Escalade Stock Price, News & Analysis

Escalade, Incorporated (NASDAQ: ESCA) reported robust first-quarter results for 2021, with revenue soaring to $59.2 million, a 58.7% increase year-over-year. This represents the fifth consecutive quarter of record sales. Diluted earnings per share reached $0.39, up 178.6% from the previous year. The growth was driven by strong demand in various product lines, particularly archery and outdoor categories. Despite facing challenges from supply chain issues and rising raw material costs, the company is committed to maintaining profit margins and reinvesting in business innovation.

Escalade, Incorporated (NASDAQ: ESCA) has declared a quarterly dividend of $0.14 per share, payable on March 24, 2021, to shareholders on record as of March 17, 2021. This announcement reaffirms Escalade's commitment to providing returns to its investors. The company is a leader in manufacturing and marketing sporting goods worldwide, with a diverse range of products across various sports categories.

Escalade, Inc. (NASDAQ: ESCA) appointed Walter P. Glazer, Jr. as Interim CEO and President effective February 19, 2021, following the resignation of Scott J. Sincerbeaux. Glazer, aged 62, has been a board director since 2015 and Chairman since 2018. He also leads Speedball Art Products. In his statement, Glazer emphasized Escalade's strong financial performance and commitment to invest in growth and team culture while announcing a search for a permanent CEO. Escalade is known for its wide range of sporting goods, including brands like Bear Archery and STIGA.

Escalade, Incorporated (NASDAQ: ESCA) reported a robust fourth quarter and full year financial performance for 2020. The company achieved a revenue of $74.8 million, up 58.9% year-over-year, marking its fourth consecutive record quarter.

Operating income increased by 97.1% to $6.9 million, with diluted earnings per share rising to $0.36 from $0.18.

Annual net sales reached $273.6 million, a 51.6% increase compared to 2019, driven by strong consumer demand across product lines. Gross margin improved to 27.3%, reflecting operational efficiencies and favorable sales mix.

Escalade Sports, a subsidiary of Escalade, Inc. (NASDAQ: ESCA), announced the acquisition of Revel Match LLC, doing business as RAVE Sports, on December 7, 2020. This strategic move enhances Escalade's portfolio in water recreation products, positioning the company for growth in a burgeoning market. RAVE Sports, founded in 1996, aligns with Escalade's vision for innovative outdoor equipment. CEO Scott Sincerbeaux expressed confidence in the acquisition being accretive to earnings in 2021, underlining the expansion into the water sports sector as a key growth initiative.

Escalade, Incorporated (NASDAQ: ESCA) has declared a quarterly dividend of $0.14 per share, payable on December 14, 2020, to shareholders of record as of December 7, 2020. This decision reflects the company's commitment to returning value to its shareholders while continuing its operations as a leading manufacturer and marketer of sporting goods products globally. Escalade Sports, headquartered in Evansville, IN, offers a wide range of recreational equipment under various renowned brands.

Escalade, Incorporated (NASDAQ: ESCA) reported a remarkable 70.6% year-over-year revenue increase for Q3 2020, totaling $78.1 million—a record for the quarter. Diluted earnings per share reached $0.71, a 306.7% rise from last year. The gross margin expanded to 30.1%, an 820 basis point improvement. Net income surged to $10.2 million compared to $2.5 million in 2019. The company attributes this growth to product innovation, increased demand, and effective supply chain management. Escalade also aims to enhance shareholder value through strategic investments and potential acquisitions.

On October 16, 2020, Escalade Sports announced the acquisition of American Heritage Billiards' assets, expanding their portfolio in recreational equipment. The deal was valued at $1.55 million, paid in cash at closing. This strategic acquisition allows Escalade to combine the American Heritage brand with its existing Cue & Case product line, enhancing its competitive edge in the billiards market. The integration is expected to leverage Escalade's manufacturing expertise and distribution relationships, aiming to accelerate growth and value creation in the billiards industry.

Escalade Sports announced the launch of its new Goalsetter Launch® series basketball hoops, designed for custom courts. The series features telescopic poles allowing smooth height adjustments from 7.5’ to 10’. Customers can easily assemble hoops within 45 minutes. The hoops include a 6” x 6” square steel pole and a corrosion-resistant paint process. Each purchase comes with a basketball net and options for four rim styles. The Launch series is backed by a lifetime warranty and is made entirely in the USA.