Q4 2025 Callaway Golf Co Earnings Call Transcript
Key Points
- Callaway Golf Co (CALY) successfully completed the sale of Jack Wolfskin and a 60% stake in Topgolf, resulting in a net cash-positive position.
- The company reported better-than-expected Q4 results in both top line and EBITDA across all regions.
- Callaway Golf Co (CALY) maintains a top 2 market share position in both clubs and balls in the US and a top 1 or 2 club position in every primary market.
- The company launched new products, including the Quantum family of woods and irons and Odyssey AI-Dual Putters, with positive initial feedback.
- Callaway Golf Co (CALY) plans to return capital to shareholders through a $200 million stock repurchase program.
- The company faces incremental tariff expenses of approximately $40 million in 2026, impacting historical price points.
- Overall consumer confidence and job growth have been lower than desired, posing potential challenges.
- Callaway Golf Co (CALY) anticipates a negative impact on revenues this year due to changes in product launch cadences and pulling back on lower-margin categories.
- The company's full-year consolidated gross margin declined due to incremental tariffs, impacting profitability.
- Adjusted EBITDA decreased by $39 million year-over-year, reflecting challenges in maintaining previous profitability levels.
Good day and welcome to the Callaway Golf Company fourth-quarter 2025 earnings call.
(Operator Instructions) Please note, this event is being recorded.
I would now like to turn the conference over to Katina Metzidakis, Vice President of Investor Relations and Corporate Communications. Please go ahead.
Good afternoon and welcome to Callaway Golf Company's fourth-quarter earnings conference call.
I'm Katina Metzidakis, Vice President of Investor Relations and Corporate Communications. Joining me on today's call are Chip Brewer, our President and Chief Executive Officer; and Brian Lynch, our Chief Financial Officer and Chief Legal Officer.
Earlier today, the company issued a press release announcing its fourth-quarter 2025 financial results. Our earnings presentation, as well as our earnings press release, are both available on our Investor Relations website, under the Financial Results tab.
Aside from revenue, the
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