Highest-materiality recent filing
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%).
Callaway Golf repays remaining $163M term loan B, reducing gross debt to $53M
Repaid full $163M term loan B balance with cash on hand; total gross debt now $53M ($44M Japan ABL, $9M equipment notes/leases).
Callaway Golf elects Dundon and Mandel, ratifies auditor, approves say-on-pay
Thomas G. Dundon and Mark D. Mandel elected to Board at May 21, 2026 annual meeting.
Callaway Q1 net sales $687.5M (+9%), Adj. EBITDA +31%; raises FY2026 outlook
Q1 GAAP net income from continuing ops $74.9M ($0.38 diluted EPS); non-GAAP EPS $0.56, up 87% YoY.
Callaway provides recast segment data for 2025-2024 excluding divested Topgolf and Jack Wolfskin
Net sales $629.6M in Q1 2025, down 1.6% YoY; Golf Equipment segment operating income up 23.8% to $101.8M.
Callaway Golf Q4 net loss $66M, FY rev $2.06B; returns to pure-play golf after asset sales
Q4 net loss from continuing ops $66.0M ($0.36 diluted EPS); adjusted EBITDA -$25.1M, down $29.5M YoY.
Topgolf Callaway Brands changes name to Callaway Golf Co., ticker to CALY
Corporate name changed to Callaway Golf Company effective Jan 15, 2026 via certificate of amendment.
Sold 60% stake in Topgolf/Toptracer to Leonard Green & Partners for ~$800M net proceeds; values Topgolf at ~$1.1B.
Topgolf Callaway director C. Matthew Turney resigns; board reduced to nine
C. Matthew Turney resigned as director on December 2, 2025.
Topgolf Callaway Brands CEO to participate in Jefferies virtual fireside chat Nov 25
CEO Chip Brewer will take part in a fireside chat hosted by Jefferies analyst Randy Konik.
Transaction values Topgolf at ~$1.1 billion; Company to receive ~$770M in net proceeds.
Topgolf Callaway Q3 revenue beats, raises full-year guidance; Topgolf same-venue sales turn positive
Q3 revenue $934M (ex-Jack Wolfskin +3%), GAAP EPS -$0.08, non-GAAP EPS -$0.05.
Topgolf Callaway Brands director Scott M. Marimow resigns; board reduced to 10
Scott M. Marimow notified the company of his resignation as director on August 25, 2025.
Topgolf Callaway Q2 rev $1.11B (-4.1% YoY), GAAP EPS $0.11, raises FY2025 outlook
Q2 consolidated net revenue $1,110.5M, down 4.1% YoY; Adj EBITDA $195.8M (-4.8%).
Topgolf Callaway Brands CEO Artie Starrs resigns; Topgolf spin-off likely delayed to 2026
Artie Starrs resigns as CEO of Topgolf to become CEO of another company; will stay through Sept 2025 for transition.
Topgolf Callaway Brands completes sale of Jack Wolfskin to ANTA Sports for $290M cash
Sale of Jack Wolfskin closed May 31, 2025; cash consideration $290M, net of cash sold and subject to adjustments.
Shareholders approve 13.5M share increase to incentive plan, re-elect directors
Shareholders approved amended 2022 Incentive Plan, increasing shares available by 13.5M.
Topgolf Callaway Q1 rev $1.092B (-4.5%), EPS $0.01; lowers Topgolf same-venue sales forecast
GAAP net income $2.1M ($0.01 diluted EPS) vs $6.5M ($0.04) YoY; Non-GAAP EPS $0.11 (+41.7%).
Topgolf Callaway Brands sells Jack Wolfskin to ANTA Sports for $290M cash
Sale price of $290M in cash, subject to working capital and customary adjustments; expected close late Q2/early Q3 2025.
Topgolf Callaway Q4 revenue +3% to $924M but $1.45B impairment drives GAAP loss
Q4 GAAP net loss of $1.512.7B includes $1.452B noncash Topgolf goodwill/intangibles impairment.
Topgolf completes sale of mobile game subsidiary WGT; no financial terms disclosed
Topgolf International sold World Golf Tour LLC (WGT) on Dec 11, 2024.
Q3 GAAP net loss $3.6M vs net income $29.7M a year ago; diluted EPS -$0.02 vs $0.16.
Topgolf Callaway Brands to spin off Topgolf into independent company; plans separation by H2 2025
Board intends to separate into Callaway (golf equipment, active lifestyle, ~$2.5B LTM rev) and Topgolf (venues, ~$1.8B LTM rev, excl. Toptracer).
Topgolf Callaway Q2 net income $62M, full-year guidance lowered, launches Topgolf strategic review
Q2 revenue $1.158B (-1.9% YoY); GAAP net income $62M vs $117M last year; Adj. EBITDA $206M.
Topgolf Callaway shareholders elect directors, ratify auditor, approve say-on-pay
All 13 director nominees elected with majority support; highest votes 143.4M for C. Matthew Turney.
Topgolf Callaway prepays $50M of term loan B debt voluntarily
Voluntary prepayment of $50 million towards term loan B debt.
Topgolf Callaway Q1 revenue $1.14B in line; EBITDA beat; lowers FY revenue view by $80M
Q1 GAAP net income $7M, non-GAAP net income $16M; Adjusted EBITDA $161M ahead of expectations.
Topgolf Callaway Brands reprices $1.24B term loan, cuts interest rate by 60 bps
Repriced $1.24B first-lien term loan due 2030, lowering rate to SOFR +300 from SOFR +350.
Topgolf Callaway Q4 rev $897M (+5.4%), Adj. EBITDA $69.8M (+91%); FY 2024 rev guidance $4.52-4.56B
Q4 revenue $897.1M (+5.4%); GAAP net loss $77.1M ($0.42 loss) vs. $72.7M loss in 2022.
Topgolf Callaway cuts FY 2023 guidance on lower Topgolf same venue sales; Q3 GAAP EPS down 20%
Q3 GAAP EPS $0.16 vs $0.20 prior year; net income $29.7M down 22.9%.
Topgolf Callaway acquires BigShots Golf for ~$29M; strengthens off-course golf leadership
Acquired BigShots Golf from Invited for ~$29M; includes 1 owned venue, 3 franchise venues, and development rights.
Topgolf Callaway supplier fire in Taiwan disrupts non-urethane golf ball supply
Fire at Launch Technologies golf ball plant in Pintung County, Taiwan on Sept 29, 2023.
Topgolf Callaway Q2 revenue up 5.7% to $1.18B; reiterates FY2023 guidance
GAAP EPS $0.59 vs $0.53 YoY; non-GAAP EPS $0.39 vs $0.47.
Topgolf Callaway discloses cybersecurity incident, most systems back online
Identified unusual IT activity last week; activated incident response plan.
C. Matthew Turney elected to Board on June 6, 2023; entered standard indemnification agreement.
Topgolf Callaway Brands holds virtual investor event with Topgolf CEO Artie Starrs on June 1, 2023
Virtual investor event hosted at 11:00 a.m. PT on June 1, 2023.
Topgolf Callaway repurchased 1M shares at avg $17.83 under $100M buyback plan
Repurchased 1,000,000 shares between May 15-18, 2023 at average $17.83 per share.
Topgolf Callaway Q1 revenue beats, raises FY Adj EBITDA midpoint; cuts EPS guidance
Q1 GAAP net income $25M ($0.13 diluted EPS); non-GAAP EPS $0.17, down 53% YoY.
Thomas G. Dundon to leave Topgolf Callaway board; C. Matthew Turney nominated as replacement
Thomas G. Dundon will not stand for reelection at the 2023 Annual Meeting for personal reasons.
Topgolf Callaway enters new $525M ABL and $1.25B term loan facilities
New ABL facility of up to $525M matures March 16, 2028; replaces existing ABL agreement.
Topgolf Callaway Brands completes debt refinancing with $1.25B term loan and $525M ABL
New $1.25B senior secured term loan B due 2030 at SOFR+350+10 bps; maturities extended.
Topgolf Callaway seeks new term loan and revolver refinancing
Announced plans to incur a new senior secured term loan facility to refinance existing indebtedness of Topgolf Callaway and its subsidiary Topgolf International.
Two directors not standing for reelection; board size reduced to 12
Samuel H. Armacost retiring after 20 years on the Board; Scott H. Baxter not standing for personal reasons.
Topgolf Callaway temporarily boosts ABL facility by $50M to $450M through June 15, 2023
Maximum facility amount increased from $400M to $450M during the Increased Commitment Period (Feb 15 – Jun 15, 2023).
Topgolf Callaway Brands Q4 revenue up 19.6% to $851M; raises FY2023 outlook
Q4 net revenue $851.3M (+19.6% YoY); net loss $72.7M but operating loss improved 36.6%.
Topgolf Callaway Brands releases updated investor presentation; no specific data disclosed
Updated investor presentation posted on November 16, 2022 for use at investor conferences.
Topgolf Callaway Q3 revenue up 15.4% to record $988.5M; raises FY2022 guidance
Q3 2022 revenue $988.5M (+15.4% YoY, +21.3% constant currency); GAAP net income $38.5M vs $16.0M loss in Q3 2021.
Callaway Brands amends ABL facility; adds Dutch borrower, cuts margin 25bp
Adds Callaway Golf EU B.V. as new borrower and guarantor under the ABL facility.
Topgolf Callaway Brands to attend Goldman Sachs Global Retailing Conference
Attending Goldman Sachs 29th Annual Global Retailing Conference on Sept 7, 2022 in New York.
Callaway Golf renames to Topgolf Callaway Brands Corp.; ticker changes to MODG
Name change effective September 6, 2022, via certificate of amendment filed with Delaware Secretary of State.
the Dundon Shareholder notified the Company that it was designating C. Matthew Turney, Chief Financial Officer of Dundon Capital Partners, for nomination to the Board.
Thomas G. Dundon would not stand for reelection to the Board upon completion of his current term at the 2023 Annual Meeting of Shareholders
Mr. Armacost is retiring after 20 years of service on the Board, and Mr. Baxter has decided not to stand for reelection for personal reasons.
Mr. Baxter has decided not to stand for reelection for personal reasons.
On March 15, 2022, Callaway Golf Company (the “Company”) announced the appointment of Varsha R. Rao to the Company’s board of directors, with an initial term expiring at the 2022 annual meeting of the Company’s stockholders.
On December 6, 2021, Callaway Golf Company (the “Company”) announced the appointment of Bavan M. Holloway to the Company’s board of directors
Max materiality 0.85 · Median 0.60 · Most common event earnings