secwatch.observer — SEC 8-K summary
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Issuer:     ESCALADE INC (ESCA)
CIK:        0000033488
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001437749-23-020770
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33488/000143774923020770/0001437749-23-020770-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33488/000143774923020770/esca20230726_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020770

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