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 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.
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 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.
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.
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 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 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 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.
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 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 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.
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