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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Escalade's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Escalade's position in the market.
Rhea-AI Summary
Escalade, Inc. (NASDAQ: ESCA) announced its first quarter 2024 results showing positive growth in net sales, operating income, EBITDA, and net income compared to the same period in 2023. The company reported a 0.7% increase in net sales, reaching $57.3 million, with a gross margin improvement of 560 basis points. EBITDA increased to $4.4 million. Net income for the quarter was $1.8 million, resulting in $0.13 diluted earnings per share. Escalade's total debt decreased to $53.5 million from $95.2 million last year. The company also declared a quarterly dividend of $0.15 per share. Management highlighted the stabilization of demand and margin improvement, focusing on cost management, innovation, and product development to drive growth. The company aims to optimize its asset base, reduce debt, and invest in brand and product development in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.36%
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Rhea-AI Summary
Escalade, Inc. (NASDAQ: ESCA) announces the date for its first quarter 2024 results conference call, scheduled for April 25, 2024. The company will review financial performance, discuss recent events, and hold a Q&A session. A webcast will be available on their website. Participants can listen to the live broadcast or access a replay until May 9, 2024.
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Rhea-AI Sentiment
End-of-Day
1.74%
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Robert E. Griffin, the longtime CEO and Chairman of Escalade, Inc., passed away at the age of 89. He played a pivotal role in transforming Escalade into a leading sporting goods company, emphasizing diversification and growth. Under his leadership, Escalade's sales grew from $800,000 in 1962 to $155,000,000 in 2015. Griffin's legacy as a visionary leader, advocate for education, and proponent of a healthy lifestyle will be remembered.
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Rhea-AI Sentiment
End-of-Day
-4.09%
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Escalade, Inc. announced its fourth quarter and full year 2023 results, showcasing a decrease in net sales but improvements in gross margin and operating income. Despite a decline in sales, the company reported increased profitability, cash flow, and EBITDA in the fourth quarter. The company's strategic focus on reducing inventories and debt, along with maintaining price discipline, contributed to its financial performance. Escalade's management highlighted efforts to strengthen the balance sheet, improve margins, and prioritize debt reduction for the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.75%
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Rhea-AI Summary
Escalade, Inc. (ESCA) will release its Q4 and full-year 2023 results on April 1, 2024, followed by a conference call to discuss financial performance and recent events. Investors can access a webcast on the company's website and participate in the call for insights into future prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.25%
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Rhea-AI Summary
Escalade, Inc. reports third quarter and year-to-date results for 2023. Net sales decreased 2.1% in Q3, but gross margin improved by 652 basis points. Operating income increased by 52.7% and EBITDA totaled $7.9 million, a 35.7% increase. For the three quarters ended September 30, net sales decreased 18.0%. Cash provided by operations was $14.8 million in Q3, compared to cash used of $5.5 million in 2022. The company had total cash and equivalents of $0.9 million and net debt was 3.1x trailing twelve-month EBITDA. Escalade's Board of Directors declared a quarterly dividend of $0.15 per share of common stock.
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Rhea-AI Sentiment
End-of-Day
5.72%
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Escalade, Inc. to release Q3 2023 results and hold conference call
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-3.73%
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Rhea-AI Summary
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-0.8%
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Rhea-AI Summary
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10.52%
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Rhea-AI Summary
Escalade, Inc. reported a decline in net sales of 21.3% for the first quarter of 2023 compared to the same period in 2022. The company also experienced a significant decline in operating income and EBITDA. However, cash provided by operations improved compared to the previous year. Escalade plans to increase wholesale restocking in the second quarter as consumer demand is expected to improve.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.08%
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Escalade Inc
Nasdaq:ESCA
ESCA Rankings
ESCA Stock Data
183.11M
9.01M
35.03%
36.37%
0.54%
Sporting and Athletic Goods Manufacturing
Manufacturing
United States of America
EVANSVILLE
About ESCA
martin yale industries, llc is a u.s. manufacturer of print finishing, office and mailroom equipment designed to make work life more productive. founded in 1940, martin yale has over 75 years of experience designing, engineering, and manufacturing quality products for the office. with recognized industry leading brands such as premier® table-top trimmers and office machines, master® paper punches, catalog racks and reference systems, and mead-hatcher™ ergonomic computer management accessories, martin yale specializes in making office tasks simple and cost-effective. martin yale products are found in offices worldwide providing solid performance in every operation. whether you need office products that will organize your unruly desk or a folding machine that can fold stacks of paper in minutes, martin yale has the brands that drive the workplaces of the world one office at a time. why choose martin yale? • u.s. manufacturer • recognized brand leader • dedication to customer service • ac