{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-004069","form_type":"8-K","ticker":"ESCA","cik":"0000033488","company_name":"ESCALADE INC","filed_at":"2023-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.612645+00:00","generated_at":"2026-06-19T05:35:26.329409+00:00","sec_items":["2.02","2.05","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Escalade Q4 net income $2.7M ($0.20 EPS) vs $4.9M; plans to close Mexico plants","bullets":["Q4 net sales $72.1M (-1.8% YoY); organic sales -14.4%; net income $2.7M ($0.20 diluted) vs $4.9M ($0.36) in Q4 2021.","Full year 2022 net income $18.0M ($1.31 diluted) vs $24.4M ($1.76) in 2021; EBITDA $32.5M vs $36.9M.","Board approved closure of Rosarito, Mexico facilities; expects $0.5M-$1.5M pre-tax costs, mostly cash, by Q2 2023.","Quarterly dividend $0.15/share declared; payable March 20, 2023 to holders of record March 13, 2023.","Inventory reduced $13M sequentially in Q4; net debt 2.8x trailing EBITDA; $35M credit facility available."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-004069","json":"https://secwatch.observer/filing/0001437749-23-004069.json","markdown":"https://secwatch.observer/filing/0001437749-23-004069.md","text":"https://secwatch.observer/filing/0001437749-23-004069.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/33488/000143774923004069/0001437749-23-004069-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/33488/000143774923004069/esca20230221_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T05:35:26.329409+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":"ad69d74087edbda9e4b948988173b8c38990255e","claim":"ESCALADE INC reported FULL YEAR 2022 (As compared to full year 2021) results: revenue Net Sales were up to prior year at $313.8 million, net income Net income of $18.0 million, or $1.31 per diluted share vs. $24.4 million, or $1.76 per diluted share for 2021, EPS $1.31 per diluted share.","evidence_excerpt":"Net Sales were up to prior year at $313.8 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/33488/000143774923004069/0001437749-23-004069-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FULL YEAR 2022 (As compared to full year 2021)"},{"label":"Revenue","value":"Net Sales were up to prior year at $313.8 million"},{"label":"Net income","value":"Net income of $18.0 million, or $1.31 per diluted share vs. $24.4 million, or $1.76 per diluted share for 2021"},{"label":"EPS","value":"$1.31 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e3400d913ed25b4d3c7870eba0f1cfc94f50f97f","claim":"ESCALADE INC reported FOURTH QUARTER 2022 (As compared to the fourth quarter 2021) results: revenue Net Sales decreased 1.8% to $72.1 million, net income Net income of $2.7 million, or $0.20 per diluted share vs. $4.9 million, or $0.36 per share for Q4 2021, EPS $0.20 per diluted share.","evidence_excerpt":"FOURTH QUARTER 2022 (As compared to the fourth quarter 2021) ● Net Sales decreased 1.8% to $72.1 million ● Organic sales, excluding acquisition contributions, declined 14.4% ● Gross margin increased 19 basis points, to 22.4% ● Operating income decreased 23.8% to $4.9 million ● Net income of $2.7 million, or $0.20 per diluted share vs.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/33488/000143774923004069/0001437749-23-004069-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FOURTH QUARTER 2022 (As compared to the fourth quarter 2021)"},{"label":"Revenue","value":"Net Sales decreased 1.8% to $72.1 million"},{"label":"Net income","value":"Net income of $2.7 million, or $0.20 per diluted share vs. $4.9 million, or $0.36 per share for Q4 2021"},{"label":"EPS","value":"$0.20 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"169216b7ae2fb5801cf55bb183be85f4f5befdec","claim":"ESCALADE INC announced a restructuring with charges of approximately $0.5 million to $1.5 million affecting manufacturing facilities in Rosarito, Mexico.","evidence_excerpt":"operational efficiencies. The Company expects to incur aggregate pre-tax legal expenses, employee severance costs, transportation and other closure expenditures of approximately $0.5 million to $1.5 million in connection with winding down its Mexican operations and disposing of the real estate, building, equipment and other related assets located at these facilities.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/33488/000143774923004069/0001437749-23-004069-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $0.5 million to $1.5 million"},{"label":"Affected area","value":"manufacturing facilities in Rosarito, Mexico"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}