila Inc $2.62 USD 0.00
Beam Inc $56.02 USD -0.32
Callaway Golf Co $6.47 USD +0.06
Market data is delayed at least 15 minutes.
 

Industry Analysis

Valuation ADGF Industry Range
Price/Earnings 11.7x
Price/Sales 0.6x
Price/Book 1.1x
Price/Cash Flow 11.5x
TEV/Sales 0.5x

ADGF

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No transactions in the last 6 months.
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