Escalade (ESCA) Raises Quarterly Dividend 12% to $0.14; 3.5% Yield
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Escalade Reports Record Second Quarter Results and Increases Quarterly Dividend 12%
August 6, 2020 6:00 AM EDTEVANSVILLE, Ind., Aug. 6, 2020 /PRNewswire/ -- Escalade, Incorporated (NASDAQ: ESCA) - "Following a strong first quarter performance, the Company accelerated growth in the second quarter, delivering record sales and earnings. Despite continued challenges associated with the COVID-19 pandemic, our revenue grew 50.1%, while gross margin expanded 450 basis points in the quarter. This resulted in an acceleration of diluted EPS to $0.61 versus $0.13 in 2019," said Scott Sincerbeaux, President and CEO of Escalade, Inc. "Our entire organization rallied around each other to ensure the well-being of our collective teams. Early in the quarter, our production facilities in... More
