earnings
confidence high
sentiment neutral
materiality 0.60
Escalade Q4 EPS $0.21 on $65.5M sales; FY EPS $0.71 on $263.6M sales
ESCALADE INC
- Q4 net sales $65.5M (-9.2% YoY); net income $2.9M ($0.21 diluted) vs $2.7M ($0.20).
- Full year net sales $263.6M (-16.0%); net income $9.8M ($0.71 diluted) vs $18.0M ($1.31).
- Q4 gross margin 24.3% (+192 bps YoY); operating cash flow $20.6M (+43.9%).
- Board declared quarterly dividend $0.15/share, payable April 22, 2024 to record April 15.
- Debt reduced by $44M in 2023; net debt/EBITDA improved to 2.2x from 2.8x.