SD FINANCE

Callaway Golf Announces Record Sales of $1.24B for 2018

Callaway’s non-GAAP 2018 earnings per share were $1.07, a 102 percent increase over the 2017 figure.

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Cubic Reports $305M in First Quarter Sales

Cubic Corp. reported a net loss of $6.6 million or 23 cents per share on net sales of $305.3 million during the quarter ended Dec. 31. The Kearny Mesa-based corporation — which specializes in transportation and defense technology — reported its financial results on Feb. 6.

Port of San Diego Welcomes Two Inaugural Cruise Calls

As California’s third-busiest cruise port, the Port of San Diego is anticipating approximately 92 cruise calls and nearly 300,000 passengers in fiscal year 2019-2020.

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Italian Air Carrier to Offer Viasat Wi-Fi

Viasat said it has reached an agreement with the Italian airline Neos S.p.A. to provide in-flight Wi-Fi connectivity to Neos’ fleet of Boeing 787 Dreamliner aircraft. Financial terms of the deal, announced Feb. 5, were not disclosed.

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PriceSmart Declares 70 Cent Dividend

The board of San Diego-based PriceSmart, meeting on Jan. 30, declared a dividend of 70 cents per share, payable in two installments in February and August. PriceSmart (Nasdaq: PSMT) owns and operates 41 membership warehouse clubs in 12 countries and one U.S. territory in Central America, the Caribbean and Colombia.

Tesla Agrees to Buy Maxwell Technologies for $218M

Tesla Inc. has agreed to buy Maxwell Technologies, a San Diego company specializing in industrial-grade and vehicle-grade capacitors. Tesla has agreed to pay $4.75 per share of Maxwell (Nasdaq: MXWL) stock in an all-stock deal. The price is a 55 percent premium over Maxwell’s $3.07 closing share price on the previous trading day, Feb. 1.

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PetDesk Overcame the Rough Spots, Looks to Expand Platform’s Capabilities

Taylor Cavanah’s company got its first big break after he took his dog to the vet.

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Cubic Chooses CIO From Within

Cubic Corp. announced on Feb. 4 that it promoted Dan Hedstrom to chief information officer. He replaces Jan Marshall in the job. Hedstrom will manage the information technology team for Cubic (NYSE: CUB), which has more than 5,600 employees at 75 locations worldwide.

Environmental Review for Sempra’s Texas LNG Plant Concludes

Sempra Energy has passed another milestone on the road to building its liquefied natural gas (LNG) export facility in Port Arthur, Texas. The corporation said the project received its final environmental impact statement from the Federal Energy Regulatory Commission (FERC), which has yet to approve the project.

Exec’s Efforts in Foster Care Earn Her National Recognition

Walden Family Services, a San Diego-based nonprofit with offices in Los Angeles, Riverside and San Bernardino that provides foster care, adoption and transition-age housing agency, announced that Chief Operating Officer Sue Evans was elected to the national Family Focused Treatment Association, or FFTA, board of directors for a three-year term.

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Balboa Park Conservancy Shines On Local and National Stage

The Balboa Park Conservancy announced that at the end of 2018 the nonprofit public-private partnership that cares for Balboa Park was certified as a Points of Light national Service Enterprise. At the same time, the Conservancy was awarded the San Diego Regional Urban Forest Council award for Best Urban Forestry Educational Project.

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For Following MLK’s Example, MiraCosta College VP Is Honored

MiraCosta College leader Cynthia Rice was recently honored with City of Oceanside’s Dr. Martin Luther King Jr. Community Service Award. Rice, who serves as MiraCosta College’s vice president of institutional advancement, was celebrated at the annual Dr. Martin Luther King Jr. prayer breakfast Jan. 21.

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Student’s Winning Video Puts Spotlight on Essential Services

Heath Dunbar, a student from La Costa Canyon High School in Carlsbad, recently won first place in the 2018 Districts Make the Difference Student Video Contest.

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Golf Tournament Helps Bring Beauty to Communities

The 39th American Society of Landscape Architects San Diego Golf Tournament, presented by title sponsor Rain Bird, took place last fall at Maderas Golf Course in Poway.

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U.S. Marine Corps to Use Cubic Computer Gear

Cubic Corp. said on Jan. 31 that it will provide data networking gear to the U.S. Marine Corps as part of a contract awarded to Virginia-based iGov. Under the five-year contract, Cubic said its Cubic Mission Solutions subsidiary expects to deliver thousands of its DTECH ruggedized computer and networking modules for iGov’s small form-factor solution.