Black Diamond, Inc. expects to report third quarter consolidated sales of approximately $42 million, an increase of 24 percent compared to $34 million in the third quarter of 2010.
For the nine months ended Sept. 30, 2011, Black Diamond expects to report consolidated sales of approximately $109 million, an increase of 20% compared to pro forma sales of approximately $91 million for the same period in the prior year, which includes the results of Black Diamond Equipment and Gregory Mountain Products prior to their acquisitions by the Company in May 2010.
“Strong global demand for our products, consistent execution in sales and marketing, and the strength of our operational platform drove another outstanding quarter,” said Peter Metcalf, president and CEO of Black Diamond. “Looking ahead, we expect our global operational model to provide a strong platform for organic growth as we pursue acquisition strategies designed to advance Black Diamond as one of the world's most respected and leading active outdoor equipment and lifestyle companies.”
