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Sep 30, 2020
Topgolf Callaway Q3 2020 Earnings Report
Callaway Golf Company achieved record net sales and earnings.
Key Takeaways
Callaway Golf Company reported a record third quarter with net sales of $476 million, a 12% increase compared to the third quarter of 2019, and net income of $52 million, a 69% increase compared to the same period in 2019. The increase was driven by a 27% increase in the Golf Equipment Segment and a faster-than-expected recovery in the soft goods segment.
Third quarter 2020 net sales of $476 million, a 12% increase compared to the third quarter of 2019.
Third quarter 2020 net income of $52 million, a 69% increase compared to $31 million in the third quarter of 2019.
Third quarter 2020 diluted earnings per share of $0.54, a 69% increase compared to $0.32 in the third quarter of 2019.
Third quarter 2020 adjusted EBITDAS of $87 million, a 53% increase compared to $57 million in the third quarter of 2019.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is not providing financial guidance for the fourth quarter of 2020 due to uncertainty around the COVID-19 pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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