Escalade, Incorporated reported that revenues for the second quarter of 2012 were up 3 percent over the same quarter last year. Year to date revenues have increased more than 5 percent over the same period last year.
The company generated net income for the quarter of $1.1 million, or 8
cents per share, down from $1.5 million or 11 cents a year ago. For
the first half of 2012, net income is $2.7 million or $0.20 basic and
diluted earnings per share, while the first half of 2011 also showed net
income of $2.7 million with $0.21 basic and $0.20 diluted earnings per
Revenues from the Sporting Goods business were up 5.7
percent for the quarter and 9.6 percent for the first half of 2012,
compared to the same periods prior year. Management believes improved
sales in the Sporting Goods segment will continue through the remainder
of the year as the company builds on new product placements and expanded
Revenues from the Information Security
and Print Finishing business decreased 4.6 percent and 4.9 percent for
the second quarter and first half of 2012, respectively, compared to
last year. Excluding the effects of changes in the currency exchange
rates, revenues decreased 0.5 percent and 1.7 percent, for the second
quarter and first half of 2012, respectively. Revenues in this business
segment remain fairly flat to prior year and the company expects
continued challenges in the international market due partly to austerity
measures taken in European and other governmental channels.
favorable spring weather helped drive first quarter sales, we
experienced lower growth in the second quarter," stated Robert J.
Keller, President and Chief Executive Officer of Escalade, Inc. "The 5%
sales growth and 13% operating income growth in the first half are
reflective of the overall improvement in the business. While it appears
consumers will be more cautious with spending in the second half of
2012, we anticipate continued growth through new product placements and
expanded brand-building activity."
Escalade is a manufacturer and
marketer of sporting goods and information security/print finishing
products sold worldwide. Its sporting goods brands include Bear Archery,
Trophy Ridge, Whisker Biscuit, STIGA, Ping-Pong, Goalrilla, Goaliath,
Silverback, Woodplay, Childlife, The STEP, USWeight, Harvard Game,
Atomic, Accudart, Mosconi, and Mizerak.