LaCrosse Footwear, Inc. saw sales improve for both its fourth quarter and full year, with even stronger gains on the bottom line. All that despite a decrease in the calendar days covered by the current period compared to the year-ago.
Fourth quarter consolidated net sales were $31.7 million, up 7% from $29.8 million last year. As a result of the company's quarterly reporting calendar, the fourth quarter of 2006 included five fewer business days that last year, or an 8% decrease. Net income was $2.2 million or 36 cents per diluted share in the quarter, up 9% from $2.0 million or 33 cents per diluted share last year.
For the full year, net sales increased 8% to $107.8 million from $99.4 million in 2005. Net income was $6.3 million or $1.02 income per diluted share, up 21% from $5.2 million or 85 cents per diluted share in 2005. The results in 2006 include stock-based compensation expense of $0.1 million or a penny per diluted share for the fourth quarter, and $0.5 million or 5 cents per diluted share for the full year 2006.
Sales to the outdoor market were $15.7 million for the fourth quarter and $53.1 million for the full year of 2006, up 10% from $14.2 million and up 9% from $48.9 million, respectively, for the same periods of last year.
