Escalade, Incorporated(Nasdaq: ESCA)Q4 2024 Revenue Conference Telephone, February 26, 2025, 11:00 am ET
Company Participants
Patrick Griffin – Vice President of Corporate Development
Walt Glazer – President and CEO
Stephen Wawrin – Chief Financial Officer
Teleconference participants
Rommel Dionisio -Aegis
David Cohen-Minerva
Operator
Good morning, everyone, welcome to the Escalade Conference Call in the fourth quarter of 2024. All participants will be in listen-only mode. [Operator Instructions] Also note that today’s event is being recorded.
Currently, I want to hand over the floor to Patrick Griffin, vice president of company development and investor relations. Sir, please continue.
Patrick Griffin
Thank you, operator. I want to represent the entire team at Escalade and welcome you to our fourth quarter and full year 2024 results call. President and CEO Walt Glazer contacted me today. and our Chief Financial Officer Stephen Wawrin.
Today’s discussion contains forward-looking statements regarding future business and financial expectations. Actual results may differ materially from those expected in today’s forward-looking statements due to various risks and uncertainties, including those described in periodic reports filed with the SEC. We have no obligation to update our forward-looking statements except as required by law. At the end of our prepared speech, we will open up the questions.
That way, I want to hand over the phone to Walter.
Walt Glazer
Thank you Patrick, welcome to join us. Throughout 2024, our team has successfully led to a softer period of consumer demand by continuing to prioritize operational discipline, reduced asset optimization expenses and increased efficiency. These moves continued in the fourth quarter, ultimately achieving year-on-year growth and strong cash flow.
Although sales in the fourth quarter fell 2% compared to the previous year
