---
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"
generated_at: "2026-06-13T01:05:21.777352+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Escalade Q2 net sales down 28.2%; net income drops to $0.26/share; dividend declared $0.15

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-020770
- JSON: https://secwatch.observer/filing/0001437749-23-020770.json
- Plain text: https://secwatch.observer/filing/0001437749-23-020770.txt

## Key facts
- Earnings Releases
  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.
  - Period: the two quarters ended June 30, 2023
  - Revenue: $124.7 million
  - Net income: $2.7 million
  - EPS: $0.20 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/33488/000143774923020770/0001437749-23-020770-index.htm
- Earnings Releases
  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.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $67.8 million
  - Net income: $3.6 million
  - EPS: $0.26 per diluted share
  - Result: reported results
  source text: ● 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_url: https://www.sec.gov/Archives/edgar/data/33488/000143774923020770/0001437749-23-020770-index.htm

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