Garmin Reports 28% First Quarter Sales Increase
Garmin's revenue for Q1 2004 increased 28% to $158.3 million from $123.8 million last year. Net income was $34.7 million, or 32 cents diluted EPS, compared to $41.5 million or 38 cents diluted EPS last year. Q1 net income included a $7.6 million fo
Pacific Acquisition Helps Dorel Boost Q1 Sales 41.5%
Dorel Industries posted a record quarter in sales citing
continued organic growth at Dorel Juvenile Group USA and the benefits of Pacific Cycle. Total revenues for the first quarter ended March 31, 2004 were up 41.5% to $391.8 million, compared to $276.9
Amer Group Sees Breakthrough Quarter; Posts Gains in Most Divisions
Amer Group’s net sales were €293.4 million ($366.5 mm) for the 2004 first quarter, a 4.3% increase from Q1 2003 sales of €281.2 million ($301.7 mm). EBIT increased 126.7% to €46.7 million ($58.3 mm) from €20.6 million ($22.1 mm) in the year-ago period.
GoLite and Timberland Team Up for Adventure Racing
GoLite and The Timberland Company are teaming up to co-sponsor one of the most experienced adventure racing teams in the sport. Team GoLite/Timberland will be racing in 2004’s major professional adventure races, including the Subaru Primal Quest, the Raid
John Moore Joins Mossimo as VP and Creative Director of Modern Amusement
John Moore has joined Mossimo as Vice President and Creative Director of Modern Amusement. Mr. Moore joins Mossimo from Abercrombie & Fitch where he was Senior Director of Global Concepts. As Creative Director of Modern Amusement, Mr. Moore will focus on
K-Swiss Q1 Earnings Rise 59.5%, But Forecast Moves Lower
K-Swiss announced net earnings for the first quarter increased 59.5% to $21.8 million, or 57 cents per diluted
share, compared with $13.6 million, or 36 cents per diluted share, in Q1 last year. Diluted EPS rose 58.3%. Total worldwide revenues increased
Escalade in 2 for 1 Common Stock Split
The Escalade, Inc. Board of Directors has approved a two-for-one split on Escalade common stock. As a result of the stock split, shareholders will receive one additional common share for every share held on the record date of May 11, 2004…
Russell Corp. Inks Deal with Two HBC Conferences
Russell Corporation has signed agreements with two Historically Black Conferences that will serve as the basis for a first-of-its kind alliance with the 21 schools represented. The company will supply athletic apparel, team uniforms, balls and sports equi
Optimer Promotes Karen Deniz to President of EU Division
Wilmington-based Optimer Performance Fibers has promoted Karen Deniz to president of their European division from vice president of marketing. Deniz will also continue to oversee marketing for Optimer…
Lavin Joins Outside Magazine’s Sales Team
Outside magazine has added Terry Lavin to the sales team as account manager. Terry will join the magazine's New York-based staff and report to the Eastern advertising director, Skip Gilbert…
Filmar Acquires Merkeley
Filmar Corporation executives (manufactures of Bula headwear) signed the final papers for the purchase of Merkley Headgear. Although celebrating its third decade as an authentic brand in the ski resort headwear marketplace, Merkley was recently facing fin
Q1 Sales Jump 15% at VF Corp; Net Income up 13%
VF Corporation announced better than anticipated results for the first quarter. Q1 sales rose 15%, to $1,432.7 million from $1,250.0 million in the prior year's first quarter. Net income increased 13% to $103.9 million from $92.1 million, with earnin
Bite lands LPGA Distribution Deal
Bite Footwear will distribute, through an agreement with Benchmark a.k.a. RMP Athletic, the LPGA’s new apparel line for women. The line bears the LPGA logo and will be available this May…
Brunswick Net Earnings Jump to $48 million; Sales Up 28%
For the quarter ended March 31, 2004, Brunswick Corporation reported a net sales increase of 28 percent to $1,199.6 million, up from $934.5 million a year earlier. Operating earnings rose to $78.5 million compared with $13.0 million in the year-ago quart
VF Corp. to Buy Vans in $396 Million Deal
VF Corporation has signed a definitive merger agreement to acquire Vans, Inc. Vans' sales in fiscal 2003 were $330 million, and the company has indicated that it expects sales of approximately $346 to $349 million in fiscal 2004, which ends May 31.
