Unifi Inc.’s adjusted earnings declined in the fourth quarter ended June 24 due to spiking crude oil prices. But the recycled fiber specialist saw healthy top-line growth and gross profit and operating income for the fourth quarter improved compared to the third quarter with the help of pricing adjustments.
Author: sportsoneauthor
Unifi Elects Board Member
Unifi Inc. announced the election of Eva Zlotnicka to the Board of Directors.
Fox Factory Raises Fiscal Guidance After Solid Q2
Fox Factory Holding Corp. on Thursday reported adjusted net income of $21.9 million, or earnings of 56 cents per diluted share, compared to $15 million, or 39 cents earnings per diluted share in the same period last fiscal year. The company reported that sales increased 29.8 percent to $156.8 million from $120.8 million in the same period last fiscal year
Olin Corp Posts Profit Against Loss
Olin Corp, the parent of Winchester, reported second quarter 2018 reported net income was $58.6 million, or 35 cents per share, which compares to the second quarter 2017 net loss of $5.9 million, or 4 cents, a year ago.
Winchester’s Q2 Profits Sink On Rising Raw Material Costs
Winchester’s income before taxes declined 37.9 percent in the second quarter to $11.8 million compared to $19.0 million in the second quarter 2017, according to the gun maker’s parent, Olin Corp.
Unifi Delivers 6 Percent Revenue Gain In June Quarter
Unifi Inc.’s earnings climbed 11.7 percent in the fiscal fourth quarter ended June 24 as sales grew 5.9 percent. Adjusted earnings were down due to higher raw material costs.
Gildan Activewear Raises Outlook On Improving Q2
Gildan Activewear reported an earnings gain of 1.2 percent in the second quarter as a 6.8 percent sales gain and expense controls offset lower gross margins. The company slightly raised its outlook for sales and earnings for the year.
Acushnet Sees Double-Digit Gains In Q2
Acushnet Holdings Corp., the parent of Titleist and Footjoy, reported earnings rose 20.9 percent in the second quarter ended June 30 on an 11.7 percent revenue gain.
Sturm Ruger’s Earnings Jump In Q2
Sturm, Ruger & Company Inc. reported earnings rose 48.9 percent in the second quarter while sales declined 2.7 percent.
Versa Sales Help Drive Fitbit’s Q2 Income, Revenue Beat
Fitbit Inc. rode the strength of the company’s Versa smartwatch—which sold out during the second quarter—to beat analysts’ estimates on income and revenue. For the quarter ended June 30, the wearables company reported a net loss of $54 million, or (22) cents per share, beating analysts’ expectations by 2 cents. Fitbit also reported revenue of $299 million, beating consensus estimates by $$13.9 million
Vicis Partners With Visalia Unified School District In California
Visalia Unified School District announced the district will equip varsity football programs at all four of the district’s high schools with the Vicis Zero1 helmet for the 2018 football season.
Compass Diversified Holdings Posts Profit In Q2
Cash Flow for the second quarter of 2018 reflects year-over-year earnings increases at the company’s Advanced Circuits, Arnold Magnetics, Clean Earth and Manitoba Harvest businesses, offset by declines at the company’s Liberty, ErgoBaby and 5.11 businesses.
Adidas Settles For $8 Million In Rockport Dispute
Adidas AG has agreed to settle the company’s $54 million claim in the bankruptcy case of Rockport for $8 million.
Alta Gracia Acquired By Seasoned Team
Alta Gracia, a certified Living Wage apparel company, announced the company’s recent acquisition by Atlanta-based investment group AG Triada, along with lead investor TripleStone Partners. Alta Gracia designs and manufactures athletic lifestyle products licensed for collegiate and professional sports.
REI To Open Grand Rapids Store
In spring 2019, outdoor co-op REI will open a new store in Grand Rapids, MI, the state’s second-largest city. With close proximity to the Grand River, Lake Michigan and the Huron-Manistee National Forests, Grand Rapids is Western Michigan’s hub for outdoor recreation.
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