Escalade Stock Price, News & Analysis

Escalade, Inc. (NASDAQ: ESCA) reported fourth quarter and full year 2022 financial results on February 22, 2023. For Q4 2022, net sales decreased by 1.8% to $72.1 million, with organic sales down 14.4%. Operating income dropped 23.8% to $4.9 million, and net income fell to $2.7 million ($0.20 per diluted share). Full year sales remained flat at $313.8 million, but organic sales decreased 9.8%. Gross margin was 23.5%, down 112 basis points. The company announced a $0.15 cash dividend to shareholders. Management anticipates challenging conditions in Q1 2023 due to high inventory and soft consumer demand.

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.