secwatch.observer — SEC 8-K summary
======================================

Issuer:     Callaway Golf Co (CALY)
CIK:        0000837465
Form:       8-K
Filed at:   2026-08-04T20:18:34+00:00
Accession:  0000837465-26-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Callaway Q2 beats; raises FY 2026 guidance; net cash position after debt repayment
--------------------------------------------------------------------------------

- Q2 net sales $612.2M (+2% YoY); GAAP net income $75.8M (+67%); Adjusted EBITDA $124.9M (+36%).
- Raises FY 2026 guidance: net sales $2.045-2.070B, Adjusted EBITDA $246-260M (prev. $211-233M).
- Repaid $258M convertible notes and $163M term loan B; net cash position of $204M ($278M cash minus $74M debt).
- Repurchased $84M of shares YTD; $120M remaining under buyback program.
- Tariff update: new Section 301 tariffs 10-12.5% vs assumed 20%, net improvement of ~$7M; full-year tariff expense ~$43M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/837465/000083746526000021/0000837465-26-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/837465/000083746526000021/modg-20260804.htm
  HTML page:      https://secwatch.observer/filing/0000837465-26-000021

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