{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-024856","form_type":"8-K","ticker":"ESCA","cik":"0000033488","company_name":"ESCALADE INC","filed_at":"2022-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.160549+00:00","generated_at":"2026-06-23T00:19:23.606309+00:00","sec_items":["1.01","2.03","2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Escalade Q3 net sales down 7.9% to $74.9M; EPS $0.22 vs $0.43; credit line raised to $90M","bullets":["Net sales $74.9M, down 7.9% YoY; organic sales (ex-acquisition) declined 17.9%.","Gross margin 18.2%, down 432 bps; operating income $4.2M, down 45%.","Net income $3.0M ($0.22 diluted) vs $6.0M ($0.43) in Q3 2021.","Credit facility expanded from $75M to $90M via accordion; covenant set at 3.25x EBITDA through Q4 2022.","Quarterly dividend of $0.15/share declared, payable Dec 12 to holders of record Dec 5."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-024856","json":"https://secwatch.observer/filing/0001437749-22-024856.json","markdown":"https://secwatch.observer/filing/0001437749-22-024856.md","text":"https://secwatch.observer/filing/0001437749-22-024856.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/33488/000143774922024856/0001437749-22-024856-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/33488/000143774922024856/esca20221026_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T00:19:23.606309+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"eb2103745e2e0933e3684bf6121d63065486ab14","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/33488/000143774922024856/0001437749-22-024856-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"increased the maximum availability under the senior revolving credit facility from $75,000,000 to $90,000,000"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Maturity","value":"January 21, 2027"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"56c9754869fc980bb93209d2af0163627656f575","claim":"ESCALADE INC reported Q3 2022 results: revenue $74.9 million, net income $3.0 million, EPS $0.22 per diluted share.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/33488/000143774922024856/0001437749-22-024856-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q3 2022"},{"label":"Revenue","value":"$74.9 million"},{"label":"Net income","value":"$3.0 million"},{"label":"EPS","value":"$0.22 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}