---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-013090"
form_type: "8-K"
ticker: "ESCA"
cik: "0000033488"
company_name: "ESCALADE INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:25:59.447619+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Escalade Q1 net income $1.8M vs loss; gross margin up 560 bps; declares $0.15 dividend

## Summary
- Net sales $57.3M (+0.7% YoY); net income $1.8M ($0.13 EPS) vs net loss $1.0M ($0.07 loss) in Q1 2023.
- Gross margin 25.0%, +560 bps YoY, driven by favorable product mix and lower inventory costs.
- EBITDA $4.4M vs $1.6M; total debt $53.5M, down from $95.2M year ago; net debt/EBITDA 2.0x.
- Board approved $0.15/share quarterly dividend payable July 15 to holders of record July 8.
- Planned divestiture of Mexico operations to drive fixed-cost efficiencies; DTC website sales up 28%.

## SEC filing metadata
- accession: 0001437749-24-013090
- form_type: 8-K
- ticker: ESCA
- cik: 0000033488
- company_name: ESCALADE INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/33488/000143774924013090/0001437749-24-013090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/33488/000143774924013090/esca20240424_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013090
- JSON: https://secwatch.observer/filing/0001437749-24-013090.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013090.txt

## Key facts
- Earnings Releases
  ESCALADE INC reported first quarter 2024 results: revenue $57.3 million, net income $1.8 million, EPS $0.13.
  - Period: first quarter 2024
  - Revenue: $57.3 million
  - Net income: $1.8 million
  - EPS: $0.13
  - Result: reported results
  source text: indoor/outdoor recreational equipment, today announced results for the first quarter 2024. FIRST QUARTER 2024 HIGHLIGHTS (As compared to the first quarter 2023) ● Net sales were $57.3 million, an increase of 0.7% ● Operating income was $3.1 million compared to $0.1 million in 2023 ● EBITDA totaled $4.4 million, an increase of $2.8 million ● Net income of $1.8 million,
  evidence_url: https://www.sec.gov/Archives/edgar/data/33488/000143774924013090/0001437749-24-013090-index.htm

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