---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-029013"
form_type: "8-K"
ticker: "ESCA"
cik: "0000033488"
company_name: "ESCALADE INC"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:01:01.966576+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Escalade Q3 net income up 43% to $4.3M; gross margin expands 652 bps to 24.7%

## Summary
- Q3 net sales $73.4M, down 2.1% YoY; adjusted for calendar change, down 11.6%.
- Q3 operating income $6.4M, up 52.7%; EBITDA $7.9M, up 35.7%.
- Net income per diluted share $0.31 vs $0.22 in prior year.
- Board declares $0.15 quarterly dividend, payable Jan 12, 2024 to holders of record Jan 5, 2024.
- Cash from operations $14.8M vs use of $5.5M; net debt leverage 3.1x trailing EBITDA.

## SEC filing metadata
- accession: 0001437749-23-029013
- form_type: 8-K
- ticker: ESCA
- cik: 0000033488
- company_name: ESCALADE INC
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/33488/000143774923029013/0001437749-23-029013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/33488/000143774923029013/esca20231025_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-029013
- JSON: https://secwatch.observer/filing/0001437749-23-029013.json
- Plain text: https://secwatch.observer/filing/0001437749-23-029013.txt

## Key facts
- Earnings Releases
  ESCALADE INC reported three quarters ended September 30, 2023 results: revenue $198.1 million, net income $7.0 million, EPS $0.50 per diluted share.
  - Period: three quarters ended September 30, 2023
  - Revenue: $198.1 million
  - Net income: $7.0 million
  - EPS: $0.50 per diluted share
  - Result: reported results
  source text: of $14.8 million vs. cash used of $5.5 million THREE QUARTERS ENDED SEPTEMBER 30, 2023 (As compared to three quarters ended October 1, 2022) ● Net sales decreased 18.0% to $198.1 million ● Gross margin declined 70 basis points, to 23.1% ● Operating income decreased 40.0% to $12.9 million ● EBITDA totaled $17.1 million, a decrease of 35.9% ● Net income of $7.0
  evidence_url: https://www.sec.gov/Archives/edgar/data/33488/000143774923029013/0001437749-23-029013-index.htm
- Earnings Releases
  ESCALADE INC reported third quarter ended September 30, 2023 results: revenue $73.4 million, net income $4.3 million, EPS $0.31 per diluted share.
  - Period: third quarter ended September 30, 2023
  - Revenue: $73.4 million
  - Net income: $4.3 million
  - EPS: $0.31 per diluted share
  - Result: reported results
  source text: recreational equipment, today announced third quarter and year to date results for 2023. THIRD QUARTER 2023 (As compared to the third quarter 2022) ● Net sales decreased 2.1% to $73.4 million ● Gross margin improved 652 basis points, to 24.7% ● Operating income increased 52.7% to $6.4 million ● EBITDA totaled $7.9 million, an increase of 35.7% ● Net income of $4.3
  evidence_url: https://www.sec.gov/Archives/edgar/data/33488/000143774923029013/0001437749-23-029013-index.htm

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