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 reports developments tied to its sporting goods, safety, fitness, and indoor/outdoor recreation equipment business. The company designs, manufactures, and sells branded products such as Goalrilla basketball hoops, STIGA table tennis, Bear Archery equipment, Brunswick Billiards tables, Accudart darts, ONIX pickleball products, Lifeline fitness products, RAVE Sports water recreation products, Victory Tailgate games, and related recreation brands sold online and through retailers.
Recurring news includes quarterly and full-year results, gross margin and cash-flow commentary, dividend actions, capital allocation, and additions to the product portfolio through completed acquisitions such as Gold Tip, Bee Stinger, and AllCornhole. Corporate updates also cover executive appointments, board actions, and scheduled earnings conference calls.
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®.
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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