Escalade Reports Q3 Earnings with EPS Beat and Revenue Miss
Escalade (ESCA) reported third-quarter financial results featuring a GAAP earnings per share of $0.48, surpassing analyst expectations by $0.14. However, the company's revenue of $65.6 million fell short of estimates by $2.88 million, representing a 3.2% decline compared to the same period last year. Despite the revenue miss, profitability metrics showed strength with EBITDA rising to $10.0 million from $8.6 million in the prior year. Pre-tax income was bolstered by $1.7 million in tariff recoveries. Additionally, the company saw a significant improvement in liquidity, reporting $14.9 million in cash provided by operations compared to a cash outflow of $1.0 million in the previous year.
Tickers: $ESCA
Topics: acquisition earnings beat pet care market revenue miss