Escalade Stock Price, News & Analysis

Holley Inc. (NYSE: HLLY) has elected Anita Sehgal, Senior Vice President of Marketing and Communications for the Houston Astros, to its Board of Directors during the Annual Meeting of Shareholders.

Sehgal, with extensive experience in consumer engagement and branding, replaces Gina Bianchini, who did not seek re-election. CEO Tom Tomlinson welcomed Sehgal's insights as Holley continues to expand its automotive enthusiast platform.

Holley, a leader in high-performance automotive products, emphasizes innovation and M&A strategies to enhance its diverse portfolio.

Escalade, Inc. (NASDAQ: ESCA) has expanded its Board of Directors from five to six members, electing Anita Sehgal, Senior VP of Marketing & Communications for the Houston Astros, during its Annual Meeting. With over two decades of marketing experience across various sectors, Sehgal brings a wealth of expertise. Her appointment is expected to enhance Escalade's consumer engagement, branding, and digital marketing strategies. The company, founded in 1922, is a leader in manufacturing sporting goods and recreational equipment.

Escalade reported a strong Q1 2022, with net sales rising 22.3% to $72.4 million and net income increasing to $6.7 million or $0.49 per diluted share. Organic growth was 12.2%, excluding acquisitions. The acquisition of Brunswick Billiards is expected to positively impact earnings starting in H2 2022. However, gross margin declined by 165 basis points due to supply chain challenges. A quarterly dividend of $0.15 has been announced. The company remains cautious about future supply chain pressures and potential demand slowdowns in fitness products.

Escalade, Inc. (ESCA) announced it will release its first quarter 2022 financial results on April 14, 2022, before market opening. A conference call is scheduled for the same day at 11:00 a.m. ET to discuss these results and recent events. Investors can access the call via the company's website, where a webcast and presentation materials will also be available. This session will provide insights into Escalade's performance as it focuses on its Sporting Goods segment amidst various market challenges.

Escalade, Incorporated (NASDAQ: ESCA) reported its Q4 2021 financial results, showing a revenue of $73.4 million, down 1.8% from Q4 2020. Diluted earnings per share remained flat at $0.36. Despite a 14.6% annual revenue increase to $313.6 million, net income declined by 5.9% year-over-year. Gross profit fell to $16.3 million, with gross margin dipping to 22.2%. The company anticipates ongoing supply chain challenges but plans to invest in innovations. A quarterly dividend of $0.15 per share was announced, payable on March 21, 2022.

Escalade, Inc. (NASDAQ: ESCA) has successfully acquired the assets of Brunswick Billiards® from Life Fitness, LLC, enhancing its foothold in the billiards and indoor recreation markets. This strategic acquisition is expected to broaden Escalade’s product offerings and strengthen its connection with consumers. CEO Walt Glazer emphasized the addition of this iconic brand boosts market leadership, as the teams collaborate for a seamless transition. Brunswick Billiards will continue operations from Bristol, Wisconsin, under General Manager John Kazik.

Escalade, Inc. (NASDAQ: ESCA) announced the acquisition of Brunswick Billiards, a leading brand in billiards equipment, from Life Fitness, LLC. The deal marks Escalade's entry into the indoor recreation market, complementing its existing portfolio of brands. Brunswick Billiards, founded in 1845, has a strong legacy of quality and innovation, making it a strategic addition. The transaction is expected to close in January 2022, pending customary conditions. This acquisition aims to leverage synergies in supply chain and enhance market presence.

Escalade, Incorporated has appointed Walter P. Glazer, Jr. as its full-time Chief Executive Officer and President, effective January 1, 2022. Glazer, who served as interim CEO since February 2021, has been a board member since 2015 and brings extensive leadership experience, including founding Speedball Art Products. The board expressed appreciation for his leadership as Escalade approaches its 100th year in business. Glazer aims to enhance value for consumers and shareholders through the company's diverse brand portfolio that includes sporting goods and recreational equipment.

Escalade, Inc. (NASDAQ: ESCA) reported Q3 2021 revenues of $81.3 million, an increase of 4.1% year-over-year but diluted EPS declined 39.5% to $0.43. Gross margin dropped 760 basis points to 22.5%, attributed to rising transportation and raw material costs. Year-to-date, sales rose 20.8%, while net income decreased 6.3%.

The company plans to tackle margin compression through price adjustments, product redesigns, and inventory management as it prepares for the holiday season.