Quarterly ResultMay 7, 2026, 04:33 PM
Callaway Q1 Net Sales +9% to $687.5M; Adj EBITDA +31%; Raises FY Outlook
AI Summary
Callaway Golf Company reported strong first-quarter 2026 results with net sales increasing 9.2% to $687.5 million and Adjusted EBITDA rising 31.1% to $163.7 million. Net income from continuing operations grew 18.1% to $74.9 million. The company raised its full-year 2026 net sales outlook to $2.015-$2.070 billion and Adjusted EBITDA outlook to $211-$233 million, reflecting strong demand for new products and progress on gross margin and cost savings initiatives. Additionally, Callaway repurchased $79 million in shares and settled $258 million in convertible notes.
Key Highlights
- Q1 Net Sales increased 9.2% to $687.5 million.
- Q1 GAAP Net Income from Continuing Operations rose 18.1% to $74.9 million.
- Q1 Adjusted EBITDA increased 31.1% to $163.7 million.
- Full-year 2026 Net Sales outlook raised to $2.015 billion - $2.070 billion.
- Full-year 2026 Adjusted EBITDA outlook raised to $211 million - $233 million.
- Repurchased $79 million of common shares through April 2026.
- Settled $258 million of convertible notes in cash on May 1, 2026.
- Golf Equipment segment net sales increased 9.5% to $486.2 million.