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. (NASDAQ: ESCA) is a manufacturer and distributor of sporting goods, fitness products, and indoor/outdoor recreation equipment headquartered in Evansville, Indiana. Founded in 1922, the company highlights a long operating history and has traded on the Nasdaq exchange under the ESCA ticker for more than five decades. Its news flow reflects both its role as a branded sporting goods company and its status as a public issuer.
News about Escalade often centers on its financial performance and quarterly reporting. The company regularly issues press releases on first, second, and third quarter results, discussing net sales, gross margin trends, earnings, cash flow, and capital allocation decisions such as dividends and share repurchases. These releases also include management commentary on consumer demand, tariffs, supply chain dynamics, and category performance in areas such as archery, table tennis, billiards, safety, and outdoor recreation.
Another key theme in Escalade’s news is strategic activity in its core categories. The company has announced acquisitions such as Gold Tip and Bee Stinger in archery and the AllCornhole assets in the cornhole market. These updates describe how new brands complement existing portfolios like Bear Archery®, Trophy Ridge®, Cajun Bowfishing®, and Victory Tailgate®, and how they expand offerings for target archery, bowhunting, and competitive cornhole.
Corporate governance and leadership changes also appear in Escalade’s news, including announcements of executive transitions and related board decisions. In addition, milestone events such as ringing the Nasdaq MarketSite Closing Bell to celebrate its long Nasdaq listing history provide historical and cultural context.
Investors and followers of ESCA can use this news page to review earnings announcements, acquisition updates, dividend declarations, executive changes, and other company communications that shape Escalade’s trajectory in the sporting goods and recreation equipment industry.
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.
Escalade, Inc. (NASDAQ: ESCA) will release its second quarter 2022 financial results on August 4, 2022, before market opening. A conference call is scheduled for the same day at 11:00 a.m. ET to discuss the results and answer questions. Interested parties can listen to the call via a live webcast at Escalade’s website. The replay will be available until August 18, 2022. Escalade, founded in 1922, specializes in sporting goods and recreational equipment.
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.