---
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"
generated_at: "2026-06-23T00:19:23.606309+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Escalade Q3 net sales down 7.9% to $74.9M; EPS $0.22 vs $0.43; credit line raised to $90M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-024856
- JSON: https://secwatch.observer/filing/0001437749-22-024856.json
- Plain text: https://secwatch.observer/filing/0001437749-22-024856.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/33488/000143774922024856/0001437749-22-024856-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/33488/000143774922024856/0001437749-22-024856-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.