Bauer Performance Sports Ltd.'s fourth quarter revenues grew by 18 percent to $80.5 million due to strong growth in sales of ice hockey equipment. Overall revenues increased 22 percent for the 12 months ended May 31, led by strong performance in all product categories.
For the fourth quarter ended May 31, revenues increased 18 percent due to strong growth in ice hockey equipment (14 percent), including fourth quarter growth in sticks (61 percent) and goalie equipment (41 percent), lacrosse (130 percent) and apparel (87 percent). Revenues from the North American market were up 15 percent while sales outside North America were up 27 percent in the period. Excluding the impact of foreign exchange, revenues grew by 20 percent in the fourth quarter of fiscal 2012.
The continued strong performance in hockey equipment has increased Bauer's global ice hockey equipment market share to 52 percent.
| US$ 000,000's except per share data and % | Three months ended | Twelve months ended | |||||||||||||||||
| May 31, 2012 | May 31, 2011 | Change vs. prior period | May 31, 2012 | May 31, 2011 | Change vs. prior period | ||||||||||||||
| Revenues | $ | 80.5 | $ | 68.2 | 18 | % | $ | 374.8 | $ | 306.1 | 22 | % | |||||||
| Gross profit | 34.6 | 30.9 | 12 | % | 142.7 | 119.1 | 20 | % | |||||||||||
| Adjusted Gross Profit* | 35.2 | 31.7 | |||||||||||||||||
