---
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"
generated_at: "2026-06-19T05:35:26.329409+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Escalade Q4 net income $2.7M ($0.20 EPS) vs $4.9M; plans to close Mexico plants

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-004069
- JSON: https://secwatch.observer/filing/0001437749-23-004069.json
- Plain text: https://secwatch.observer/filing/0001437749-23-004069.txt

## Key facts
- Earnings Releases
  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.
  - Period: FULL YEAR 2022 (As compared to full year 2021)
  - 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
  - Result: reported results
  source text: Net Sales were up to prior year at $313.8 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/33488/000143774923004069/0001437749-23-004069-index.htm
- Earnings Releases
  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.
  - Period: FOURTH QUARTER 2022 (As compared to the fourth quarter 2021)
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/33488/000143774923004069/0001437749-23-004069-index.htm
- Restructurings & Charges
  ESCALADE INC announced a restructuring with charges of approximately $0.5 million to $1.5 million affecting manufacturing facilities in Rosarito, Mexico.
  - Type: restructuring
  - Charge: approximately $0.5 million to $1.5 million
  - Affected area: manufacturing facilities in Rosarito, Mexico
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/33488/000143774923004069/0001437749-23-004069-index.htm

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