Escalade Inc (ESCA)

Escalade Reports First Quarter 2026 ResultsApril 30, 2026 6:30 AM
PR Newswire (US)

EVANSVILLE, Ind., April 30, 2026 /PRNewswire/ -- Escalade, Inc. (NASDAQ: ESCA, or the "Company"), a leading manufacturer and distributor of sporting goods and indoor/outdoor recreational equipment, today announced results for the first quarter 2026.







FIRST QUARTER 2026 HIGHLIGHTS
(As compared to the first quarter 2025)Net sales increased 0.6% to $55.8 millionGross margin improved 408 basis points, to 30.7%Operating income increased 59.8% to $5.8 millionNet income of $4.4 million, or $0.32 earnings per diluted share, compared to $2.6 million, or $0.19 earnings per diluted share, an increase in earnings per diluted share of 67.2%EBITDA totaled $7.1 million, an increase of 44.1%Cash provided by operations of $6.1 million vs $3.8 million in 2025For the three months ended March 31, 2026, Escalade posted net sales of $55.8 million, net income of $4.4 million and diluted earnings per share of $0.32.Total net sales increased 0.6% on a year-over-year basis in the first quarter, primarily due to increases in our archery categories resulting from the recent Gold Tip acquisition. Net sales also benefitted from increased demand in the billiards and safety categories. These increases were partially offset by a decline in sales in the outdoor and indoor game categories.Escalade reported first quarter gross margin of 30.7%, an increase of 408 basis points versus the prior-year period, primarily driven by lower fixed costs and favorable sales mix.Net income for the first quarter of 2026 was $4.4 million, or $0.32 diluted earnings per share, compared to net income of $2.6 million, or $0.19 diluted earnings per share, for the same quarter in 2025.Earnings before interest, taxes, depreciation, and amortization ("EBITDA") increased $2.2 million to $7.1 million in the first quarter of 2026, versus $4.9 million in the prior-year period.During the first quarter of 2026, the Company generated $6.1 million in cash flow from operations, an increase of $2.4 million relative to the first quarter of last year. The improvement in cash flow from operations was primarily attributable to an increase in profitability and a reduction in cash flow used for working capital purposes.Total debt at the end of the quarter was $16.7 million, down from $23.8 million at the end of the first quarter last year, and $18.5 million at the end of 2025.Total cash and equivalents as of March 31, 2026 was $13.1 million, while availability on the senior secured revolving credit facility maturing in 2027 was $57.9 million. At the end of the first quarter 2026, net debt (total debt less cash) was 0.1x trailing twelve-month EBITDA.Escalade announced a quarterly dividend of $0.1525 per share to be paid to all shareholders of record on July 6, 2026 and payable on July 13, 2026.MANAGEMENT COMMENTARY"We delivered a strong improvement in profitability in the first quarter, including more than 400 basis points of gross margin expansion and a 44% increase in EBITDA compared with the prior-year period," said Patrick J. Griffin, President and Chief Executive Officer of Escalade. "These results reflect our continued focus on operational excellence, the accretive contribution from the Gold Tip archery acquisition, and a favorable sales mix.""Against a challenging macroeconomic backdrop, we remain focused on driving continued gains in profitability and operating cash flow," Griffin continued. "Our performance underscores the benefits of our improved operating model driven by cost-control and efficiency initiatives, as well as our efforts to strengthen the portfolio through both organic investment and strategic acquisitions.""As we look to the balance of the year, inflationary pressures, including elevated energy costs, will likely weigh on consumer spending," Griffin added. "At the same time, many of our products offer consumers affordable, at-home alternatives to higher-cost forms of recreation and entertainment, such as travel. If the current macroeconomic and geopolitical conditions persist, then this will likely drive input costs higher while softening consumer demand for discretionary goods. However, despite these challenging conditions, we believe our operational improvements will enable us to deliver gross margins above prior year.""Our balance sheet remains strong, providing ample financial flexibility to pursue additional accretive acquisitions, and we continue to develop our pipeline of opportunities," Griffin concluded. "Our disciplined approach to capital allocation is centered on generating attractive returns and remains fundamental to our strategy for delivering long-term shareholder value."CONFERENCE CALLA conference call will be held Thursday, April 30, 2026, at 11:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of Escalade's website at www.escaladeinc.com.  To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download, and install any necessary audio software.To participate in the live teleconference:
Domestic Live:                     1-833-890-3250
International Live:                1-412-206-6441To listen to a replay of the teleconference, which subsequently will be available through May 14, 2026:Domestic Replay:                 1-844-512-2921
International Replay:            1-412-317-6671
Conference ID:                     10208339USE OF NON-GAAP FINANCIAL MEASURESIn addition to disclosing financial statements in accordance with U.S. generally accepted accounting principles ("GAAP"), this release contains the non-GAAP financial measure known as "EBITDA." A reconciliation of this non-GAAP financial measure is contained at the end of this press release. EBITDA is a non-GAAP financial measure that Escalade uses to facilitate comparisons of operating performance across periods. Escalade believes the disclosure of EBITDA provides useful information to investors regarding its financial condition and results of operations. Non-GAAP measures should be viewed as a supplement to and not a substitute for the Company's U.S. GAAP measures of performance and the financial results calculated in accordance with U.S. GAAP and reconciliations from these results should be carefully evaluated. Non-GAAP measures have limitations as an analytical tool and should not be considered in isolation or in lieu of an analysis of the Company's results as reported under U.S. GAAP and should be evaluated only on a supplementary basis.ABOUT ESCALADE Founded in 1922, and headquartered in Evansville, Indiana, Escalade designs, manufactures, and sells sporting goods, safety, fitness, and indoor/outdoor recreation equipment. Our mission is to connect family and friends, create lasting memories, and play life to the fullest. Leaders in our respective categories, Escalade's distinct and acclaimed brands include Goalrilla™ in-ground basketball hoops; STIGA® tennis tables and accessories; Bear® Archery and archery equipment; Brunswick Billiards® tables and accessories; Accudart® darting; ONIX® pickleball; Lifeline® fitness products; and RAVE Sports® water recreation products. Escalade's products are available online and through leading retailers nationwide. For more information about Escalade's diverse and prominent brand portfolio, history, financials, and governance, please visit www.escaladeinc.com.INVESTOR RELATIONS CONTACTWesley Smith
Vice President, Financial Reporting & Investor Relations
812-467-1334FORWARD-LOOKING STATEMENTS This report contains statements that we believe are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Rule 3b-6 promulgated thereunder. All statements, other than statements of historical fact, are forward-looking statements. These statements relate to our financial condition, results of operations, plans, objectives, future performance, capital actions or business. They usually can be identified by the use of forward-looking language such as "will likely result," "may," "are expected to," "is anticipated," "potential," "estimate," "forecast," "projected," "intends to," or may include other similar words or phrases such as "believes," "plans," "trend," "objective," "continue," "remain," or similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "might," "can," or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties. These risks include, but are not limited to: Escalade's ability to achieve its business objectives; Escalade's plans and expectations surrounding the transition to its new Chief Executive Officer and all potential related effects and consequences; Escalade's ability to successfully implement actions to lessen the potential impacts of tariffs, a potential trade war with China and other trade restrictions applicable to our products and raw materials, including impacts on the costs of producing our goods, importing products and materials into our markets for sale, and on the pricing of our products; our international operations, including any related to political uncertainty and geopolitical tensions; Escalade's ability to successfully achieve the anticipated results of strategic transactions, including the integration of the operations of acquired assets and businesses and of divestitures or discontinuances of certain operations, assets, brands, and products; the continuation and development of key customer, supplier, licensing and other business relationships; Escalade's ability to protect its intellectual property; Escalade's ability to develop and implement our own direct to consumer e-commerce distribution channel; the impact of competitive products and pricing; product demand and market acceptance; new product development; Escalade's ability to successfully negotiate the shifting retail environment and changes in consumer buying habits; the financial health of our customers; disruptions or delays in our business operations, including without limitation disruptions or delays in our supply chain, arising from political unrest, war, terrorist attacks, labor strikes, natural disasters, public health crises such as the coronavirus pandemic, and other events and circumstances beyond our control; the evaluation and implementation of remediation efforts designed and implemented to enhance the Company's control environment; the potential identification of one or more additional material weaknesses in the Company's internal control of which the Company is not currently aware or that have not yet been detected; Escalade's ability to control costs, including managing inventory levels; general economic conditions, including inflationary pressures; fluctuation in operating results; changes in foreign currency exchange rates; changes in the securities markets; continued listing of the Company's common stock on the NASDAQ Global Market; the Company's inclusion or exclusion from certain market indices; Escalade's ability to obtain financing, to maintain compliance with the terms of such financing and to manage debt levels; the availability, integration and effective operation of information systems and other technology, and the potential interruption of such systems or technology; the potential impact of actual or perceived defects in, or safety of, our products, including any impact of product recalls or legal or regulatory claims, proceedings or investigations involving our products; risks related to data security of privacy breaches; the potential impact of regulatory claims, proceedings or investigations involving our products; Escalade's use of estimates in its financial reporting as well as in its forward looking statements; and other risks detailed from time to time in Escalade's filings with the Securities and Exchange Commission. Escalade's future financial performance could differ materially from the expectations of management contained herein. Escalade undertakes no obligation to release revisions to these forward-looking statements after the date of this report.Escalade, Incorporated and SubsidiariesConsolidated Statements of Operations(Unaudited)






Three Months EndedAll Amounts in Thousands Except Per Share Data



March 31,
2026
March 31,
2025







Net sales



$55,785
$55,479







Costs and Expenses






Cost of products sold



38,636
40,689Selling, administrative and general expenses



10,733
10,571Amortization



581
567







Operating Income



5,835
3,652







Other Income (Expense)






Interest expense



(188)
(244)Interest income



74
--Other income



13
31







Income Before Income Taxes



5,734
3,439







Provision for Income Taxes



1,353
820







Net Income



$4,381
$2,619







Earnings Per Share Data:






Basic earnings per share



$0.32
$0.19Diluted earnings per share



$0.32
$0.19







Dividends declared



$  0.15
$  0.15
















 Consolidated Balance Sheets(Unaudited)



All Amounts in Thousands Except Share InformationMarch 31,
2026December 31,
2025March 31,
2025
(Unaudited)(Audited)(Unaudited)ASSETS


Current Assets:


Cash and cash equivalents$13,051$11,878$ 2,214Receivables, less allowance of $1,261; $1,226; and $617; respectively46,65846,31548,905Inventories73,58768,47477,001Prepaid expenses3,1243,3512,988Prepaid income tax--557--TOTAL CURRENT ASSETS136,420130,575131,108



Property, plant and equipment, net22,53822,35522,090Operating lease right-of-use assets1,3781,2761,071Intangible assets, net24,86425,44525,270Goodwill42,32642,32642,326Other assets24132209TOTAL ASSETS$227,550$222,109$222,074



LIABILITIES AND STOCKHOLDERS' EQUITY


Current Liabilities:


Current portion of long-term debt$16,667$ 7,143$ 7,143Trade accounts payable15,8299,15014,304Accrued liabilities10,70813,68010,148Income tax payable803--335Current operating lease liabilities617510426TOTAL CURRENT LIABILITIES44,62430,48332,356



Other Liabilities:


Long-term debt--11,30916,667Deferred income tax liability6,3036,3033,302Operating lease liabilities787798687Other liabilities----297          TOTAL LIABILITIES51,71448,89353,309



Stockholders' Equity:


Preferred stock:


Authorized 1,000,000 shares; no par value, none issued------Common stock:


Authorized 30,000,000 shares; no par value, issued and outstanding –
13,761,878; 13,696,311; and 13,756,393; shares respectively3,3063,0133,428Retained earnings172,530170,203165,337TOTAL STOCKHOLDERS' EQUITY175,836173,216168,765TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$227,550$222,109$222,074 Consolidated Statements of Cash Flows(Unaudited)


Three Months EndedAll Amounts in ThousandsMarch 31, 2026
March 31, 2025



Operating Activities:


Net income$4,381
$2,619Depreciation and amortization1,247
1,239Allowance for credit losses120
162Stock-based compensation412
467Loss on disposal of assets--
3Common stock issued in lieu of bonus to officers162
124Changes in assets and liabilities(180)
(823)Net cash provided by operating activities6,142
3,791



Investing Activities:


Purchase of property and equipment(848)
(543)Net cash used in investing activities(848)
(543)



Financing Activities:


Proceeds from issuance of long-term debt568
4,806Payments on long-term debt(2,354)
(6,592)Cash dividends paid(2,054)
(2,061)Purchase of stock(281)
(1,381)Net used in financing activities(4,121)
(5,228)Net increase (decrease) in cash and cash equivalents1,173
(1,980)Cash and cash equivalents, beginning of period 11,878
4,194Cash and cash equivalents, end of period$13,051
$2,214



Supplemental Cash Flows Information


Interest paid$162
$217Income taxes (refunded) paid, net($7)
$20







 Reconciliation of GAAP Net Income to Non-GAAP EBITDA(Unaudited)


Three Months EndedAll Amounts in Thousands March 31,
2026
March 31,
2025



Net Income (GAAP)$4,381
$2,619



Interest expense188
244Interest income(74)
--Income tax expense 1,353
820Depreciation and amortization1,247
1,239



EBITDA (Non-GAAP)$7,095
$4,922







 



View original content to download multimedia:https://www.prnewswire.com/news-releases/escalade-reports-first-quarter-2026-results-302757839.htmlSOURCE Escalade, Incorporated

Original: Escalade Reports First Quarter 2026 Results

Escalade Appoints Patrick J. Griffin as Chief Executive Officer and PresidentMarch 13, 2026 8:00 AM
PR Newswire (US)

EVANSVILLE, Ind., March 13, 2026 /PRNewswire/ -- The Board of Directors of Escalade, Incorporated, is pleased to announce the appointment of Patrick J. Griffin as full-time Chief Executive Officer and President effective March 5, 2026. Mr. Griffin has been serving as interim Chief Executive Officer and President.







"The Escalade Board appreciates Patrick's willingness to step in as interim CEO since October," said Walter P. Glazer Jr., Escalade's Chairman. "Patrick is a thoughtful, strategic leader who cares deeply about our people and understands the culture that has shaped our success. We look forward to working with him as he leads the Escalade team to build on our strong foundation and drive growth with clarity, integrity, and the will to win.""My family and I have been deeply invested in Escalade's long-term success, and it's an honor to serve as Chief Executive Officer and President," said Mr. Griffin. "Escalade is well-positioned for the future, with a vibrant culture, a talented team, strong financial footing, and leading brands in attractive niche categories. I look forward to working with our team and Board to build on this momentum, elevate performance, and deliver long-term value for our customers, team members, and shareholders."Mr. Griffin has served as an Escalade director and as Vice President, Corporate Development and Investor Relations since 2012. Prior to that, he was President of Martin Yale Group, a former Escalade subsidiary, and held other sales, marketing, and product management roles at Escalade dating back to 2002. Earlier in his career, Mr. Griffin held business development and strategic planning roles at Network Commerce, Webcentric, and Koch Industries.Mr. Griffin served on the board of Stiga Sports AB from 2007 to 2018. He has served on the Regency Properties Board of Managers since 2024.Mr. Griffin holds an MBA and an MA in Southeast Asian Studies from the University of Michigan, Ann Arbor. He earned BA degrees in history and economics from Trinity University in San Antonio, Texas.ABOUT ESCALADEFounded in 1922, and headquartered in Evansville, Indiana, Escalade designs, manufactures, and sells sporting goods, safety, fitness, and indoor/outdoor recreation equipment. Our mission is to connect family and friends, create lasting memories, and play life to the fullest. Leaders in our respective categories, Escalade's distinct and acclaimed brands include Goalrilla™ in-ground basketball hoops; STIGA® tennis tables and accessories; Bear® Archery and archery equipment; Brunswick Billiards® tables and accessories; Accudart® darting; ONIX® pickleball; Lifeline® fitness products; and RAVE Sports® water recreation products. Escalade's products are available online and through leading retailers nationwide. For more information about Escalade's diverse and prominent brand portfolio, history, financials, and governance, please visit www.escaladeinc.com.INVESTOR RELATIONS CONTACTWesley Smith
Vice President, Financial Reporting & Investor Relations
812-467-1334FORWARD-LOOKING STATEMENTSThis report contains statements that we believe are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Rule 3b-6 promulgated thereunder. All statements, other than statements of historical fact, are forward-looking statements. These statements relate to our financial condition, results of operations, plans, objectives, future performance, capital actions or business. They usually can be identified by the use of forward-looking language such as "will likely result," "may," "are expected to," "is anticipated," "potential," "estimate," "forecast," "projected," "intends to," or may include other similar words or phrases such as "believes," "plans," "trend," "objective," "continue," "remain," or similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "might," "can," or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties. These risks include, but are not limited to: Escalade's ability to achieve its business objectives; Escalade's plans and expectations surrounding the transition to its new Chief Executive Officer and all potential related effects and consequences; Escalade's ability to successfully implement actions to lessen the potential impacts of tariffs, a potential trade war with China and other trade restrictions applicable to our products and raw materials, including impacts on the costs of producing our goods, importing products and materials into our markets for sale, and on the pricing of our products; our international operations, including any related to political uncertainty and geopolitical tensions; Escalade's ability to successfully achieve the anticipated results of strategic transactions, including the integration of the operations of acquired assets and businesses and of divestitures or discontinuances of certain operations, assets, brands, and products; the continuation and development of key customer, supplier, licensing and other business relationships; Escalade's ability to protect its intellectual property; Escalade's ability to develop and implement our own direct to consumer e-commerce distribution channel; the impact of competitive products and pricing; product demand and market acceptance; new product development; Escalade's ability to successfully negotiate the shifting retail environment and changes in consumer buying habits; the financial health of our customers; disruptions or delays in our business operations, including without limitation disruptions or delays in our supply chain, arising from political unrest, war, terrorist attacks, labor strikes, natural disasters, public health crises such as the coronavirus pandemic, and other events and circumstances beyond our control; the evaluation and implementation of remediation efforts designed and implemented to enhance the Company's control environment; the potential identification of one or more additional material weaknesses in the Company's internal control of which the Company is not currently aware or that have not yet been detected; Escalade's ability to control costs, including managing inventory levels; general economic conditions, including inflationary pressures; fluctuation in operating results; changes in foreign currency exchange rates; changes in the securities markets; continued listing of the Company's common stock on the NASDAQ Global Market; the Company's inclusion or exclusion from certain market indices; Escalade's ability to obtain financing, to maintain compliance with the terms of such financing and to manage debt levels; the availability, integration and effective operation of information systems and other technology, and the potential interruption of such systems or technology; the potential impact of actual or perceived defects in, or safety of, our products, including any impact of product recalls or legal or regulatory claims, proceedings or investigations involving our products; risks related to data security of privacy breaches; the potential impact of regulatory claims, proceedings or investigations involving our products; Escalade's use of estimates in its financial reporting as well as in its forward looking statements; and other risks detailed from time to time in Escalade's filings with the Securities and Exchange Commission. Escalade's future financial performance could differ materially from the expectations of management contained herein. Escalade undertakes no obligation to release revisions to these forward-looking statements after the date of this report.



View original content to download multimedia:https://www.prnewswire.com/news-releases/escalade-appoints-patrick-j-griffin-as-chief-executive-officer-and-president-302713027.htmlSOURCE Escalade, Incorporated

Original: Escalade Appoints Patrick J. Griffin as Chief Executive Officer and President

Escalade Reports Fourth Quarter and Full Year 2025 ResultsFebruary 27, 2026 6:00 AM
PR Newswire (US)

EVANSVILLE, Ind., Feb. 27, 2026 /PRNewswire/ -- Escalade, Inc. (Nasdaq: ESCA, or the "Company"), a leading manufacturer and distributor of sporting goods and indoor/outdoor recreational equipment, today announced results for the fourth quarter and full year 2025.







FOURTH QUARTER 2025 RESULTS
(As compared to the fourth quarter 2024)Net sales decreased 2.2% to $62.6 millionGross margin improved 280 basis points, to 27.7%Net income of $3.7 million, or $0.27 per diluted share vs. $2.7 million, or $0.19 per diluted share for 2024EBITDA totaled $6.5 million, an increase of 9.3%Cash provided by operations of $14.9 million vs $12.3 million in 2024Total debt decreased 27.9% and net leverage was 0.3xIncreased quarterly dividend to $0.1525 per shareFULL YEAR 2025 RESULTS
(As compared to full year 2024)Net sales decreased 4.5% to $240.2 millionGross margin improved 219 basis points, to 26.9%Net income of $13.7 million, or $0.99 per diluted share vs. $13.0 million, or $0.93 per diluted share for 2024EBITDA totaled $23.9 million, a decrease of 8.4%Cash provided by operations of $31.0 million vs. $36.0 million in 2024For the fourth quarter ended December 31, 2025, Escalade reported net income of $3.7 million, or $0.27 per diluted share, versus net income of $2.7 million, or $0.19 per diluted share for the fourth quarter in 2024. Total net sales declined 2.2% on a year-over-year basis in the fourth quarter, primarily due to uneven consumer demand across the majority of the Company's product categories, partially offset by improved demand in the archery, billiards, and games categories.Escalade reported fourth quarter gross margin of 27.7%, an increase of 280 basis points versus the prior-year quarter, driven by improved operational efficiencies from lower fixed costs and decreased inventory storage and handling costs.Earnings before interest, taxes, depreciation, and amortization ("EBITDA") increased 9.3% to $6.5 million in the fourth quarter 2025, versus $5.9 million in the prior-year period. The increase in EBITDA compared to the fourth quarter of 2024 primarily reflects improved gross margins and the impact of the Gold Tip acquisition, partly offset by $0.5 million in non-recurring executive transition expenses.During the fourth quarter of 2025, the Company generated $14.9 million of cash flow from operations, compared to $12.3 million in the prior-year period. Operating cash flow during the fourth quarter reflected seasonal reductions in inventory associated with the holiday selling season, combined with the Company's efforts to reduce its inventory on hand.Total debt at the end of the quarter was $18.5 million, down 27.9% from $25.6 million at the end of the fourth quarter of last year.As of December 31, 2025, the Company had total cash and cash equivalents of $11.9 million, together with $52.9 million of availability on its senior secured revolving credit facility maturing in 2027. At the end of the fourth quarter 2025, net debt (total debt less cash) was 0.3x trailing twelve-month EBITDA, down from 0.8x at the end of the fourth quarter of 2024.Escalade announced a quarterly dividend of $0.1525 per share to be paid to all shareholders of record on April 6, 2026 and payable April 13, 2026.MANAGEMENT COMMENTARY"We concluded 2025 with strong margin performance, driven by disciplined operational execution across the business," said Patrick Griffin, Interim President and CEO of Escalade. "Fourth-quarter margins reflect the cost structure improvements implemented over the last year. Importantly, demand across our higher-value, premium brands remains resilient, and our diversified product portfolio continues to position us well to navigate an uncertain consumer environment."Griffin continued, "As we enter 2026, we are shifting our focus to drive growth while maintaining the operational discipline that delivered our strong performance in 2025. During the fourth quarter we completed the acquisition of AllCornhole, further expanding our presence in a premium, fast-growing category, and we acquired a 110,000 square foot facility to support growth in our safety and fitness categories. In addition, we completed the integration of the Gold Tip Archery acquisition, which closed in the third quarter and was immediately accretive during the fourth quarter.""Our shift to focus on growth is supported by a strong balance sheet and a continued focus on capital efficiency," Griffin added. "In the fourth quarter, we improved our cash flow 21.2% and reduced our total debt by 27.9%, resulting in net leverage of 0.3x. Reflecting the confidence we have in the long-term cash-generation profile of the business, our Board has approved an increase in our quarterly dividend to $0.1525 per share. Looking ahead, we remain focused on driving working capital efficiencies and we intend to deploy our strong free cash flow toward organic growth investments, strategic M&A, continued debt reduction, and a disciplined return of capital to shareholders."CONFERENCE CALLA conference call will be held Friday, February 27, 2026, at 11:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session.A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of Escalade's website at www.escaladeinc.com.  To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download, and install any necessary audio software.To participate in the live teleconference:Domestic Live:1-833-890-3250International Live:1-412-206-6441To listen to a replay of the teleconference, which subsequently will be available through March 13, 2026:Domestic Replay:1-844-512-2921International Replay:1-412-317-6671Conference ID:10206528USE OF NON-GAAP FINANCIAL MEASURESIn addition to disclosing financial statements in accordance with U.S. generally accepted accounting principles ("GAAP"), this release contains the non-GAAP financial measure known as "EBITDA." A reconciliation of this non-GAAP financial measure is contained at the end of this press release. EBITDA is a non-GAAP financial measure that Escalade uses to facilitate comparisons of operating performance across periods. Escalade believes the disclosure of EBITDA provides useful information to investors regarding its financial condition and results of operations. Non-GAAP measures should be viewed as a supplement to and not a substitute for the Company's U.S. GAAP measures of performance and the financial results calculated in accordance with U.S. GAAP and reconciliations from these results should be carefully evaluated. Non-GAAP measures have limitations as an analytical tool and should not be considered in isolation or in lieu of an analysis of the Company's results as reported under U.S. GAAP and should be evaluated only on a supplementary basis.ABOUT ESCALADE Founded in 1922, and headquartered in Evansville, Indiana, Escalade designs, manufactures, and sells sporting goods, fitness, and indoor/outdoor recreation equipment. Our mission is to connect family and friends, create lasting memories, and play life to the fullest. Leaders in our respective categories, Escalade's distinct and acclaimed brands include Goalrilla™ in-ground basketball hoops; STIGA® tennis tables and accessories; Bear® Archery and archery equipment; Brunswick Billiards® tables and accessories; Accudart® darting; ONIX® pickleball; Lifeline® fitness products; and RAVE Sports® water recreation products. Escalade's products are available online and through leading retailers nationwide. For more information about Escalade's diverse and prominent brand portfolio, history, financials, and governance, please visit www.escaladeinc.com.INVESTOR RELATIONS CONTACT
Wesley Smith
Vice President, Financial Reporting & Investor Relations
812-467-1334FORWARD-LOOKING STATEMENTS This report contains statements that we believe are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Rule 3b-6 promulgated thereunder. All statements, other than statements of historical fact, are forward-looking statements. These statements relate to our financial condition, results of operations, plans, objectives, future performance, capital actions or business. They usually can be identified by the use of forward-looking language such as "will likely result," "may," "are expected to," "is anticipated," "potential," "estimate," "forecast," "projected," "intends to," or may include other similar words or phrases such as "believes," "plans," "trend," "objective," "continue," "remain," or similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "might," "can," or similar verbs. You should not place undue reliance on these statements, as they are subject to risks and uncertainties. These risks include, but are not limited to: Escalade's ability to achieve its business objectives; Escalade's plans and expectations surrounding the transition to its new Chief Executive Officer and all potential related effects and consequences; Escalade's ability to successfully implement actions to lessen the potential impacts of tariffs, a potential trade war with China and other trade restrictions applicable to our products and raw materials, including impacts on the costs of producing our goods, importing products and materials into our markets for sale, and on the pricing of our products; our international operations, including any related to political uncertainty and geopolitical tensions; Escalade's ability to successfully achieve the anticipated results of strategic transactions, including the integration of the operations of acquired assets and businesses and of divestitures or discontinuances of certain operations, assets, brands, and products; the continuation and development of key customer, supplier, licensing and other business relationships; Escalade's ability to protect its intellectual property; Escalade's ability to develop and implement our own direct to consumer e-commerce distribution channel; the impact of competitive products and pricing; product demand and market acceptance; new product development; Escalade's ability to successfully negotiate the shifting retail environment and changes in consumer buying habits; the financial health of our customers; disruptions or delays in our business operations, including without limitation disruptions or delays in our supply chain, arising from political unrest, war, terrorist attacks, labor strikes, natural disasters, public health crises such as the coronavirus pandemic, and other events and circumstances beyond our control; the evaluation and implementation of remediation efforts designed and implemented to enhance the Company's control environment; the potential identification of one or more additional material weaknesses in the Company's internal control of which the Company is not currently aware or that have not yet been detected; Escalade's ability to control costs, including managing inventory levels; general economic conditions, including inflationary pressures; fluctuation in operating results; changes in foreign currency exchange rates; changes in the securities markets; continued listing of the Company's common stock on the NASDAQ Global Market; the Company's inclusion or exclusion from certain market indices; Escalade's ability to obtain financing, to maintain compliance with the terms of such financing and to manage debt levels; the availability, integration and effective operation of information systems and other technology, and the potential interruption of such systems or technology; the potential impact of actual or perceived defects in, or safety of, our products, including any impact of product recalls or legal or regulatory claims, proceedings or investigations involving our products; risks related to data security of privacy breaches; the potential impact of regulatory claims, proceedings or investigations involving our products; Escalade's use of estimates in its financial reporting as well as in its forward looking statements; and other risks detailed from time to time in Escalade's filings with the Securities and Exchange Commission. Escalade's future financial performance could differ materially from the expectations of management contained herein. Escalade undertakes no obligation to release revisions to these forward-looking statements after the date of this report.Escalade, Incorporated and SubsidiariesConsolidated Statements of Operations(Unaudited, In Thousands Except Per Share Data)

Fourth Quarter Ended
Four Quarters EndedAll Amounts in Thousands Except Per Share DataDecember 31,
2025
December 31,
2024
December 31,
2025
December 31,
2024







Net sales$62,560
$63,942
$240,158
$251,510







Costs and Expenses






Cost of products sold45,208
47,994
175,513
189,306Selling, administrative and general expenses11,608
10,864
43,626
43,303Amortization591
571
2,292
2,802Gain on sale of assets held for sale--
--
--
(3,905)







Operating Income5,153
4,513
18,727
20,004







Other Income (Expense)






Interest expense(175)
(307)
(836)
(2,302)Other income (expense)28
61
131
74







Income Before Income Taxes5,006
4,267
18,022
17,776







Provision for Income Taxes 1,303
1,567
4,321
4,790







Net Income $3,703
$2,700
$13,701
$12,986







Earnings Per Share Data:






Basic earnings per share$ 0.27
$ 0.20
$ 1.00
$ 0.94Diluted earnings per share$ 0.27
$ 0.19
$ 0.99
$ 0.93







Dividends declared$ 0.15
$ 0.15
$ 0.60
$ 0.60







 Consolidated Balance Sheets(Unaudited, In Thousands)
All Amounts in Thousands Except Share Information
December 31,2025
December 31,2024




ASSETS



Current Assets:



          Cash and cash equivalents
$11,878
$ 4,194          Receivables, less allowance for credit losses of $1,226 and $694; respectively
46,315
48,768          Inventories
68,474
76,025          Prepaid expenses
3,351
4,372          Prepaid income tax
557
465    TOTAL CURRENT ASSETS
130,575
133,824




Property, plant and equipment, net
22,355
22,221Operating lease right-of-use assets
1,276
1,186Intangible assets, net
25,445
25,838Goodwill
42,326
42,326Other assets
132
935    TOTAL ASSETS
$222,109
$226,330




LIABILITIES AND STOCKHOLDERS' EQUITY



      Current liabilities:



          Current portion of long-term debt
$  7,143
$  7,143          Trade accounts payable
9,150
11,858          Accrued liabilities
13,680
15,050          Current operating lease liabilities
510
444      TOTAL CURRENT LIABILITIES
30,483
34,495




     Long-term debt
11,309
18,452     Deferred income tax liability, net
6,303
3,302     Operating lease liabilities
798
787     Other liabilities
--
297  TOTAL LIABILITIES
48,893
57,333




     Commitments and contingencies
--
--




     Stockholders' equity:



          Preferred stock



               Authorized:  1,000,000 shares, no par value, none issued
--
--          Common stock



               Authorized:  30,000,000 shares, no par value



               Issued and outstanding: 2025 —13,696,311 shares, 2024 —13,732,719 shares
3,013
4,218          Retained earnings
170,203
164,779TOTAL STOCKHOLDERS' EQUITY
173,216
168,997TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$222,109
$226,330 Consolidated Statements of Cash Flows(Unaudited, In Thousands)


Years EndedAll Amounts in Thousands
December 31,2025
December 31,2024Operating Activities:



     Net Income
$   13,701
$   12,986     Reconciling adjustments:



          Depreciation and amortization
5,063
6,041          Allowance for credit losses
983
747          Stock option and restricted stock unit expense
1,651
1,932          Issuance of common stock for service
242
--          Deferred income taxes
3,001
177          Loss (gain) on disposals of assets
7
(3,651)          Changes in



               Accounts receivable
1,469
470               Inventories
7,551
16,437               Prepaids and other assets
1,732
(1,724)               Accounts payable and accrued expenses
(4,386)
2,634                  Net cash provided by operating activities
31,014
36,049




Investing Activities:



     Purchase of property and equipment
(2,512)
(2,038)     Acquisitions
(2,300)
--     Proceeds from sale of property and equipment
--
5,967               Net cash (used in) provided by investing activities
(4,812)
3,929




Financing Activities:



     Dividends paid
(8,277)
(8,306)     Proceeds from issuance of long-term debt
26,208
114,785     Payments on long-term debt
(33,351)
(140,085)     Purchase of stock
(3,098)
(2,194)               Net cash used in financing activities
(18,518)
(35,800) Increase in Cash and Cash Equivalents
7,684
4,178 Cash and Cash Equivalents, beginning of year
4,194
16  Cash and Cash Equivalents, end of year 
$11,878
$4,194 Supplemental Cash Flows Information



     Interest paid
$  812
$  2,231     Income taxes paid, net
$  1,708
$  4,989 Reconciliation of GAAP Net Income to Non-GAAP EBITDA(Unaudited, In Thousands)

Fourth Quarter Ended
Four Quarters EndedAll Amounts in Thousands December 31,
2025
December 31,
2024
December 31,
2025
December 31,
2024







Net Income (GAAP)$3,703
$2,700
$13,701
$12,986







     Interest expense175
307
836
2,302     Income tax expense 1,303
1,567
4,321
4,790     Depreciation and amortization1,296
1,350
5,063
6,041







EBITDA (Non-GAAP)$6,477
$5,924
$23,921
$26,119 



View original content to download multimedia:https://www.prnewswire.com/news-releases/escalade-reports-fourth-quarter-and-full-year-2025-results-302699065.htmlSOURCE Escalade, Incorporated

Original: Escalade Reports Fourth Quarter and Full Year 2025 Results

ESCA Up 6.53% to $13.05

ESCA Up 4.25% to $12.98

ESCA Up 2.5% to $12.44

ESCA Up 7% to $12.27

Solid company here, but no volume so I'll wait for a pull back to jump in

Escalade (ESCA) declares dividend of $0.11 per share, or $0.44 annualized.

http://www.streetinsider.com/dr/news.php?id=11902211

Escalade Inc. (ESCA) Releases Earnings Results, Hits Expectations

Escalade Inc. (NASDAQ:ESCA) posted its quarterly earnings results on Thursday. The company reported $0.15 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.15. The business earned $48.50 million during the quarter, compared to analysts’ expectations of $44.35 million...

http://baseballnewssource.com/markets/escalade-inc-esca-releases-earnings-results-hits-expectations/58673/

ESCA Up 5% to $11.20

ESCA Up 6% to $10.69

Up 4.75% to $11.47

Up 4.38% to $11.43

ESCA Surging The Past 4 Trading Sessions.

UP 5% to $11.85 Today

Escalade Reports First Quarter 2016 Results

1 hour 27 minutes ago - DJNF
EVANSVILLE, Ind., April 15, 2016 /PRNewswire/ -- Escalade, Incorporated (NASDAQ: ESCA) announced that net sales for the first quarter of 2016 were $34.6 million, or 3% higher compared to net sales of $33.4 million for the same quarter in 2015. Net income for the first quarter of 2016 was $1.7 million, or $0.12 diluted earnings per share compared to net income of $3.5 million or $0.25 diluted earnings per share for the same quarter in 2015. During the first quarter, one of the Company's larger customers, The Sports Authority, filed for bankruptcy. At the time of the bankruptcy filing, accounts receivable due from The Sports Authority were $2.2 million.
Gross margin ratio for the first quarter of 2016 remained flat at 32% compared to the same quarter in 2015. Selling, general and administrative expenses (SG&A) were $7.8 million for the first quarter of 2016 compared to $5.9 million for the same period in 2015, an increase of $1.9 million, which is primarily due to one-time costs associated with bad debt expenses incurred related to Sports Authority's bankruptcy filing and increased marketing efforts and selling expenses for new portable basketball systems introduced in the first quarter of 2016 that will benefit future periods.

Other income for the first quarter of 2016 was adversely impacted from the operating results of the Company's 50% ownership in STIGA, a Swedish entity.

"The first quarter results were impacted by the additional expenses incurred for bad debt related to Sports Authority's bankruptcy filing announced in early March," stated Dave Fetherman, President and Chief Executive Officer of Escalade, Inc. "We continue to experience a decline in operating income due to the soft Archery category, but anticipate offsetting this decline with the introduction of our BearX crossbows, which began shipping in the second quarter. We have successfully introduced a new line of portable basketball systems, building on our strong Goalrilla, Goalsetter and Silverback brands and lead position within the in-ground basketball category. We expect these systems to be fully launched in the market by the end of the third quarter. Both of these new product categories are expected to have a positive impact on the second half of 2016. Our growth strategy of strategic acquisitions and internally developed product remains a focus for the Company, and we will continue executing on that strategy."

$10.77 HIT

Watchlisted: Bid: $10.72

~ Monday! $ESCA ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $ESCA ~ Earnings expected on Monday *
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One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








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*If the earnings date is in error please ignore error. I do my best.