Escalade Inc. reported consolidated unaudited earnings results for the third quarter and nine months ended October 3, 2009. For the quarter, net sales were $26,358,000 against $40,797,000 a year ago. Operating income was $612,000 against $82,000 a year ago. Income before income taxes was $948,000 against loss before income taxes of $531,000 a year ago. Net income was $618,000 or $0.05 per basic and diluted share against net loss of $1,365,000 or $0.11 per basic and diluted share a year ago. For the nine months, net sales were $86,957,000 against $115,759,000 a year ago. Operating income was $1,358,000 against loss of $1,763,000 a year ago. Income before income taxes was $1,025,000 against loss before income taxes of $3,318,000 a year ago. Net income was $545,000 or $0.04 per basic and diluted share against net loss of $2,917,000 or $0.23 per basic and diluted share a year ago. Based on the year to date results and product placement information, the Company expects full year net revenue will be approximately 25% below prior year.

On September 30, 2009, Escalade Inc. and each of its domestic subsidiaries entered into a second amendment to Escalade's credit agreement with its issuing bank, JPMorgan Chase Bank, N.A. Under the prior terms of the credit agreement, as amended, certain post-closing actions were anticipated to be completed on or before September 30, 2009. Escalade and Chase have agreed in the second amendment to extend such completion date until October 30, 2009. The second amendment also eliminates the requirement that the company provide Phase II environmental reports on its owned real property and revises the commercial general liability insurance and all-risk property insurance coverage required to be maintained by the company. All other terms of the credit agreement remain in effect and are unchanged.

Escalade Inc. announced unaudited consolidated earnings results for the second quarter and six months ended July 11, 2009. For the quarter, the company's net income increased to $366,000 or $0.03 per diluted share compared to a net loss of $704,000 or $0.06 loss per diluted share for the same quarter last year. The company's net sales were $35,641,000 compared with $45,796,000 for the same period a year ago. Operating income was $1,374,000 compared with operating loss of $789,000 for the same period a year ago. Income before income tax was $763,000 compared with loss before income tax of $1,406,000 for the same period a year ago. For the six months, the company's net loss was $73,000 or $0.01 per diluted share compared to a net loss of $1,552,000 or $0.12 loss per diluted share for the same quarter last year. The company's net sales were $60,599,000 compared with $74,962,000 for the same period a year ago. Operating income was $746,000 compared with operating loss of $1,845,000 for the same period a year ago. Income before income was $77,000 compared with loss before income tax of $2,787,000 for the same period a year ago. The company expects sales declines for the remainder of 2009 to be relatively unchanged from the decline experienced in the first half of fiscal 2009.