ESCA
Escalade, Incorporated13.13
+0.09+0.69%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Tariff refund potential surfaces in Q&A
Q&A added light but useful color on a few fronts. The new 110,000 sq ft Illinois facility targets warehousing for fitness and safety growth, with potential for consolidations or acquisitions. Higher-price brands like Bear Archery drove resilient demand and margin lift, while entry-level products weakened. Management pegged potential tariff refunds at $4-5M if Supreme Court rules favorably—a meaningful cash boost. No near-term price hikes planned despite tariff flux. Tariff refunds could boost cash meaningfully. Overall, answers largely reaffirmed the scripted pivot to profitable growth; investors will watch tariff clarity and mix trends.
Key Stats
Market Cap
181.24MP/E (TTM)
14.27Basic EPS (TTM)
0.92Dividend Yield
0.05%Recent Filings
8-K
Griffin named permanent CEO
Escalade's board appointed Patrick J. Griffin as full-time CEO and President on March 5, 2026, ending his interim role since October 29, 2025. Griffin, a director since 2012 and long-time executive, steps up with no compensation changes from his November 10, 2025 offer letter. Leadership stabilized.
8-K
Q4 sales dip, profits rise
Escalade reported Q4 2025 net sales down 2.2% to $62.6M yet net income rose to $3.7M or $0.27/share from $2.7M, with gross margins up 280bps to 27.7% on efficiencies. Full-year sales fell 4.5% to $240.2M but debt plunged 27.9% to $18.5M, net leverage at 0.3x. Board hiked dividend to $0.1525/share, payable April 13. Balance sheet strengthens.
10-K
FY2025 results
Escalade's FY2025 net sales fell 4.5% y/y to $240M, reflecting softer demand across most categories yet buoyed by archery, billiards, and fitness gains; gross margins expanded to 26.9% from 24.7% via lower manufacturing costs and a leaner footprint. Operating income slipped to 7.8% of sales while SG&A edged up 0.7% to $43.6M on CEO transition costs—still, net income rose 5.5% to $13.7M or $0.99 diluted EPS. Q4 saw $72K share repurchases at ~$12.80 while term debt dropped to $18.5M; revolver stayed undrawn with $52.9M availability. Gold Tip and AllCornhole buys bolstered archery and cornhole late-year. Inventory shed $7.5M y/y to $68.5M. Steady $0.15/share dividends held. Customer concentration risks loom large.
8-K
Acquires AllCornhole assets
10-Q
Q3 FY2025 results
Escalade held Q3 sales flat at $67.8M y/y while lifting gross margin to 28.1% from 24.8%, thanks to lower fixed costs despite tariff pressures; operating income dipped to $7.3M from $7.9M. YTD revenue fell 5.3% to $177.6M y/y, with margins up to 26.6% and operating income at $13.6M versus $15.5M. Diluted EPS of $0.40 reconciles to 13.9M shares. Cash fell to $3.5M after $16.1M operating cash flow less $1.3M capex and $1.8M Gold Tip acquisition (Q3 close, $1.5M trademarks over 20 years); term debt dropped to $20.2M with $60M revolver undrawn, covenants met. Debt pays down steadily. Leadership just changed.
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