secwatch.observer — SEC 8-K summary
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Issuer:     Callaway Golf Co (CALY)
CIK:        0000837465
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0000837465-26-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Callaway Golf Q4 net loss $66M, FY rev $2.06B; returns to pure-play golf after asset sales
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- Q4 net loss from continuing ops $66.0M ($0.36 diluted EPS); adjusted EBITDA -$25.1M, down $29.5M YoY.
- Full year net sales $2.06B (-0.8% YoY); GAAP net income $38.8M ($0.21 diluted EPS).
- Sold Jack Wolfskin and 60% of Topgolf; post-transaction net cash position ~$680M cash, $480M debt.
- 2026 guidance: net sales $1.98B-$2.05B, adjusted EBITDA $170M-$195M; Q1 sales $635M-$665M.
- Plans to pay off $258M convertible notes May 2026; $200M share repurchase program announced.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837465/000083746526000007/0000837465-26-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837465/000083746526000007/modg-20260212.htm
  HTML page:      https://secwatch.observer/filing/0000837465-26-000007

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