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.
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®.
Escalade (NASDAQ: ESCA) reported Q2 2024 results with net sales of $62.5 million, down 7.7% year-over-year. Net income was $2.8 million ($0.20 per diluted share), compared to $3.6 million ($0.26 per share) in Q2 2023. For the first half of 2024, net sales declined 3.9% to $119.8 million, while net income increased to $4.6 million ($0.33 per share) from $2.7 million ($0.20 per share) in 2023.
The company generated $13.3 million in operating cash flow and reduced total debt to $43.2 million. Gross margin slightly declined to 24.2%. Escalade maintained its quarterly dividend of $0.15 per share. Management cited softening consumer demand and channel inventory destocking as challenges, while highlighting growth in table tennis, archery, and billiards brands.
Escalade (NASDAQ: ESCA), a leading manufacturer and distributor of sporting goods and recreational equipment, has announced its second quarter 2024 results conference call. The company will release its financial results before the market opens on Thursday, July 25, 2024. A conference call and webcast will be held at 11:00 a.m. ET on the same day 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 August 8, 2024, accessible via 844-512-2921 for domestic callers and 412-317-6671 for international callers, using the Conference ID 10190860.
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