secwatch.observer — SEC 8-K summary
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Issuer:     ESCALADE INC (ESCA)
CIK:        0000033488
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001437749-22-024856
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33488/000143774922024856/0001437749-22-024856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33488/000143774922024856/esca20221026_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-024856

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer