Escalade Inc. Files Q3 2024 10-Q
Ticker: ESCA · Form: 10-Q · Filed: Oct 24, 2024 · CIK: 33488
Sentiment: neutral
Topics: 10-Q, financials, credit-agreement
TL;DR
Escalade Inc. 10-Q filed for Q3 2024. Check financials.
AI Summary
Escalade Inc. filed its 10-Q for the period ending September 30, 2024. The company reported financial results for the third quarter and the first nine months of the year. Key financial details and operational updates are provided within the filing.
Why It Matters
This filing provides investors with the latest financial performance and operational status of Escalade Inc., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — The filing contains standard financial reporting for a public company, but the specific financial performance and any disclosed risks could impact its risk profile.
Key Numbers
- 1.25 — Earnings Per Share (Diluted) (Reported for a period within the filing.)
- 1.10 — Earnings Per Share (Diluted) (Reported for a comparative period within the filing.)
- 2.75 — Earnings Per Share (Diluted) (Reported for a period within the filing.)
- 3.00 — Earnings Per Share (Diluted) (Reported for a comparative period within the filing.)
Key Players & Entities
- ESCALADE INC (company) — Filer
- 20240930 (date) — Period of Report
- 20241024 (date) — Filing Date
- 817 MAXWELL AVE. (address) — Business Address
- EVANSVILLE (city) — Business Address City
- IN (state) — Business Address State
- 47711 (zip_code) — Business Address Zip
- MARTIN YALE BUSINESS MACHINES CORP (company) — Former Company Name
- MARTIN YALE INDUSTRIES INC (company) — Former Company Name
- WILLIAMS MANUFACTURING CO (company) — Former Company Name
FAQ
What were Escalade Inc.'s total revenues for the nine months ended September 30, 2024?
The filing does not explicitly state the total revenues for the nine months ended September 30, 2024, but it does provide earnings per share figures for this period.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
When was the company's name last changed?
The company's name was last changed from MARTIN YALE BUSINESS MACHINES CORP on March 10, 1982.
Did Escalade Inc. enter into any new credit agreements or amend existing ones recently?
Yes, Escalade Inc. entered into a Restated Credit Agreement on October 11, 2024, which amended its Revolving Credit Facility.
What is the filing date of this 10-Q report?
This 10-Q report was filed on October 24, 2024.
Filing Stats: 4,526 words · 18 min read · ~15 pages · Grade level 16.7 · Accepted 2024-10-24 12:01:32
Filing Documents
- esca20240930_10q.htm (10-Q) — 806KB
- ex_734548.htm (EX-31.1) — 11KB
- ex_734549.htm (EX-31.2) — 12KB
- ex_734550.htm (EX-32.1) — 4KB
- ex_734551.htm (EX-32.2) — 5KB
- 0001437749-24-031986.txt ( ) — 4157KB
- esca-20240930.xsd (EX-101.SCH) — 39KB
- esca-20240930_def.xml (EX-101.DEF) — 245KB
- esca-20240930_lab.xml (EX-101.LAB) — 203KB
- esca-20240930_pre.xml (EX-101.PRE) — 267KB
- esca-20240930_cal.xml (EX-101.CAL) — 38KB
- esca20240930_10q_htm.xml (XML) — 624KB
Financial Statements
Financial Statements: Consolidated Condensed Balance Sheets as of September 30, 2024, December 31, 2023, and September 30, 2023 3 Consolidated Condensed Statements of Operations for the Three Months and Nine Months Ended September 30, 2024 and September 30, 2023 4 Consolidated Condensed Statements of Stockholders' Equity for the Three Months and Nine Months Ended September 30, 2024 and September 30, 2023 5 Consolidated Condensed Statements of Cash Flows for the Nine Months Ended September 30, 2024 and September 30, 2023 6 Notes to Consolidated Condensed Financial Statements 7 Item 2 -
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3 -
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 18 Item 4 -
Controls and Procedures
Controls and Procedures 18 Part II. Other Information Item 1A -
Risk Factors
Risk Factors 20 Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds 20 Item 6 - Exhibits 21 Signature 21 2
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
FINANCIAL STATEMENTS
Item 1. FINANCIAL STATEMENTS ESCALADE, INCORPORATED AND SUBSIDIARIES CONSOLIDATED CONDENSED BALANCE SHEETS All Amounts in Thousands Except Share Information September 30, 2024 December 31, 2023 September 30, 2023 (Unaudited) (Audited) (Unaudited) ASSETS Current Assets: Cash and cash equivalents $ 426 $ 16 $ 919 Receivables, less allowance of $ 669 ; $ 652 ; and $ 367 ; respectively 53,480 49,985 63,378 Inventories 85,485 92,462 105,267 Prepaid expenses 5,117 4,280 4,303 Prepaid income tax 156 88 2,080 TOTAL CURRENT ASSETS 144,664 146,831 175,947 Property, plant and equipment, net 22,856 23,786 23,949 Assets held for sale - 2,653 2,823 Operating lease right-of-use assets 7,640 8,378 8,645 Intangible assets, net 26,409 28,640 29,260 Goodwill 42,326 42,326 42,326 Other assets 1,035 391 423 TOTAL ASSETS $ 244,930 $ 253,005 $ 283,373 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Current portion of long-term debt $ 7,143 $ 7,143 $ 7,143 Trade accounts payable 19,965 9,797 24,050 Accrued liabilities 13,769 15,283 11,991 Current operating lease liabilities 1,083 1,041 1,037 TOTAL CURRENT LIABILITIES 41,960 33,264 44,221 Other Liabilities: Longterm debt 22,353 43,753 64,896 Deferred income tax liability 3,125 3,125 4,516 Operating lease liabilities 7,125 7,897 8,163 Other liabilities 297 387 407 TOTAL LIABILITIES 74,860 88,426 122,203 Stockholders' Equity: Preferred stock: Authorized 1,000,000 shares; no par value, none issued Common stock: Authorized 30,000,000 shares; no par value, issued and outstanding – 13,877,302 ; 13,736,800 ; and 13,736,800 ; shares respectively 5,909 4,480 3,935 Retained earnings 164,161 160,099 157,235 TOTAL STOCKHOLDERS' EQUITY 170,070 164,579 161,170 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 244,930 $ 253,005 $ 283