Topgolf Callaway Q4 rev $897M (+5.4%), Adj. EBITDA $69.8M (+91%); FY 2024 rev guidance $4.52-4.56B

Callaway Golf Co

2023-FY EPS reported $0.50 revenue$4,284,800,000

Q4 revenue $897.1M (+5.4%); GAAP net loss $77.1M ($0.42 loss) vs. $72.7M loss in 2022.
FY revenue $4.28B (+7.2%); GAAP net income $95M ($0.50 EPS), down from $157.9M ($0.82) in 2022.
Adjusted EBITDA Q4 $69.8M (+90.7%), FY $596.6M (+6.9%); Topgolf segment EBITDA $304M (+29.3%).
FY 2024 guidance: revenue $4.52-4.56B, Adj. EBITDA $620-640M, non-GAAP EPS $0.26-0.34, Topgolf SVS flat.
Operating cash flow $365M; Free Cash Flow $160M; inventory down $165M to $794M; cash $393.5M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Callaway Golf Co reported financial results for the fourth quarter and fiscal year ended December 31, 2023.

Period: the fourth quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 13, 2024, Topgolf Callaway Brands Corp. issued a press release and is holding a conference call regarding its financial results for the fourth quarter and fiscal year ended December 31, 2023.

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Source: SEC EDGAR

accession 0000837465-24-000011

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