Business
Escalade Reports Fourth Quarter and Full Year 2025 Results
EVANSVILLE, Ind., Feb. 27, 2026 /PRNewswire/ -- Escalade, Inc. (Nasdaq: ESCA, or the "Company"), a leading manufacturer and distributor of sporting goods and
About this update from Escalade, Incorporated
[{"type":"text","content":"EVANSVILLE, Ind., Feb. 27, 2026 /PRNewswire/ -- Escalade, Inc. (Nasdaq: ESCA, or the \"Company\"), a leading manufacturer and distributor of sporting goods and indoor/outdoor recreational equipment, today announced results for the fourth quarter and full year 2025.\n \n \n \n \n \n \n \nFOURTH QUARTER 2025 RESULTS(As compared to the fourth quarter 2024)Net sales decreased 2.2% to $62.6 millionGross margin improved 280 basis points, to 27.7%Net income of $3.7 million, or $0.27 per diluted share vs. $2.7 million, or $0.19 per diluted share for 2024EBITDA totaled $6.5 million, an increase of 9.3%Cash provided by operations of $14.9 million vs $12.3 million in 2024Total debt decreased 27.9% and net leverage was 0.3xIncreased quarterly dividend to $0.1525 per shareFULL YEAR 2025 RESULTS(As compared to full year 2024)Net sales decreased 4.5% to $240.2 millionGross margin improved 219 basis points, to 26.9%Net income of $13.7 million, or $0.99 per diluted share vs. $13.0 million, or $0.93 per diluted share for 2024EBITDA totaled $23.9 million, a decrease of 8.4%Cash provided by operations of $31.0 million vs. $36.0 million in 2024For the fourth quarter ended December 31, 2025, Escalade reported net income of $3.7 million, or $0.27 per diluted share, versus net income of $2.7 million, or $0.19 per diluted share for the fourth quarter in 2024. Total net sales declined 2.2% on a year-over-year basis in the fourth quarter, primarily due to uneven consumer demand across the majority of the Company's product categories, partially offset by improved demand in the archery, billiards, and games categories.Escalade reported fourth quarter gross margin of 27.7%, an increase of 280 basis points versus the prior-year quarter, driven by improved operational efficiencies from lower fixed costs and decreased inventory storage and handling costs.Earnings before interest, taxes, depreciation, and amortization (\"EBITDA\") increased 9.3% to $6.5 million in the fourth quarter 2025, versus $5.9 million in the prior-year period. The increase in EBITDA compared to the fourth quarter of 2024 primarily reflects improved gross margins and the impact of the Gold Tip acquisition, partly offset by $0.5 million in non-recurring executive transition expenses.During the fourth quarter of 2025, the Company generated $14.9 million of cash flow from operations, compared...