Escalade, Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 06:08 am EDT
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Escalade, Incorporated reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 67.77 million compared to USD 94.34 million a year ago. Net income was USD 3.64 million compared to USD 5.67 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to USD 0.42 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 0.42 a year ago.
For the six months, sales was USD 124.7 million compared to USD 166.72 million a year ago. Net income was USD 2.69 million compared to USD 12.33 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.91 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.91 a year ago.
Escalade, Incorporated designs, manufactures, and sells sporting goods, fitness, and indoor/outdoor recreation equipment. It operates in one business segment: Sporting Goods (Escalade Sports). Escalade Sports manufactures, imports, and distributes sporting goods brands in basketball goals, archery, indoor and outdoor game recreation and fitness products through sporting goods retailers, specialty dealers, key on-line retailers, direct-to-consumer e-commerce, traditional department stores and mass merchants. Its archery brands include Bear Archery, Trophy Ridge, Whisker Biscuit, Cajun Bowfishing, Karnage, SIK and BearX. Its table tennis brands include STIGA and Ping-Pong. Its basketball brands include Goalrilla, Goalsetter, Goaliath, Silverback and Hoopstar. Its billiard tables and accessories brands include American Heritage Billiards, Brunswick Billiards, Gold Crown, Centennial and others. Its outdoor games brands include Victory Tailgate, Triumph Sports, Zume Games and ACL.