Escalade, Inc., a manufacturer and distributor of sporting goods and indoor/outdoor recreational equipment, reported its second quarter 2025 financial results. The company announced net sales of $54.3 million, a decrease from $62.5 million in the same quarter of 2024. Despite the drop in sales, the gross margin improved to 24.7% of net sales, up from 24.2% the previous year. Net income for the quarter was $1.8 million, translating to diluted earnings per share of $0.13. This is a decrease compared to the net income of $2.8 million, or $0.20 earnings per diluted share, reported in the second quarter of 2024. Operating income also declined to $2.6 million from $4.5 million in the previous year. EBITDA totaled $3.9 million, down from $5.8 million a year ago. The company highlighted a significant reduction in its ratio of net debt to trailing twelve-months EBITDA, which improved to 0.5x as of June 30, 2025, from 1.7x as of June 30, 2024. As of the end of the second quarter 2025, Escalade had total cash and equivalents of $10.4 million, with $48.5 million of availability on its senior secured revolving credit facility maturing in 2027. Escalade announced a quarterly dividend of $0.15 per share, payable on October 13, 2025, to shareholders of record as of October 6, 2025. CEO and President Armin Boehm noted the company's ability to improve gross margins despite continued softness in the sporting goods and recreation equipment markets and $1.6 million in tariff-related costs.