Compass Diversified Holdings (CODI) reported healthy growth for Crosman and 5.11 in the first quarter but Liberty Safe saw a steep decline.
Author: sportsoneauthor
MSR’s Pioneering Athletes … Choosing The Right Gear For Roads Less Traveled
MSR’s Pioneering Athletes … Choosing The Right Gear For Road’s Less Traveled
Mueller Sports Medicine Names New President
Mueller Sports Medicine appointed industry veteran John Cayer to the position of president. Cayer will report directly to CEO Brett Mueller.
Nike Holds Staff Meeting Over Culture Challenges
On Thursday, Mark Parker, CEO of Nike Inc., held a rare company-wide staff meeting at the company’s headquarters to apologize for allowing a culture where staff members were excluded and workplace complaints of inappropriate behavior were dismissed, according to The Wall Street Journal.
Newell Brands To Divest Pure Fishing
Newell Brands announced the expansion of its Accelerated Transformation Plan, adding Jostens and Pure Fishing to the list of potential divestitures previously announced.
Dorel Sports’ Revenues Slide In Q1
Dorel Industries reported revenues its Dorel Sports segment declined 3.5 percent. Excluding the impact of foreign exchange rates, organic revenue decreased by approximately 6.2 percent.
Johnson Outdoors Q2 Earnings Jump 55 Percent
Johnson Outdoors Inc. reported double-digit increases in sales and earnings driving record-high results during the company’s 2018 second fiscal quarter and first fiscal six months ending March 30, 2018.
VF’s March Quarter Highlighted By Vans’ Explosive Growth
VF reported earnings for the transition quarter ended March 31 rose 20.9 percent on a 21.7 percent revenue gain. Excluding the Williamson-Dickie acquisition, revenues increased 12 percent (up 8 percent currency neutral).
REI To Donate Up To $1 Million To National Forest Foundation
As part of a multi-year partnership with the National Forest Foundation (NFF), REI will donate up to $1 million to the nonprofit in 2018. Funds will support 11 projects that steward the country’s National Forests and Grasslands and restore access in areas damaged by natural disasters like wildfires and hurricanes.
GoPro Beats Q1 Earnings, Revenue Estimates
GoPro reported a loss of $76.3 million, or 55 cents a share, in the first quarter, but after adjustments, a loss of 34 cents per share beat Wall Street estimates of a loss of 36 cents per share. The company’s Q1 sales of $202.3 million beat the expected $182.2 million.
Roka Partners With Brooks Beasts Track Club
Roka Sports Inc., the performance eyewear specialist, announced the signing of the Brooks Beasts Track Club, including 2018 IAAF World Indoor Silver Medallist at 800m, Drew Windle, World Indoor 3000m Finalist, Katie Mackey, and 3x Great Edinburgh Cross Country Challenge Champion, Garrett Heath.
Remington Outdoor’s Plan of Reorganization Confirmed By The Court
The plan, a comprehensive balance sheet restructuring, will cancel over $775 million in debt while all trade and business claims are honored.
Adidas AG’s North American Momentum Continues
Adidas AG said a slowdown in Western Europe and continued weakening the company’s key footwear franchises in the first quarter was more than matched by strong sales momentum overall in North America and Greater China, an accelerating apparel business and strong full-price selling.
Winchester’s Earnings Dip On Higher Raw Material Costs
Olin Corp. said earnings at its Winchester segment fell 52 percent due to higher commodity and other material costs, a less favorable product mix, and lower selling prices.
CODI Sees Dip In Cash Flow In Q1
Compass Diversified Holdings (CODI) reported cash flow declined slightly in the first quarter as earnings growth in the company’s Advanced Circuits, Arnold Magnetics, Clean Earth, Sterno Products and Liberty Safe businesses was offset by declines at the company’s ErgoBaby, Manitoba Harvest and 5.11.
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