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. (symbol: ESCA), founded in 1922 and headquartered in Evansville, Indiana, is a prominent manufacturer and distributor of sporting goods, fitness, and indoor/outdoor recreational equipment. The company's mission is to connect family and friends, creating lasting memories through high-quality products. Escalade's extensive brand portfolio includes Brunswick Billiards®, STIGA® table tennis, Accudart®, RAVE Sports® water recreation, Victory Tailgate® custom games, Onix® pickleball, Goalrilla™ basketball, Lifeline® fitness, Woodplay® playsets, and Bear® Archery.
Operating primarily in North America, Europe, and other international markets, Escalade generates a significant portion of its revenue from the North American region. The company's products are available online and at leading retailers worldwide, catering to a diverse range of recreational activities such as archery, table tennis, basketball, trampolines, play systems, fitness, and various game tables.
In recent years, Escalade has focused on strategic initiatives to enhance its product offerings and operational efficiency. The company has successfully launched new products, driven direct-to-consumer (DTC) sales, and improved inventory management. Notably, DTC sales have seen remarkable growth, with a more than 60% increase in the April to June period of 2022, driven by effective marketing campaigns and innovative product introductions.
Despite challenges such as reduced post-pandemic consumer demand and inflationary pressures, Escalade has demonstrated resilience. For the second quarter of 2023, the company reported net income of $3.6 million, highlighting improved cash flow from operations and significant inventory and debt reductions. The company's gross margin for the second quarter was 24.6%, and it generated $8.4 million in cash flow from operations.
Escalade's financial health remains strong, with total cash and equivalents of $0.6 million as of June 30, 2023, and $42.4 million available on its senior secured revolving credit facility maturing in 2027. The company's board of directors declared a quarterly dividend of $0.15 per share of common stock, payable on September 5, 2023.
In its third quarter of 2023, Escalade continued to demonstrate strong performance, with net income rising to $4.3 million. The company's gross margin improved significantly to 24.7%, driven by favorable product mix and lower costs associated with supply chain disruptions. Escalade remains focused on reducing debt, with substantial debt reduction achieved in recent quarters.
Looking ahead, Escalade anticipates continued growth opportunities through strategic cost control, working capital management, and balance sheet optimization. The company remains committed to enhancing shareholder value while supporting its customers and building a market-leading portfolio of high-quality and beloved brands for its loyal consumer base.
For more information about Escalade's many brands, history, financials, and governance, please visit www.escaladeinc.com.
Escalade, Inc. (NASDAQ: ESCA) announced it will release its fourth quarter and full-year 2022 results on February 22, 2023, before the market opens. A conference call will take place on the same day at 11:00 a.m. ET to discuss these results and recent company events. Investors can access a live webcast on Escalade's website, and a replay will be available until March 8, 2023. The release emphasizes the company's commitment to its sporting goods business, highlighting its diverse range of recreational equipment brands. Forward-looking statements address risks including market acceptance and supply chain disruptions.
Escalade, Inc. (NASDAQ: ESCA) reported Q3 2022 results with net sales of $74.9 million, a 7.9% decrease from Q3 2021. Organic sales fell 17.9%, and gross margin declined 432 basis points to 18.2%. Operating income dropped 45% to $4.2 million, with net income at $3 million ($0.22 per share). Year-to-date net sales increased slightly by 0.6% to $241.6 million, but organic sales declined 8.4%. Escalade announced a $0.15 cash dividend to shareholders. The company faces challenges from inflation and sluggish consumer demand but aims to optimize inventory and maintain liquidity for growth.
Escalade, Inc. (NASDAQ: ESCA) announced plans to release its third quarter 2022 financial results on October 27, 2022, before market opening. A conference call is set for the same day at 11:00 a.m. ET to discuss these results and answer questions. Interested parties can participate by calling the provided numbers or accessing a live webcast through Escalade's Investor Relations page. The replay will be available until November 10, 2022.
Escalade, Inc. (NASDAQ: ESCA) reported Q2 2022 results with net sales declining 5.4% to $94.3 million compared to Q2 2021. Organic sales fell 13%, while gross profit decreased by 5.4%, leading to a 23.4% decline in operating income to $8.2 million. Net income was $5.7 million or $0.42 per diluted share, down from $8.1 million in the prior year. Despite challenges like supply chain issues and inflation, gross margin remained stable at 25.2%. A quarterly dividend of $0.15 per share was declared for shareholders of record on September 6, 2022.
Escalade, Inc. (NASDAQ: ESCA) will release its second quarter 2022 financial results on August 4, 2022, before market opening. A conference call is scheduled for the same day at 11:00 a.m. ET to discuss the results and answer questions. Interested parties can listen to the call via a live webcast at Escalade’s website. The replay will be available until August 18, 2022. Escalade, founded in 1922, specializes in sporting goods and recreational equipment.
Holley Inc. (NYSE: HLLY) has elected Anita Sehgal, Senior Vice President of Marketing and Communications for the Houston Astros, to its Board of Directors during the Annual Meeting of Shareholders.
Sehgal, with extensive experience in consumer engagement and branding, replaces Gina Bianchini, who did not seek re-election. CEO Tom Tomlinson welcomed Sehgal's insights as Holley continues to expand its automotive enthusiast platform.
Holley, a leader in high-performance automotive products, emphasizes innovation and M&A strategies to enhance its diverse portfolio.
Escalade, Inc. (NASDAQ: ESCA) has expanded its Board of Directors from five to six members, electing Anita Sehgal, Senior VP of Marketing & Communications for the Houston Astros, during its Annual Meeting. With over two decades of marketing experience across various sectors, Sehgal brings a wealth of expertise. Her appointment is expected to enhance Escalade's consumer engagement, branding, and digital marketing strategies. The company, founded in 1922, is a leader in manufacturing sporting goods and recreational equipment.
Escalade reported a strong Q1 2022, with net sales rising 22.3% to $72.4 million and net income increasing to $6.7 million or $0.49 per diluted share. Organic growth was 12.2%, excluding acquisitions. The acquisition of Brunswick Billiards is expected to positively impact earnings starting in H2 2022. However, gross margin declined by 165 basis points due to supply chain challenges. A quarterly dividend of $0.15 has been announced. The company remains cautious about future supply chain pressures and potential demand slowdowns in fitness products.
Escalade, Inc. (ESCA) announced it will release its first quarter 2022 financial results on April 14, 2022, before market opening. A conference call is scheduled for the same day at 11:00 a.m. ET to discuss these results and recent events. Investors can access the call via the company's website, where a webcast and presentation materials will also be available. This session will provide insights into Escalade's performance as it focuses on its Sporting Goods segment amidst various market challenges.
Escalade, Incorporated (NASDAQ: ESCA) reported its Q4 2021 financial results, showing a revenue of $73.4 million, down 1.8% from Q4 2020. Diluted earnings per share remained flat at $0.36. Despite a 14.6% annual revenue increase to $313.6 million, net income declined by 5.9% year-over-year. Gross profit fell to $16.3 million, with gross margin dipping to 22.2%. The company anticipates ongoing supply chain challenges but plans to invest in innovations. A quarterly dividend of $0.15 per share was announced, payable on March 21, 2022.
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