Escalade, Inc. saw a turnaround in its Escalade Sports division more than compensate for a sales decrease in its Martin Yale office products division. For the first quarter, the entire company posted a 10% net sales increase to $32.8 million from $29.8 m
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Callaway Golf Shares Fall on Q1 Earnings Guidance…
Callaway Golf Company shares fell 11.2% last week to close at $15.15 on Friday after the company issued revised first quarter sales and earnings guidance that fell short of Wall Street expectations. ELY is estimating that first quarter earnings per share
Antigua 2005 Net Income Down Despite Revenue Gain…
Antigua Enterprises Inc. saw net sales increase 5.1% to $45.9 million for the year ended December 31 from $43.7 million in the prior year. Gross margins declined 50 basis points to 37.7% of sales from 38.2% of sales in the prior year. Net income slipped
OIA Looks Ahead to Capitol Summit…
OIA will host its annual Capitol Summit on April 26 & 27 in Washington D.C. with top-ranking executives from throughout the industry in attendance. Past events have been quite successful with very ambitious agendas and back-to-back meeting with members of
Friends of the Outdoor Industry Award Recipients Named…
The Friends of the Outdoor Industry Award is presented to a Member of Congress in recognition for their legislative leadership around outdoor recreation. This year, awards will be presented to Senator Conrad Burns (R-TN), Senator Susan Collins (R-ME), Sen
Summus Works Acquires Lisker of France USA
Summus Works, Inc., formerly known as Prime Rate Investors, has signed a letter of intent to acquire the U.S. distributor of Lisker clothing. Lisker is based in Grenoble, France, where it manufactures technical ski and snowboard wear and accessories. Lisk
Shimano Misses Sales Targets; Income Falls 15%…
Shimano, Inc. saw sales and margins slip in 2005 as operational problems plagued its bicycle components division causing the company to miss delivery on several of its higher end products. Spurred by higher demand for high end road-bikes, manufacturers ra
Orange 21 Reorganizes International Distribution…
After pre-releasing their fourth quarter and 2005 financials in February (see BOSS_0609), Orange 21 delayed filing its quarterly results with the Securities and Exchange Commission until recently. The company reiterated the sales and earnings declines rep
Timberland Uses Solar Power for Distribution Center
The Timberland Company, Inc. will use solar generated power as the primary source of electricity at its Ontario, California distribution center following the completion of a solar panel installation. Timberland's distribution center will be the first
Outside Magazine Names Gear of the Year Winners
After months of rigorous field-testing, Outside announced the 2006 winners of the magazine's Gear of the Year awards. The 15 winning products—from mountain bikes, surfboards, and kayaks to digital cameras, GPS units, and sunglasses—represent the very
Berkshire Hathaway to Acquire Russell Corp.
Russell Corporation and Berkshire Hathaway Inc. have executed a definitive Merger Agreement for Berkshire Hathaway to acquire Russell Corporation. Under the terms of the Merger Agreement, Russell Corporation stockholders will receive $18.00 per share in c
Antigua Sales Increase 5.1% for 2005
Antigua Enterprises Inc. saw net sales for the full fiscal year increase 5.1% to $45.9 million from $43.7 million the year before. Net income, however, slipped 11.5% to $2.1 million from $2.4 million one year ago. Diluted earnings per share reflected th
Easton-Bell Names Palma as CEO
Anthony Palma has officially assumed the position of CEO of Easton-Bell Sports, Inc. and Mark Tripp has assumed the position of CFO. William Fry, the company’s existing president and CEO, will remain the company’s president and will assume the new title o
GBMI Sells Stake in Pony to Hong Kong Firm
Global Brand Marketing Inc. sold its majority interest in Pony International, LLC to Sharp Gain Profits Limited, a member of the Symphony Holdings Group based in Hong Kong. In addition, the two other entities with interests in Pony, including The Firm Sho
Escalade Sports Sales Jump 42% in Q1
Escalade, Incorporated saw first quarter net sales of $32.8 million, a 10% increase compared to the year ago quarter. Net income rose 18% to $1.4 million or 11 cents per share versus 9 cents in the year ago quarter. Net sales at Escalade Sports increased
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