{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-020770","form_type":"8-K","ticker":"ESCA","cik":"0000033488","company_name":"ESCALADE INC","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.302417+00:00","generated_at":"2026-06-13T01:05:21.777352+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Escalade Q2 net sales down 28.2%; net income drops to $0.26/share; dividend declared $0.15","bullets":["Net sales $67.8M (-28.2% YoY); ex-calendar impact decline 9.5%. Operating income $6.3M (-23.6%).","Net income $3.6M ($0.26 diluted) vs $5.7M ($0.42); EBITDA $7.7M (-25.9%).","YTD net income $2.7M ($0.20) vs $12.3M ($0.91); gross margin down 410bps to 22.2%.","Cash from operations $8.4M (up $5.9M); net debt 4.0x trailing EBITDA; $42.4M revolver available.","Dividend $0.15/share declared, payable Sept 5 to holders Aug 29; focus on debt reduction."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-020770","json":"https://secwatch.observer/filing/0001437749-23-020770.json","markdown":"https://secwatch.observer/filing/0001437749-23-020770.md","text":"https://secwatch.observer/filing/0001437749-23-020770.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/33488/000143774923020770/0001437749-23-020770-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/33488/000143774923020770/esca20230726_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T01:05:21.777352+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":"4fcb5a046b265a2ee1b675175d61115c727177af","claim":"ESCALADE INC reported the two quarters ended June 30, 2023 results: revenue $124.7 million, net income $2.7 million, EPS $0.20 per diluted share.","evidence_excerpt":"Net sales decreased 25.2% to $124.7 million ● Gross margin declined 410 basis points, to 22.2% ● Operating income decreased 62.8% to $6.4 million ● Net income of $2.7 million, or $0.20 per diluted share vs. $12.3 million, or $0.91 per diluted share for 2022 ● Cash provided by operations of $12.9 million vs. cash used of $0.3 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/33488/000143774923020770/0001437749-23-020770-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the two quarters ended June 30, 2023"},{"label":"Revenue","value":"$124.7 million"},{"label":"Net income","value":"$2.7 million"},{"label":"EPS","value":"$0.20 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"88b0f9d04b50e1fe4ed9e9d7d71c3914449b8201","claim":"ESCALADE INC reported the second quarter ended June 30, 2023 results: revenue $67.8 million, net income $3.6 million, EPS $0.26 per diluted share.","evidence_excerpt":"● Net sales were $67.8 million, a decline of 28.2% ● Operating income was $6.3 million, 23.6% below 2022 ● EBITDA totaled $7.7 million, a decline of 25.9% ● Net income of $3.6 million, or $0.26 per diluted share, a decline of $2.0 million ● Cash provided by operations of $8.4 million, an increase of $5.9 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/33488/000143774923020770/0001437749-23-020770-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$67.8 million"},{"label":"Net income","value":"$3.6 million"},{"label":"EPS","value":"$0.26 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"}