..they made .19/share in spite of an abnormally high near 50% tax rate. At a normal tax rate, they would have posted .22/share for the quarter.
And management stated things are looking bright going forward in by far their biggest segment:
"Management expects strong sales in the Sporting Goods segment for the remainder of the year....
We experienced excellent results in the Sporting Goods segment, which generated a consolidated net income increase of 141% on 12% revenue growth for the second quarter," stated Robert J. Keller, President and Chief Executive Officer of Escalade, Inc. "Momentum continues to build with consumers and retailers in response to the innovation and performance delivered through our flagship brands. "
Their tax rate is distorted because they are losing money in Europe. They had a one time loss in the quarter as they have now wound down ESCALADE Int'l. Their accounting and presentation seem conservative.