secwatch.observer — SEC 8-K summary
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Issuer:     Callaway Golf Co (CALY)
CIK:        0000837465
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0000837465-24-000076
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Topgolf Callaway Q3 net loss $3.6M, lowers FY revenue and EBITDA guidance, raises Topgolf EBITDA outlook
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- Q3 GAAP net loss $3.6M vs net income $29.7M a year ago; diluted EPS -$0.02 vs $0.16.
- Revenue $1,012.9M (-2.7% YoY); Adjusted EBITDA $119.8M (-26.6% YoY).
- Lowered FY 2024 revenue guidance to ~$4.2B and Adj. EBITDA to $560-570M (from $570-590M).
- Raised Topgolf Adj. EBITDA guidance to ~$315M (from ~$310M); Topgolf same-venue sales fell 11%.
- Available liquidity strengthened to $863M (+$129M YoY); inventory down $70M to $666M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837465/000083746524000076/0000837465-24-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837465/000083746524000076/modg-20241112.htm
  HTML page:      https://secwatch.observer/filing/0000837465-24-000076

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer