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) 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.
For the second quarter of 2021, Escalade, Incorporated (NASDAQ: ESCA) reported a 19.3% increase in revenue, totaling $99.7 million. Despite this growth, the gross margin declined by 267 basis points to 25.2%. Operating income was $10.7 million, down slightly from $10.9 million in Q2 2020. Diluted earnings per share stood at $0.58. Year-to-date sales rose 31.5% with net income increasing 27.3%. Escalade faces ongoing cost pressures but maintains sufficient inventory to meet demand.
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.