Topgolf Callaway Brands Corp. (MODG) Financials

NYSE:MODG

Market Cap

2.92B

Total Revenue

4.00B

Gross Profit

2.41B

Operating Income

256.80M

Net Income

157.90M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	842,801,000	886,945,000	843,794,000	871,192,000	1,048,736,000	1,242,834,000	1,701,063,000	1,589,460,000	3,133,447,000	3,995,700,000
costOfRevenue	528,043,000	529,019,000	486,161,000	486,181,000	568,288,000	664,465,000	934,276,000	931,875,000	1,270,136,000	1,584,600,000
grossProfit	314,758,000	357,926,000	357,633,000	385,011,000	480,448,000	578,369,000	766,787,000	657,585,000	1,863,311,000	2,411,100,000
researchAndDevelopmentExpenses	30,937,000	31,285,000	33,213,000	33,318,000	36,568,000	40,752,000	50,579,000	46,300,000	68,000,000	76,400,000
sellingAndMarketingExpenses	226,496,000	234,231,000	228,910,000	235,556,000	270,890,000	308,709,000	438,238,000	391,815,000	--	-1,076,900,000
generalAndAdministrativeExpenses	68,087,000	61,662,000	68,567,000	71,969,000	94,153,000	100,466,000	145,302,000	150,716,000	1,581,220,000	2,047,500,000
sellingGeneralAndAdministrativeExpenses	294,583,000	295,893,000	297,477,000	307,525,000	365,043,000	409,175,000	583,540,000	542,531,000	1,581,220,000	970,600,000
operatingExpenses	325,520,000	327,178,000	330,690,000	340,843,000	401,611,000	449,927,000	634,119,000	588,831,000	1,658,596,000	2,154,300,000
operatingIncome	-10,762,000	30,748,000	26,943,000	44,168,000	78,837,000	128,442,000	132,668,000	243,023,000	-47,816,000	256,800,000
totalOtherIncomeExpensesNet	-2,560,000	-9,109,000	-6,880,000	14,225,000	-10,782,000	2,830,000	-36,899,000	-370,501,000	398,458,000	-114,900,000
ebitda	14,781,000	51,984,000	44,322,000	43,092,000	96,442,000	148,390,000	167,619,000	282,531,000	108,006,000	477,500,000
depreciationAndAmortization	25,543,000	21,236,000	17,379,000	16,586,000	17,605,000	19,948,000	34,951,000	39,508,000	155,822,000	220,700,000
interestIncome	558,000	438,000	388,000	621,000	454,000	594,000	807,000	492,000	--	--
interestExpense	9,123,000	9,499,000	8,733,000	2,368,000	4,365,000	5,543,000	39,300,000	47,424,000	115,565,000	142,800,000
incomeBeforeTax	-13,322,000	21,639,000	20,063,000	58,393,000	68,055,000	131,272,000	95,769,000	-127,478,000	350,642,000	141,900,000
incomeTaxExpense	5,599,000	5,631,000	5,495,000	-132,561,000	26,388,000	26,018,000	16,540,000	-544,000	28,654,000	-16,000,000
netIncome	-18,921,000	16,008,000	14,568,000	189,900,000	40,806,000	104,740,000	79,408,000	-126,934,000	321,988,000	157,900,000
eps	-0.26	0.21	0.18	2.02	0.43	1.11	0.84	-1.35	1.9	0.85
epsdiluted	-0.26	0.2	0.17	1.98	0.42	1.08	0.82	-1.35	1.82	0.82
weightedAverageShsOut	72,809,000	77,559,000	83,116,000	94,045,000	94,329,000	94,579,000	94,251,000	94,201,000	169,101,000	184,900,000
weightedAverageShsOutDil	72,809,000	78,385,000	84,611,000	95,845,000	96,577,000	97,153,000	96,287,000	94,201,000	176,925,000	201,300,000
costAndExpenses	853,563,000	856,197,000	816,851,000	827,024,000	969,899,000	1,114,392,000	1,568,395,000	1,520,706,000	2,928,732,000	3,738,900,000
otherExpenses	-2,560,000	-9,109,000	-6,880,000	-3,437,000	-10,782,000	2,830,000	-36,899,000	-21,963,000	9,376,000	1,107,300,000

Key Facts

Industry

Leisure

Sector

Consumer Cyclical

Headquarters

Carlsbad, CA, US

Website

callawaygolf.com

CEO

Mr. Oliver G. Brewer III

Employees

32000

About the Company

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories. It operates through three segments: Topgolf; Golf Equipment; and Apparel, Gear and Other. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, multiple bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game. The Golf Equipment segment provides drivers, fairway woods, hybrids, irons, wedges and packaged sets, putters, and pre-owned golf clubs under the Callaway and Odyssey brands, as well as golf balls under the Callaway Golf and Strata brands. The Apparel, Gear and Other segment offers golf apparel and footwear; golf accessories, including golf bags, golf gloves, headwear, and practice aids under the Callaway brand; and golf and lifestyle apparel, hats, luggage and accessories, footwear, belts, facemasks, sunglasses, socks, and underwear under the TravisMathew brand. This segment also provides storage gear for sport and personal use, such as backpacks; travel, duffel, and golf bags; and storage gear accessories, as well as outerwear, headwear, and accessories under the OGIO brand. In addition, it offers outdoor apparel comprising jackets, trousers, dresses, skirts, and tops; and footwear and outdoor equipment, including packs and bags, travel bags, tents, sleeping bags, and accessories under the Jack Wolfskin brand. The company sells its products through golf retailers, sporting goods retailers, on-line retailers, mass merchants, department stores, third-party distributors, and mail order stores, as well as through its websites in the United States and approximately 120 countries. The company was formerly known as Callaway Golf Company and changed its name to Topgolf Callaway Brands Corp. in September 2022. Topgolf Callaway Brands Corp. was incorporated in 1982 and is headquartered in Carlsbad, California.