Escalade, Inc. Appoints Armin Boehm as Chief Executive Officer and President
Leadership Change at Escalade: Armin Boehm has been appointed as the new CEO and President of Escalade, Inc., effective April 1, 2025, succeeding Walter P. Glazer, Jr., who is retiring after guiding the company through a critical period.
Boehm's Background and Vision: Boehm brings over 30 years of experience in the sporting goods industry and aims to enhance innovation and consumer engagement while driving sustainable growth for Escalade, which has a rich history and diverse brand portfolio.
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Escalade Acquires AllCornhole to Expand Tournament-Level Market Presence
- Market Expansion Opportunity: Escalade's acquisition of AllCornhole assets, a leading supplier of competitive cornhole bags and equipment, presents a significant opportunity to enhance Escalade's influence in the tournament-level cornhole market, likely attracting more professional athletes and enthusiasts.
- Brand Synergy: The integration of AllCornhole with Escalade's Victory Tailgate brand and partnership with the American Cornhole League (ACL) enables the company to provide high-quality cornhole equipment for players at all levels, thereby enhancing brand image and market share.
- Industry Growth Potential: As cornhole evolves from a casual pastime to a nationally recognized sport, Escalade's acquisition positions the company to participate in this rapidly growing market, which is expected to generate substantial revenue growth.
- Strategic Goal Achievement: This acquisition aligns with Escalade's strategic objective of offering a comprehensive market-leading range of cornhole products, and by leveraging AllCornhole's brand heritage and advanced product technologies, Escalade aims to accelerate cornhole growth and enhance player experiences.
Escalade Acquires AllCornhole to Expand Tournament Market Presence
- Market Expansion Opportunity: Escalade's acquisition of AllCornhole assets, a leading supplier of competitive cornhole equipment, significantly enhances Escalade's presence in the tournament-level cornhole market, expected to attract more professional athletes and enthusiasts.
- Brand Synergy: The AllCornhole brand complements Escalade's Victory Tailgate brand, enabling the provision of high-quality equipment for cornhole players at all levels, thereby enhancing customer satisfaction and market share.
- Industry Growth Potential: As cornhole evolves from a casual pastime to a nationally recognized sport, Escalade's acquisition positions the company to participate in this rapidly growing market, likely driving future revenue growth.
- Strategic Goal Achievement: This acquisition aligns with Escalade's strategic objective of offering a comprehensive market-leading range of cornhole products, aiming to accelerate cornhole growth and enhance player experiences by leveraging AllCornhole's brand heritage and advanced product technologies.
Escalade Inc Reports Q3 Profit Exceeding Expectations
Earnings Performance: Escalade Inc reported third-quarter earnings of $5.55 million, or $0.40 per share, matching last year's earnings per share but slightly lower in total earnings.
Analyst Expectations: The company's earnings exceeded analysts' expectations, who had predicted earnings of $0.23 per share, excluding special items.
Revenue Growth: Revenue for the quarter increased by 0.1% to $67.79 million compared to $67.74 million in the same period last year.
Earnings Summary: Key figures include earnings of $5.55 million, EPS of $0.40, and revenue of $67.79 million, reflecting stable performance year-over-year.
Escalade Reports Third Quarter 2025 Results
Financial Performance: Escalade, Inc. reported net sales of $67.8 million for Q3 2025, a slight increase from $67.7 million in Q3 2024, with a gross margin improvement to 28.1% from 24.8%. However, operating income decreased to $7.3 million from $8.0 million year-over-year.
Market Trends: The company experienced growth in sales within archery, table tennis, billiards, and safety categories, but faced challenges in the basketball category and strategic exits from certain markets.
Debt and Cash Flow: Total debt decreased by 31.4% to $20.2 million, with a net debt to trailing twelve-month EBITDA ratio of 0.7x. Operating cash flow was negative at ($0.1) million, contrasting with $10.5 million generated in the same quarter last year.
Future Outlook: Escalade plans to maintain a balanced promotional strategy during the holiday season, focusing on operational excellence and profitable growth, while also expanding its archery product portfolio through the acquisition of Gold Tip.
Escalade Announces Executive Management Change
Leadership Change: Escalade, Inc. has appointed Patrick J. Griffin as Interim President and CEO, replacing Armin Boehm, who has resigned.
Griffin's Background: Patrick J. Griffin has been with Escalade since 2002, serving in various roles, including Director and Vice President of Corporate Development and Investor Relations.
Company's Commitment: Griffin emphasized the company's dedication to sustainable growth and shareholder value through ongoing investment in its brands and people.
Escalade Overview: Founded in 1922, Escalade designs and sells sporting goods and recreational equipment, with a mission to connect families and create lasting memories.
Escalade Sets Date for Third Quarter 2025 Results Conference Call
Earnings Announcement: Escalade, Inc. will release its third quarter 2025 financial results on October 30, 2025, before the market opens, followed by a conference call at 11:00 a.m. ET for discussion and Q&A.
Webcast Availability: A live webcast of the conference call will be accessible on Escalade's Investor Relations website, with instructions to register and install necessary software provided.
Teleconference Participation: Details for participating in the live teleconference are provided, including domestic and international call-in numbers, as well as replay options available until November 13, 2025.
Company Overview: Founded in 1922 and based in Evansville, Indiana, Escalade specializes in sporting goods and recreational equipment, with a mission to create lasting memories through its various brands.
Escalade Acquires AllCornhole to Expand Tournament-Level Market Presence
- Market Expansion Opportunity: Escalade's acquisition of AllCornhole assets, a leading supplier of competitive cornhole bags and equipment, presents a significant opportunity to enhance Escalade's influence in the tournament-level cornhole market, likely attracting more professional athletes and enthusiasts.
- Brand Synergy: The integration of AllCornhole with Escalade's Victory Tailgate brand and partnership with the American Cornhole League (ACL) enables the company to provide high-quality cornhole equipment for players at all levels, thereby enhancing brand image and market share.
- Industry Growth Potential: As cornhole evolves from a casual pastime to a nationally recognized sport, Escalade's acquisition positions the company to participate in this rapidly growing market, which is expected to generate substantial revenue growth.
- Strategic Goal Achievement: This acquisition aligns with Escalade's strategic objective of offering a comprehensive market-leading range of cornhole products, and by leveraging AllCornhole's brand heritage and advanced product technologies, Escalade aims to accelerate cornhole growth and enhance player experiences.
Escalade Acquires AllCornhole to Expand Tournament Market Presence
- Market Expansion Opportunity: Escalade's acquisition of AllCornhole assets, a leading supplier of competitive cornhole equipment, significantly enhances Escalade's presence in the tournament-level cornhole market, expected to attract more professional athletes and enthusiasts.
- Brand Synergy: The AllCornhole brand complements Escalade's Victory Tailgate brand, enabling the provision of high-quality equipment for cornhole players at all levels, thereby enhancing customer satisfaction and market share.
- Industry Growth Potential: As cornhole evolves from a casual pastime to a nationally recognized sport, Escalade's acquisition positions the company to participate in this rapidly growing market, likely driving future revenue growth.
- Strategic Goal Achievement: This acquisition aligns with Escalade's strategic objective of offering a comprehensive market-leading range of cornhole products, aiming to accelerate cornhole growth and enhance player experiences by leveraging AllCornhole's brand heritage and advanced product technologies.
Escalade Inc Reports Q3 Profit Exceeding Expectations
Earnings Performance: Escalade Inc reported third-quarter earnings of $5.55 million, or $0.40 per share, matching last year's earnings per share but slightly lower in total earnings.
Analyst Expectations: The company's earnings exceeded analysts' expectations, who had predicted earnings of $0.23 per share, excluding special items.
Revenue Growth: Revenue for the quarter increased by 0.1% to $67.79 million compared to $67.74 million in the same period last year.
Earnings Summary: Key figures include earnings of $5.55 million, EPS of $0.40, and revenue of $67.79 million, reflecting stable performance year-over-year.
Escalade Reports Third Quarter 2025 Results
Financial Performance: Escalade, Inc. reported net sales of $67.8 million for Q3 2025, a slight increase from $67.7 million in Q3 2024, with a gross margin improvement to 28.1% from 24.8%. However, operating income decreased to $7.3 million from $8.0 million year-over-year.
Market Trends: The company experienced growth in sales within archery, table tennis, billiards, and safety categories, but faced challenges in the basketball category and strategic exits from certain markets.
Debt and Cash Flow: Total debt decreased by 31.4% to $20.2 million, with a net debt to trailing twelve-month EBITDA ratio of 0.7x. Operating cash flow was negative at ($0.1) million, contrasting with $10.5 million generated in the same quarter last year.
Future Outlook: Escalade plans to maintain a balanced promotional strategy during the holiday season, focusing on operational excellence and profitable growth, while also expanding its archery product portfolio through the acquisition of Gold Tip.
Escalade Announces Executive Management Change
Leadership Change: Escalade, Inc. has appointed Patrick J. Griffin as Interim President and CEO, replacing Armin Boehm, who has resigned.
Griffin's Background: Patrick J. Griffin has been with Escalade since 2002, serving in various roles, including Director and Vice President of Corporate Development and Investor Relations.
Company's Commitment: Griffin emphasized the company's dedication to sustainable growth and shareholder value through ongoing investment in its brands and people.
Escalade Overview: Founded in 1922, Escalade designs and sells sporting goods and recreational equipment, with a mission to connect families and create lasting memories.
Escalade Sets Date for Third Quarter 2025 Results Conference Call
Earnings Announcement: Escalade, Inc. will release its third quarter 2025 financial results on October 30, 2025, before the market opens, followed by a conference call at 11:00 a.m. ET for discussion and Q&A.
Webcast Availability: A live webcast of the conference call will be accessible on Escalade's Investor Relations website, with instructions to register and install necessary software provided.
Teleconference Participation: Details for participating in the live teleconference are provided, including domestic and international call-in numbers, as well as replay options available until November 13, 2025.
Company Overview: Founded in 1922 and based in Evansville, Indiana, Escalade specializes in sporting goods and recreational equipment, with a mission to create lasting memories through its various brands.
