Topgolf Callaway Brands Corp

For the period ended Jun 30, 2024. Filed Aug 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 7, 2024

CALY$17.37-0.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations for the ended and

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except per share data)

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Net revenues:
Products	$668.5	$713.5	$1,394.6	$1,481.1
Services	489.3	466.2	907.4	866.0
Total net revenues	1,157.8	1,179.7	2,302.0	2,347.1
Costs and expenses:
Cost of products	375.4	387.9	788.3	829.9
Cost of services, excluding depreciation and amortization	50.7	51.4	92.3	95.8
Other venue expense	339.4	317.1	662.8	622.6
Selling, general and administrative expense	259.5	279.6	532.5	548.1
Research and development expense	27.0	22.0	50.2	44.8
Venue pre-opening costs	2.8	5.7	6.0	9.4
Total costs and expenses	1,054.8	1,063.7	2,132.1	2,150.6
Income from operations	103.0	116.0	169.9	196.5
Interest expense, net	(57.0)	(51.7)	(115.8)	(101.3)
Other income (expense), net	6.4	7.3	9.8	(2.8)
Income before income taxes	52.4	71.6	63.9	92.4
Income tax benefit	(9.7)	(45.8)	(4.7)	(50.0)
Net income	$62.1	$117.4	$68.6	$142.4
Earnings per common share:
Basic	$0.34	$0.63	$0.37	$0.77
Diluted	$0.32	$0.59	$0.36	$0.72
Weighted-average common shares outstanding:
Basic	183.5	185.2	183.6	185.2
Diluted	199.6	201.3	199.4	201.4

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.