ESCA

EX-99.1

2 ex_995445.htm

EXHIBIT 99.1

ex_995445.htm

EXHIBIT 99.1

Escalade Reports Second Quarter 2026 Results

EVANSVILLE, IN, July 30, 2026 – 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 second quarter 2026.

SECOND QUARTER 2026 HIGHLIGHTS

(As compared to the second quarter 2025)

●

Net sales increased 6.2% to $57.7 million

●

Gross margin improved 146 basis points to 26.2%

●

Operating income of $11.9 million compared to $2.6 million

●

Net income of $9.4 million, or $0.68 earnings per diluted share, compared to $1.8 million, or $0.13 earnings per diluted share

●

EBITDA of $13.2 million compared to $3.9 million

●

Pre-tax income includes tariff recoveries of $10.2 million

●

Cash provided by operations of $8.7 million compared to $13.3 million

For the three months ended June 30, 2026, Escalade posted net sales of $57.7 million, net income of $9.4 million and diluted earnings per share of $0.68.

Total net sales increased 6.2% on a year-over-year basis in the second quarter, primarily driven by increases in our archery categories, including the incremental contribution from our September 2025 acquisition of Gold Tip. Net sales also benefited from increased demand in the safety, table tennis and basketball categories. These increases were partially offset by lower sales in outdoor games categories.

Escalade reported second quarter gross margin of 26.2%, an increase of 146 basis points versus the prior-year period, primarily driven by better absorption, operating leverage and a favorable sales mix.

Net income for the second quarter of 2026 was $9.4 million, or $0.68 diluted earnings per share, compared to net income of $1.8 million, or $0.13 diluted earnings per share, for the same quarter in 2025. Excluding the tariff recovery, second quarter 2026 net income was $2.6 million, or $0.19 per diluted share.

Earnings before interest, taxes, depreciation, and amortization (“EBITDA”) was $13.2 million in the second quarter of 2026. Excluding the tariff recovery, second quarter 2026 EBITDA was $4.7 million, an increase of $0.8 million versus $3.9 million in the prior-year period.

During the second quarter of 2026, the Company generated $8.7 million in cash flow from operations, a decrease of $4.6 million relative to the second quarter of last year. The decline in cash flow from operations was primarily attributable to an increase in cash flow used for working capital purposes.

Total debt at the end of the quarter was $14.9 million, down from $22.0 million at the end of the second quarter last year, and $18.5 million at the end of 2025.

Total cash and equivalents as of June 30, 2026 was $16.4 million, while availability on the senior secured revolving credit facility maturing in 2027 was $56.7 million.

Escalade announced a quarterly dividend of $0.1525 per share to be paid to all shareholders of record on October 6, 2026 and payable on October 13, 2026.

1

MANAGEMENT COMMENTARY

"Escalade delivered a solid second quarter, with net sales up 6.2% year over year and gross margin expanding 146 basis points to 26.2%," said Patrick J. Griffin, President and Chief Executive Officer of Escalade. "Growth was broad based, led by strength in our safety, table tennis and basketball categories, along with continued momentum in archery, where results benefited from new product introductions and the accretive contribution of the Gold Tip acquisition completed last September."

"The gross margin improvement reflected lower fixed costs and a favorable sales mix,” continued Griffin. “Reported operating income and EBITDA also included a one-time, pre-tax benefit of approximately $10.2 million from the recovery of tariff costs incurred in prior quarters, which had weighed on our reported profitability when they were originally paid. We expect to use some of our refunds to help offset higher costs driven by increased freight rates, commodity inflation, and additional new tariffs. We also plan to invest in trade and consumer promotions, accelerate product innovation, and make facility improvements to increase efficiency."

"Looking to the second half of the year, we remain confident in our ability to drive continued top-line growth," Griffin added. "While elevated energy costs and broader inflationary pressures will continue to weigh on consumer spending, we believe our investments in innovation and new products, operating leverage, and disciplined operational execution position us to navigate ongoing macroeconomic headwinds."

"We continued to strengthen our balance sheet during the quarter, reducing total debt to $14.9 million and ending the period in a net cash position," Griffin concluded. "This financial flexibility allows us to continue pursuing our robust capital allocation strategy, which includes a growing pipeline of potential accretive acquisition opportunities. Disciplined

esca20260429_8k.htm

false 0000033488

0000033488

2026-04-29 2026-04-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) April 29, 2026

ESCALADE, INCORPORATED

(Exact Name of Registrant as Specified in Its Charter)

Indiana

(State or Other Jurisdiction of Incorporation)

0-6966 13-2739290

(Commission File Number) (IRS Employer Identification No.)

817 Maxwell Avenue, Evansville, Indiana 47711

(Address of Principal Executive Offices) (Zip Code)

(812) 467-1334

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐         Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐         Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐         Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐         Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of Exchange on which registered

Common Stock, No Par Value

ESCA

The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company                            ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.                            ☐

Section 2 – Financial Information

Item 2.02 Results of Operations and Financial Condition.

On April 30, 2026, Escalade, Incorporated ("Escalade") issued the press release attached hereto as Exhibit 99.1 announcing financial information regarding Escalade's first quarter results for 2026.

The information under this Item 2.02 shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Section 8 – Other Events

Item 8.01 Other Events.

On April 29, 2026, the Board of Directors of Escalade approved a quarterly dividend of fifteen and twenty-five hundredths cents $0.1525 per share would be paid to all shareholders of record on July 6, 2026 and disbursed on July 13, 2026.

Item 9.01 Financial Statements and Exhibits

(d)         Exhibits

Exhibit

Description

99.1

Press release dated April 30, 2026

104

Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Escalade, Incorporated has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 30, 2026

ESCALADE, INCORPORATED

By:

/s/ STEPHEN R. WAWRIN

Stephen R. Wawrin, Vice President and Chief Financial Officer

esca20260226_8k.htm

false 0000033488

0000033488

2026-02-26 2026-02-26

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) February 26, 2026

ESCALADE, INCORPORATED

(Exact Name of Registrant as Specified in Its Charter)

Indiana

(State or Other Jurisdiction of Incorporation)

0-6966 13-2739290

(Commission File Number) (IRS Employer Identification No.)

817 Maxwell Avenue, Evansville, Indiana 47711

(Address of Principal Executive Offices) (Zip Code)

(812) 467-1334

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol Name of Exchange on which registered

Common Stock, No Par Value

ESCA

The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company                            ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.                                     ☐

1

Section 2 – Financial Information

Item 2.02 Results of Operations and Financial Condition.

On February 27, 2026, Escalade, Incorporated ("Escalade") issued the press release attached hereto as Exhibit 99.1 announcing financial information regarding Escalade's fourth quarter and full year results for 2025.

The information under this Item 2.02 shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Section 8 – Other Events

Item 8.01 Other Events.

On February 26, 2026, the Board of Directors of Escalade approved a quarterly dividend of fifteen and twenty-five hundredths cents $0.1525 per share that will be paid to all shareholders of record on April 6, 2026 and disbursed on April 13, 2026.

Item 9.01 Financial Statements and Exhibits

(d)

Exhibits

Exhibit

Description

99.1

Press release dated February 27, 2026

104

Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Escalade, Incorporated has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 27, 2026

ESCALADE, INCORPORATED

By:  /s/ STEPHEN R. WAWRIN

Stephen R. Wawrin, Vice President and Chief Financial Officer

2