Earnings ·
Escalade reports Q3 EPS of $0.48 and declares $0.1525 quarterly dividend
ESCAEscalade Inc
Escalade reported third-quarter net sales of $65.6 million, a 3.2% decrease year-over-year, driven by lower demand in basketball and indoor games categories offset by strength in archery and safety products. Net income rose to $6.7 million, or $0.48 per diluted share, compared to $5.6 million, or $0.40 per diluted share, in the prior year period. Gross margin expanded 123 basis points to 29.4%, aided by improved cost absorption and a favorable sales mix. The company generated $14.9 million in operating cash flow and reduced total debt to $13.1 million. Additionally, the Board approved a quarterly dividend of $0.1525 per share, payable on January 11, 2027, to shareholders of record on January 4, 2027. Escalade designs, manufactures, and sells sporting goods, safety, fitness, pet, and indoor/outdoor recreation equipment.