Welcome to our dedicated page for Escalade news (Ticker: ESCA), a resource for investors and traders seeking the latest updates and insights on Escalade stock.
Escalade Inc. (ESCA) delivers innovative sporting goods and recreational products through brands like Goalrilla basketball systems and Silverback game tables. This news hub provides investors and industry professionals with essential updates about the company's market position and strategic initiatives.
Access consolidated information on ESCA's financial announcements, product developments, and operational milestones. Our repository features official press releases alongside curated analysis of corporate partnerships and manufacturing innovations in the recreational equipment sector.
Key updates include quarterly earnings reports, leadership changes, facility expansions, and new product launches across ESCA's archery, fitness, and outdoor recreation divisions. Track the company's progress in maintaining quality standards while expanding its North American distribution network and international market presence.
Bookmark this page for streamlined access to ESCA's latest corporate communications. Regularly updated content helps stakeholders monitor the company's performance in the competitive sporting goods industry and make informed decisions based on verified information.
STIGA has launched its new Paragon Table Tennis Table in the US market, marking a significant product release in their high-performance equipment lineup. The table features a 25mm tournament-grade play surface designed for optimal speed and consistency.
Key technical features include a dual-bow chassis, multi-point leveling system, and reinforced aluminum frame for enhanced stability. The table's distinctive sculpted arc-leg design combines aesthetic appeal with structural durability, while integrated LED lighting enables customizable playing environments.
The Paragon is exclusively available through STIGAus.com, targeting serious players and table tennis enthusiasts who seek professional-grade equipment.
Escalade (NASDAQ: ESCA) reported its Q4 and full-year 2024 results, showing mixed performance. Q4 saw a 2.4% decrease in net sales to $63.9 million, with net income of $2.7 million ($0.19 per share). Full-year 2024 results showed a 4.6% decline in net sales to $251.5 million, though operating income increased 12.3% to $20.0 million.
The company improved its gross margin by 130 basis points to 24.7% for the full year. Notable operational achievements include reducing inventory by 18%, decreasing total headcount by 23% over two years, and reducing facility square footage by 20%. The company generated $36.0 million in operating cash flow, using $25 million to reduce debt, achieving a net leverage ratio of 0.8x.
The Board authorized a new $20.0 million share repurchase program and declared a quarterly dividend of $0.15 per share, payable April 14, 2025.
Escalade (NASDAQ: ESCA), a manufacturer and distributor of sporting goods and indoor/outdoor recreational equipment, has scheduled its fourth quarter and full year 2024 financial results announcement for Wednesday, February 26, 2025, before market opening. The company will host a conference call at 11:00 a.m. ET on the same day to discuss the results and conduct a Q&A session.
The conference call will be accessible via webcast through Escalade's Investor Relations website. Participants can join the live teleconference using domestic (844-481-2516) or international (412-317-0544) dial-in numbers. A replay will be available until March 12, 2025, accessible via domestic (844-512-2921) and international (412-317-6671) numbers using Conference ID 10196141.
Escalade (NASDAQ: ESCA) has appointed Armin Boehm as Chief Executive Officer and President, effective April 1, 2025. Boehm will succeed Walter P. Glazer, Jr., who announced his retirement plans in August 2024. Glazer will continue serving as Chairman of the Board of Directors.
Boehm brings over 30 years of leadership experience across global brands. He most recently served as Chief Commercial Officer at Gibson Inc., where he drove growth for musical instrument brands. His previous roles include leading commercial operations at Amer Sports for brands like Salomon and Wilson, managing operations for Puma in Asia, and leading innovation initiatives at Levi Strauss and Adidas.
The appointment follows an extensive search process, with the company emphasizing Boehm's strategic mindset and extensive global experience in the sporting goods industry as key factors in his selection.
Escalade (NASDAQ: ESCA) reported Q3 2024 results with net sales of $67.7 million, down 7.7% year-over-year, while net income increased to $5.7 million ($0.40 per diluted share) from $4.3 million ($0.31 per share) in Q3 2023. The company achieved a gross margin of 24.8% despite absorbing $2.3 million in non-recurring business rationalization expenses and recognized a $3.9 million gain on asset sales. For the nine months ended September 30, 2024, net sales declined 5.3% to $187.6 million, while net income rose to $10.3 million ($0.73 per share). The company reduced total debt to $29.5 million from $72.0 million year-over-year and maintained strong liquidity with $73.3 million in cash and credit availability.
Escalade, Inc. (NASDAQ: ESCA), a leading manufacturer and distributor of sporting goods and indoor/outdoor recreational equipment, has announced its third quarter 2024 results conference call. The company will release its financial results before the market opens on Thursday, October 24, 2024. A conference call is scheduled for the same day at 11:00 a.m. ET to discuss the results and answer questions.
Investors can access the webcast through Escalade's website in the Investor Relations section. For those participating in the live teleconference, domestic callers can dial 877-300-8521, while international callers should use 412-317-6026. A replay of the call will be available until November 7, 2024, accessible via 844-512-2921 for domestic callers and 412-317-6671 for international callers, using the Conference ID: 10193511.
Escalade, Incorporated (Nasdaq: ESCA) has announced a new partnership for its US Weight subsidiary, which will become the official U.S. distributor of adidas Fitness accessories. This collaboration with RFE International, the global licensee of adidas home fitness products, enhances US Weight's portfolio of fitness brands, including Lifeline Fitness, US Weight, and The Step.
The partnership aims to bring adidas' innovative fitness accessories to a wider U.S. audience, catering to both professional athletes and fitness enthusiasts. Distribution of adidas Fitness products will begin immediately, with products available through select retail partners, fitness specialty stores, and online by January 2025.
This strategic move aligns with Escalade's mission to offer world-class products promoting active and healthy lifestyles, positioning US Weight at the forefront of the fitness market.
Escalade, Incorporated (Nasdaq: ESCA), a leading manufacturer of sporting goods and recreational equipment, celebrated its 51st anniversary as a Nasdaq-listed company by ringing the Closing Bell on August 23, 2024. This milestone places Escalade in the top 1% for longevity on the Nasdaq.
CEO Walter P. Glazer, Jr. highlighted the company's resilience through various challenges, attributing its success to the grit and determination of its 446 employees across the USA and China. Escalade's history dates back to 1922, with the company joining Nasdaq in 1973 under the ticker symbol ESCA.
Glazer emphasized Escalade's commitment to innovation and progression, stating, "50 years on the Nasdaq is incredible, but we're not looking back, we are charging forward. Here's to the next 50 years."
Escalade Inc (NASDAQ: ESCA) announced that CEO Walter P. Glazer, Jr. will retire by the end of 2024. The Board will conduct a comprehensive search for his successor, considering both internal and external candidates. Glazer, a long-time shareholder and Director, will continue serving on the Board after retirement, pending shareholder approval.
Under Glazer's leadership, Escalade achieved significant growth, navigated the post-pandemic market, acquired Brunswick Billiards, implemented a decentralized structure, and focused on capital allocation and asset optimization. He successfully guided the company through the COVID-19 pandemic, maintaining strong operational and financial performance.
Ned Williams, Lead Independent Director, praised Glazer's dedication and leadership, highlighting his role in positioning the company for long-term success. Escalade, founded in 1922, designs, manufactures, and sells sporting goods, fitness, and recreation equipment under various brands.
Escalade, Inc. (NASDAQ: ESCA) has completed the sale of its facility in Rosarito, Mexico, along with related assets. This move is part of the company's strategy to optimize its operational footprint, improve organizational efficiency, and enhance asset utilization. Operations have been consolidated into other Escalade facilities in North America. The proceeds from the sale will be used to reduce the company's higher cost variable rate debt.
Escalade, founded in 1922 and headquartered in Evansville, Indiana, designs, manufactures, and sells sporting goods, fitness, and indoor/outdoor recreation equipment. The company's brand portfolio includes Bear® Archery, STIGA® table tennis, Accudart®, RAVE Sports®, Victory Tailgate®, Onix® Pickleball, Goalrilla™, Lifeline® fitness products, Woodplay®, and American Heritage Billiards®.
