earnings
confidence high
sentiment positive
materiality 0.70
Escalade Q1 net sales up 22.3% to $72.4M; EPS $0.49 vs $0.39; dividend raised 7.1%
ESCALADE INC
2022-Q1 EPS reported
$0.49
revenue$72,380,000
- Net sales $72.4M (+22.3% YoY); organic growth 12.2%; diluted EPS $0.49 vs $0.39.
- Gross margin 27.8% (down 165 bps) on supply chain cost inflation; SG&A dropped to 14.5% of sales.
- Operating income $9.0M (+26.6%); net income $6.7M (+22.3%).
- Quarterly dividend raised 7.1% to $0.15/share; payable June 7 to holders of record May 31.
- Completed Brunswick Billiards acquisition in Q1; expect accretion in H2 2022.