---
schema_version: "secwatch.filing_event.v1"
accession: "0000837465-24-000011"
form_type: "8-K"
ticker: "CALY"
cik: "0000837465"
company_name: "Callaway Golf Co"
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:58:31.273735+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000837465-24-000011
- form_type: 8-K
- ticker: CALY
- cik: 0000837465
- company_name: Callaway Golf Co
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/837465/000083746524000011/0000837465-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/837465/000083746524000011/modg-20240213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000837465-24-000011
- JSON: https://secwatch.observer/filing/0000837465-24-000011.json
- Plain text: https://secwatch.observer/filing/0000837465-24-000011.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/837465/000083746524000011/0000837465-24-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.