Escalade Inc (ESCA) released its first quarter results on Thursday, April 15, 2021. The company reported net earnings of $0.39 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 183 percent compared to the same period a year ago.
Escalade, Incorporated was founded in 1922 and is headquartered in Evansville, Indiana. Escalade, Incorporated, together with its subsidiaries, manufactures and sells sporting goods in North America, Europe, and internationally. The company manufactures, imports, and distributes various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.
Escalade's revenue increased 59 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 29.45% for the first quarter compared to the same period in the previous year, and operating margins increased to 12.04% over the same period. Net earnings for past trailing twelve months were $29.42 million, up 229% from the prior year.
Moving on to the balance sheet, Escalade’s cash levels dropped -5% for the third quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 23.53% this past year. The current ratio for Escalade now stands at 4.14. The company decreased share outstanding by 1.22%.
Shares of ESCA are currently trading around $22.79. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 10.97 and price to book ratio of 2.27.