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Escalade fiscal Q2 profit falls 35.0% YOY

Escalade Inc. said its normalized net income for the fiscal second quarter ended July 9 came to 13 cents per share, compared with the S&P Capital IQ consensus estimate of 14 cents per share.

EPS fell 35.4% year over year from 20 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.8 million, a decrease of 35.0% from $2.8 million in the prior-year period.

The normalized profit margin declined to 3.8% from 6.5% in the year-earlier period.

Total revenue climbed 10.7% year over year to $48.5 million from $43.8 million, and total operating expenses grew 14.7% from the prior-year period to $45.5 million from $39.6 million.

Reported net income fell 34.4% on an annual basis to $2.2 million, or 15 cents per share, from $3.3 million, or 23 cents per share.