8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


        Date of report (Date of earliest event reported)  January 28, 2005
                                                          ----------------


                              ESCALADE, INCORPRATED
             ------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)


                                     Indiana
                 ----------------------------------------------
                 (State or Other Jurisdiction of Incorporation)


            0-6996                                    13-2739290
    ------------------------               ---------------------------------
    (Commission File Number)               (IRS Employer Identification No.)


    251 Wedcor Avenue, Wabash, Indiana                     46992
    ----------------------------------------             ----------
    (Address of Principal Executive Offices)             (Zip Code)


                                 (260) 569-7208
              ----------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)


          -------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)


         Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)
[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)
[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))


Section 2 - Financial Information

Item 2.02   Results of Operations and Financial Condition.

         On January 28, 2005, Escalade, Incorporated ("Escalade") issued the
press release attached hereto as Exhibit 99.1 announcing preliminary financial
information regarding Escalade's completed 2004 fiscal year. The information
hereunder shall not be deemed to be "filed" for the purposes of Section 18 of
the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to
the liabilities of that section, nor shall it be incorporated by reference into
a filing under the Securities Act of 1933 or the Exchange Act, except as shall
be expressly set forth by specific reference in such a filing.


Section 9 - Financial Statements and Exhibits

Item 9.01   Financial Statements and Exhibits

            (c)   Exhibits

                  EXHIBIT
                  NUMBER           DESCRIPTION
                  ------           -----------
                   99.1            Press release dated January 28, 2005



                                   SIGNATURES

         Pursuant to the requirements of the Securities Act of 1934, Escalade,
Incorporated has duly caused this report to be signed on its behalf in Wabash,
Indiana by the undersigned hereunto duly authorized.


Date:  January 28, 2005           ESCALADE, INCORPORATED

                                  By: /s/ TERRY D. FRANDSEN
                                      ------------------------------------------
                                      Vice President and Chief Financial Officer

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EX-99.1

                                  EXHIBIT 99.1

PRESS RELEASE

ESCALADE ANNOUNCES PRELIMINARY EARNINGS RESULTS FOR 2004

Wabash, IN (January 28, 2005) Escalade, Incorporated (NASDAQ: ESCA) announced
today that results for fiscal 2004 are significantly below last year's results
due to unexpected excess inventory adjustments; adjustments to the restructuring
costs recorded in the third quarter; and legal and other costs associated with
the Company's European operations. Preliminary results indicate that net income
for the year will be approximately $7.8 million or $0.60 per share. The Company
expects to announce its detailed fiscal 2004 financial results on February 11,
2005.

Escalade is a quality manufacturer and marketer of sporting goods and
office/graphic arts products sold worldwide. To obtain more information on the
Company and its products, visit our website at: www.EscaladeInc.com or contact
Terry Frandsen Vice President and CFO at 260/569-7208 or C.W. (Bill) Reed,
President and CEO at 260/569-7233.


FORWARD LOOKING STATEMENTS

This report contains forward-looking statements relating to present or future
trends or factors that are subject to risks and uncertainties. These risks,
include, but are not limited to, the impact of competitive products and pricing,
product demand and market acceptance, Escalade's ability to successfully
integrate the operations of acquired assets and businesses, new product
development, the continuation and development of key customer and supplier
relationships, Escalade's ability to control costs, general economic conditions,
fluctuations in operating results, changes in the securities markets and other
risks detailed from time to time in Escalade's filings with the Securities and
Exchange Commission. Escalade's future financial performance could differ
materially from the expectations of management contained herein. Escalade
undertakes no obligation to update these forward-looking statements after the
date of this report.

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