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, Inc. (NASDAQ: ESCA) announced it will release its fourth quarter and full-year 2022 results on February 22, 2023, before the market opens. A conference call will take place on the same day at 11:00 a.m. ET to discuss these results and recent company events. Investors can access a live webcast on Escalade's website, and a replay will be available until March 8, 2023. The release emphasizes the company's commitment to its sporting goods business, highlighting its diverse range of recreational equipment brands. Forward-looking statements address risks including market acceptance and supply chain disruptions.
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.