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Escalade profit beats consensus by 19.9% in fiscal Q1

Escalade Inc. said its normalized net income for the fiscal first quarter ended March 21 amounted to 22 cents per share, compared with the S&P Capital IQ consensus estimate of 18 cents per share.

EPS rose 40.6% year over year from 15 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.1 million, an increase of 43.7% from $2.1 million in the year-earlier period.

The normalized profit margin rose to 9.2% from 7.7% in the year-earlier period.

Total revenue increased 20.6% on an annual basis to $33.4 million from $27.7 million, and total operating expenses increased 19.4% from the prior-year period to $29.1 million from $24.4 million.

Reported net income rose 59.7% year over year to $3.6 million, or 25 cents per share, from $2.2 million, or 16 cents per share.