As of December 31, 2025, the company operates through two reportable business segments: Golf Equipment and Apparel, Gear and Other (formerly Active Lifestyle). The Golf Equipment segment designs, manufactures, and sells golf clubs and golf balls under the Callaway, Strata, and Odyssey brands. Golf clubs include woods, irons, putters, and pre-owned clubs made from materials such as steel, titanium alloys, carbon fiber, and various thermoplastic and thermoset materials. Golf balls, sold under the Callaway brand, feature 2-piece and multilayer constructions with cover technologies including HEX Aerodynamics, Hybrid Cover, Triple Track Technology, and Truvis patterns. The company employs research and development and artificial intelligence tools, including computer-aided design software, finite element analysis, structural optimization, and testing equipment, to develop its products. The Apparel, Gear and Other segment was renamed from Active Lifestyle in the fourth quarter of 2025 without changes to its composition or previously reported financial results. The Jack Wolfskin and Topgolf businesses were divested during 2025 and early 2026 and are reported as discontinued operations, excluded from continuing operations and reportable segments. Following the sale closing, the company's 40% interest in Topgolf will be accounted for under the equity method.
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