With Jack Wolfskin a distant memory and a majority share in Topgolf divested, Callaway’s net income from continuing operations increased 18% in the first quarter to $74.9 million from $63.4 million, as revenues grew 9% to $687.5 million from $629.6 million. Topgolf continued to weigh on profits, however, as CALY’s equity method share of its Q1 loss amounted to $27.7 million. The bottom line included about $18 million of incremental tariff expense, and last year’s quarter included a $12 million one-time benefit from the early termination of the Japan headquarters lease. ... Log in to view full article.