secwatch.observer — SEC 8-K summary
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Issuer:     Callaway Golf Co (CALY)
CIK:        0000837465
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0000837465-24-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.72
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837465/000083746524000011/0000837465-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837465/000083746524000011/modg-20240213.htm
  HTML page:      https://secwatch.observer/filing/0000837465-24-000011

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