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.
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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.