Armin Boehm
On February 6, 2025, the Board of Directors (the “Board”) of Escalade, Incorporated (“Escalade” or the “Company”) announced that Armin Boehm has agreed to become the Company’s new Chief Executive Officer and President.
Highest-materiality recent filing
Escalade acquires ASL Solutions, maker of Dog Palace insulated pet houses
Acquired substantially all assets of ASL Solutions, Inc. on Aug 24, 2026; financial terms not disclosed.
Escalade Q2 net sales up 6.2% to $57.7M; GAAP EPS $0.68 vs $0.13; adjusted EPS $0.19
Net sales $57.7M (+6.2% YoY); gross margin 26.2% (+146 bps).
Escalade shareholders re-elect all five directors, ratify auditor, approve say-on-pay
All five director nominees (Baalmann, Franklin, Glazer, Jr., Griffin, Williams) re-elected to one-year terms.
Escalade Q1 net income up 69% to $4.4M; EPS $0.32 vs $0.19; dividend declared
Net sales $55.8M, +0.6% YoY; gross margin 30.7%, +408 bps; operating income +59.8% to $5.8M.
Escalade appoints Patrick J. Griffin as permanent CEO and President
Griffin, 56, was interim CEO since Oct 29, 2025; now full-time CEO and President.
Escalade Q4 net income up 37%; full-year EPS $0.99; raises dividend to $0.1525
Q4 net sales $62.6M (-2.2% YoY); gross margin +280 bps to 27.7%.
Escalade acquires AllCornhole, tournament cornhole equipment brand; deal not material
Acquisition of substantially all assets of AllCornhole, founded 2013, a leading cornhole bag supplier.
Escalade names Patrick Griffin Interim CEO; Boehm receives $800k separation
Patrick Griffin appointed Interim President & CEO effective 10/29/25, replacing Armin Boehm who resigned same day.
Escalade appoints interim CEO Griffin as Boehm resigns; Q3 EPS $0.40 vs $0.40
Patrick J. Griffin named Interim President and CEO effective Oct 29, replacing Armin Boehm who resigned.
Escalade acquires Gold Tip archery business from Revelyst; terms undisclosed
Acquired substantially all assets of Gold Tip, including carbon arrows and Bee Stinger stabilizers.
Escalade Q2 net sales down 13.1% to $54.3M; EPS $0.13 vs $0.20; dividend $0.15
Net sales $54.3M vs $62.5M YoY; operating income $2.6M vs $4.5M.
Escalade shareholders elect all five director nominees, ratify auditor and say-on-pay
All five director nominees elected: Baalmann, Franklin, Glazer, Griffin, Williams (vote tallies provided).
Escalade Q1 net income up 46% to $0.19 diluted EPS; revenue down 3.2% to $55.5M
Net sales $55.5M (-3.2% YoY); operating income $3.7M (+19.3%).
Escalade reports Q4 net sales down 2.4% to $63.9M; full-year net income up to $0.93 diluted EPS
Q4 net sales $63.9M (-2.4% YoY); gross margin improved 61 bps to 24.9%; operating income $4.5M (-9.0%).
Escalade names Armin Boehm as CEO, succeeding retiring Walter Glazer effective April 1, 2025
Armin Boehm, former Gibson Chief Commercial Officer, becomes CEO and President on April 1, 2025.
Escalade Q3 net income $0.40 EPS vs $0.31; revenue down 7.7%; dividend $0.15
Q3 net sales $67.7M, down 7.7% YoY; net income $5.7M ($0.40 diluted EPS) vs $4.3M ($0.31).
Escalade amends credit agreement: revolver cut to $60M, adds interest coverage covenant of 3.50x
Maximum revolver reduced from $75M to $60M; accordion feature allows increase up to $85M.
Escalade CEO Walter Glazer to retire by Dec 31, 2024; board seeks successor
CEO and President Walter P. Glazer, Jr. notified board of retirement effective Dec 31, 2024.
Escalade Q2 net sales down 7.7% to $62.5M; EPS $0.20 vs $0.26
Net income of $2.8M ($0.20 EPS) vs $3.6M ($0.26 EPS) in Q2 2023.
Escalade dismisses auditor FORVIS, appoints Grant Thornton; cites material weaknesses
Dismissed FORVIS, LLP as independent auditor effective May 13, 2024; no disagreements on accounting principles.
Escalade annual meeting results: directors elected, FORVIS ratified, say-on-pay approved
All five director nominees elected (Baalmann, Franklin, Glazer, Griffin, Williams) each for a one-year term.
Escalade Q1 net income $1.8M vs loss; gross margin up 560 bps; declares $0.15 dividend
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.
Escalade Q4 EPS $0.21 on $65.5M sales; FY EPS $0.71 on $263.6M sales
Q4 net sales $65.5M (-9.2% YoY); net income $2.9M ($0.21 diluted) vs $2.7M ($0.20).
Material weaknesses identified in IT general controls, year-end closing, documentation/design, and monitoring.
Director Anita Sehgal to Not Stand for Re-Election at Escalade's 2024 Annual Meeting
Anita Sehgal informed Escalade board on March 6, 2024 she will not seek re-election.
Escalade Q3 net income up 43% to $4.3M; gross margin expands 652 bps to 24.7%
Q3 net sales $73.4M, down 2.1% YoY; adjusted for calendar change, down 11.6%.
Escalade Q2 net sales down 28.2%; net income drops to $0.26/share; dividend declared $0.15
Net sales $67.8M (-28.2% YoY); ex-calendar impact decline 9.5%. Operating income $6.3M (-23.6%).
All six director nominees elected with majority votes; highest vote count 7,004,211 for Walter P. Glazer, Jr.
Escalade posts Q1 loss of $0.07/diluted share; sales down 21.3%; amends credit agreement
Q1 net loss of $1.0M ($0.07 diluted loss) vs $0.49 diluted EPS in Q1 2022; net sales $56.9M down 21.3%.
Escalade Q4 net income $2.7M ($0.20 EPS) vs $4.9M; plans to close Mexico plants
Q4 net sales $72.1M (-1.8% YoY); organic sales -14.4%; net income $2.7M ($0.20 diluted) vs $4.9M ($0.36) in Q4 2021.
Escalade Q3 net sales down 7.9% to $74.9M; EPS $0.22 vs $0.43; credit line raised to $90M
Net sales $74.9M, down 7.9% YoY; organic sales (ex-acquisition) declined 17.9%.
Escalade changes fiscal year to calendar year, allows remote meetings
Fiscal year changed from 52-53 week to calendar year, effective January 1, 2023.
Escalade Q2 net sales down 5.4% to $94.3M; EPS falls to $0.42 from $0.58
Organic sales (ex-acquisitions) declined 13.0% YoY; net income $5.7M vs $8.1M.
Escalade ups revolving credit facility to $75M from $65M; eases covenant
Revolving credit facility increased to $75 million from $65 million under accordion feature.
Escalade elects Anita Sehgal to board, expands from five to six members
Board expanded to six members; Sehgal elected at April 26, 2022 annual meeting.
Escalade Q1 net sales up 22.3% to $72.4M; EPS $0.49 vs $0.39; dividend raised 7.1%
Net sales $72.4M (+22.3% YoY); organic growth 12.2%; diluted EPS $0.49 vs $0.39.
Escalade Q4 revenue $73.4M (-1.8% YoY); full-year EPS $1.76 vs $1.82; declares $0.15 dividend
Q4 2021 revenue $73.4M, down 1.8% from $74.8M in Q4 2020; diluted EPS flat at $0.36.
Escalade closes $36.4M acquisition of Brunswick Billiards assets; expands revolver to $65M
Completed purchase of Brunswick Billiards business from Life Fitness for $36,357,427, funded with cash and debt.
Escalade to acquire Brunswick Billiards from Life Fitness for $32M
Purchase price of $32M, subject to net working capital adjustment; $2M escrowed for 18 months.
Escalade appoints Walter P. Glazer Jr. as permanent CEO effective Jan 1, 2022
Glazer, 63, had served as interim CEO since Feb 2021; also Chairman of Board since May 2018.
Escalade Q3 revenue up 4.1% to $81.3M, EPS down 39.5% to $0.43; dividend $0.14
Revenue $81.3M (+4.1% YoY); gross margin 22.5% vs 30.1% due to transportation/raw material cost pressures.
Escalade Q2 revenue up 19.3% to $99.7M; EPS $0.58 down from $0.61; gross margin falls 267 bps
Revenue $99.7M (+19.3% YoY); diluted EPS $0.58 vs $0.61 prior year.
Escalade enters $50M term loan, reduces revolver to $50M, extends maturity to 2026
JPMorgan provided $50M term loan; revolving credit facility cut from $75M to $50M.
On February 6, 2025, the Board of Directors (the “Board”) of Escalade, Incorporated (“Escalade” or the “Company”) announced that Armin Boehm has agreed to become the Company’s new Chief Executive Officer and President.
On August 13, Walter P. Glazer, Jr. informed the Board of Directors of Escalade, Incorporated (the “Company”) of his intention to retire from his role as Chief Executive Officer and President of the Company.
Anita Sehgal informed the Board of Directors of Escalade, Incorporated (“Escalade”) on March 6, 2024 that she has decided not to stand for re-election as a director at the Escalade 2024 Annual Meeting of Stockholders.
Walter P. Glazer, Jr. has agreed to become the Company’s full-time Chief Executive Officer and President effective January 1, 2022.
Max materiality 0.85 · Median 0.65 · Most common event earnings