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 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 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 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 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 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 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 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.
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%).
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 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 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 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 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.
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.
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