Every 8-K that Callaway Golf Company (CALY) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CALY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CALY filings page.
Callaway Golf Company reported Q2 2026 net sales of $612.2 million, up 2% year over year, led by 4.5% growth in Golf Equipment. GAAP gross margin rose 620 basis points to 50.1%, and net income from continuing operations increased to $75.8 million, with diluted EPS of $0.40.
Non-GAAP results also improved: gross margin reached 48.5%, non-GAAP net income from continuing operations was $73.8 million, and Adjusted EBITDA rose 35.8% to $124.9 million. Segment operating income expanded in both Golf Equipment and Apparel, Gear and Other.
Callaway accelerated balance sheet improvement, repaying $258 million of convertible notes and $163 million of term loan B and ending June 30, 2026 with $278.1 million of cash and $74 million of debt, a net cash position. The company repurchased 5.9 million shares year to date for $84.5 million.
Management raised full‑year 2026 guidance to net sales of $2.045–$2.070 billion and Adjusted EBITDA of $246–$260 million, but expects Q3 2026 net sales of $415–$435 million and Adjusted EBITDA of $10–$20 million, below 2025 levels, reflecting product launch timing and business rationalization. Updated tariff assumptions increase 2026 gross tariff expense to about $43 million while offering roughly $50 million of potential refunds.
Callaway Golf Company has fully repaid the remaining approximately $163 million outstanding under its term loan B facility, after voluntarily prepaying $1 billion of term loan B debt in January 2026. The repayment was funded entirely with cash on hand, simplifying the company’s capital structure.
Immediately after this repayment, Callaway Golf reported approximately $53 million of remaining gross debt, including approximately $44 million under its Japan ABL facility and approximately $9 million of equipment notes and finance leases, along with over $150 million of unrestricted cash and cash equivalents. Management expects lower future cash interest expense and greater financial flexibility, and continues to expect to end the year in a net cash to zero net leverage position.
Callaway Golf Company reported results from its 2026 Annual Meeting of Shareholders and related board actions. Thomas G. Dundon and Mark D. Mandel were elected to the Board and each entered into the Company’s standard indemnification agreement for non-employee directors, which covers legal expenses and liabilities arising from service, with expense advances subject to possible reimbursement after final determinations.
Shareholders voted on three proposals. Of the 181,976,071 common shares outstanding as of the record date, 160,373,469 were represented at the meeting. All nominated directors were elected with strong majorities; for example, Mark D. Mandel received 145,294,838 votes for and 594,819 against. Shareholders ratified Deloitte & Touche LLP as independent auditor for the year ending December 31, 2026, with 156,259,310 votes for and 3,553,082 against. On an advisory basis, shareholders also approved executive compensation, with 136,918,067 votes for and 8,942,872 against.
Callaway Golf Company reported strong first quarter 2026 results and raised its full-year outlook. Net sales from continuing operations grew 9.2% to $687.5 million, driven by a 9.5% increase in Golf Equipment and 8.4% growth in Apparel, Gear and Other. GAAP net income from continuing operations rose to $74.9 million, while non-GAAP net income from continuing operations nearly doubled to $111.8 million. Adjusted EBITDA increased 31.1% to $163.7 million, supported by higher sales and gross margin expansion to 47.5%.
The company ended March 31, 2026 in a net cash position, with $500 million of cash and $474 million of debt, and fully repaid $258 million of convertible notes on May 1. Callaway repurchased $79 million of common stock through April, buying 5.6 million shares at an average price of $14.08. Management increased its 2026 net sales outlook to $2.015–$2.070 billion and Adjusted EBITDA outlook to $211–$233 million, and guided Q2 2026 net sales to $585–$610 million with Adjusted EBITDA of $98–$108 million.
Callaway Golf Company is providing supplemental, recast financial data to reflect the 2025 sales of its Jack Wolfskin and Topgolf businesses and a new two-segment structure: Golf Equipment, and Apparel, Gear and Other. Results for Topgolf and Jack Wolfskin are now treated as discontinued operations.
On this basis, 2025 net sales from continuing operations were $2,060.1 million versus $2,077.7 million in 2024, a modest decline of 0.8%. Income from continuing operations before income taxes was $87.6 million, down from $111.5 million, while diluted GAAP earnings per share from continuing operations were $0.21.
The recast non‑GAAP schedules show 2025 trailing twelve‑month adjusted EBITDA of $222.4 million compared with $261.2 million in 2024. A net debt leverage table highlights a sharp improvement in leverage, with total net debt falling from $1,032.2 million and 4.0x leverage at December 31, 2024 to $576.3 million and 2.6x at December 31, 2025, and a pro forma net cash position after the Topgolf closing.
Callaway Golf Company reported fourth-quarter and full-year 2025 results and detailed a major portfolio reshaping. The company sold Jack Wolfskin and a 60% stake in Topgolf, using proceeds to repay $1 billion of term debt and eliminate Topgolf-related lease liabilities.
Immediately after the Topgolf transaction on January 1 2026, Callaway held about $680 million of cash and $480 million of gross debt, moving into a net cash position. 2025 net sales from continuing operations were $2,060.1 million, down 0.8%, while net income from continuing operations fell to $38.8 million from $93.4 million, and Adjusted EBITDA from continuing operations declined to $222.4 million from $261.2 million, pressured by about $34 million of incremental tariffs and higher incentive compensation.
For 2026, Callaway guides net sales to $1.98 billion–$2.05 billion and Adjusted EBITDA from continuing operations to $170 million–$195 million. The company plans to repay $258 million of convertible notes maturing in May 2026 and begin a $200 million share repurchase program, aiming to remain at net cash to zero net leverage.
Callaway Golf Company has changed its corporate name from Topgolf Callaway Brands Corp. to Callaway Golf Company, effective January 15, 2026, through a certificate of amendment to its third restated certificate of incorporation approved by its Board of Directors under Delaware law. The company also filed a fourth restated certificate of incorporation and amended and restated its bylaws, with the only change in these documents being the updated corporate name.
In connection with the rebranding, the company announced that its common stock is expected to cease trading on the New York Stock Exchange under the ticker symbol MODG and begin trading under a new ticker symbol, CALY, on or about January 16, 2026. The company states that the name change does not affect the rights of its stockholders.