Escalade earnings stay sluggish

  • Comments
  • Print

Profit for sports- and office-products maker Escalade Inc. was flat in the quarter ended Dec. 31 on lower sales of sporting goods to mass-market retailers.

The Evansville company earned $2.6 million, or 20 cents a share – virtually the same as during the fourth quarter of 2006.

Sales fell 7 percent to $40.9 million.

“Industry-wide erosion in consumer demand for soccer and hockey game tables is the primary reason for the decline, and this trend is expected to continue into next year,” the company said.

Escalade said sales to specialty sporting goods retailers are growing, however.
Office products grew 5 percent, with a slowdown in the U.S. office market offset by more demand for paper shredders in Europe, the company said.

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In