secwatch / observer
8-K filed October 27, 2022, 7:59 PM ET ticker ESCA CIK 0000033488
earnings confidence high sentiment negative materiality 0.70

ESCALADE INC (ESCA): debt financing — Escalade Q3 net sales down 7.9% to $74.9M; EPS $0.22 vs $0.43; credit line raised to $90M

ESCALADE INC

2022-Q3 EPS reported $1.12 revenue$241,621,000

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ESCALADE INC amended revolving credit of increased the maximum availability under the senior revolving credit facility from $75,000,000 to $90,000,000 with JPMorgan Chase Bank, N.A. maturing January 21, 2027.

Instrument
revolving credit
Principal
increased the maximum availability under the senior revolving credit facility from $75,000,000 to $90,000,000
Counterparty
JPMorgan Chase Bank, N.A.
Maturity
January 21, 2027
Event
amendment
Exact text from the filing
upon entry into the Second Amendment. Under the terms of the Second Amendment, the Lenders increased the maximum availability under the senior revolving credit facility from $75,000,000 to $90,000,000 pursuant to the accordion feature in the Credit Agreement. The maturity date of the revolving credit facility remains January 21, 2027. The Company may prepay the
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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ESCALADE INC reported Q3 2022 results: revenue $74.9 million, net income $3.0 million, EPS $0.22 per diluted share.

Period
Q3 2022
Revenue
$74.9 million
Net income
$3.0 million
EPS
$0.22 per diluted share
Result
reported results
Exact text from the filing
recreational equipment, today announced third quarter and year to date results for 2022. THIRD QUARTER 2022 (As compared to the third quarter 2021) ● Net Sales decreased 7.9% to $74.9 million ● Organic sales, excluding acquisition contributions, declined 17.9% ● Gross margin declined 432 basis points, to 18.2% ● Operating income decreased 45.0% to $4.2 million ● Net
View on SEC.gov

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ESCALADE INC filing history →

Source: SEC EDGAR
accession 0001437749-22-024856
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