{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-013128","form_type":"8-K","ticker":"ESCA","cik":"0000033488","company_name":"ESCALADE INC","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.794032+00:00","generated_at":"2026-06-15T10:39:43.891714+00:00","sec_items":["1.01","2.03","2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Escalade posts Q1 loss of $0.07/diluted share; sales down 21.3%; amends credit agreement","bullets":["Q1 net loss of $1.0M ($0.07 diluted loss) vs $0.49 diluted EPS in Q1 2022; net sales $56.9M down 21.3%.","Gross margin fell 840 bps to 19.4% on higher-cost inventory, unfavorable mix and lower volumes.","EBITDA declined 85.2% to $1.6M; net debt to trailing EBITDA at 3.8x, above target 1.5-2.5x.","Credit agreement amended: leverage covenant eased, min EBITDA covenant $22.5M for Q2/Q3 2023; revolver reduced to $75M post Mexico sale.","Expects $2.8M-$3.8M annual savings from Mexico divestiture and domestic workforce reduction."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-013128","json":"https://secwatch.observer/filing/0001437749-23-013128.json","markdown":"https://secwatch.observer/filing/0001437749-23-013128.md","text":"https://secwatch.observer/filing/0001437749-23-013128.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/33488/000143774923013128/0001437749-23-013128-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/33488/000143774923013128/esca20230507_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T10:39:43.891714+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":"341a86abd925d3eb8790a1680bcd573036151a91","claim":"ESCALADE INC reported first quarter 2023 results: revenue $56.9 million, net income net loss of $1.0 million, EPS $0.07 loss per diluted share.","evidence_excerpt":"For the three months ended March 31, 2023, Escalade posted net sales of $56.9 million, net loss of $1.0 million and diluted loss per share of $0.07.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/33488/000143774923013128/0001437749-23-013128-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Revenue","value":"$56.9 million"},{"label":"Net income","value":"net loss of $1.0 million"},{"label":"EPS","value":"$0.07 loss 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"}