Results for ""eric smith""

Vista Outdoor Inc. CEO Chris Metz on Thursday cited a host of “challenging” headwinds that led to the company’s disappointing fiscal first-quarter performance. However, he also spent a lot of time on this week’s earnings call with analysts detailing how the executive team plans to revamp and revitalize the beleaguered Anoka, MN-based company and its brands, including CamelBak.

Record revenue in the second quarter couldn’t keep Camping World Holdings Inc.’s stock from nosediving Thursday. As investors saw the impact of margin pressures on the company’s revised full-year guidance, CWH shares dipped 28 percent in early morning trading before closing the day down $1.67, or 16.1 percent, to $8.71.

Although Acushnet Holdings Corp.’s $28.7 million acquisition of premium ski and golf apparel brand Kjus didn’t happen until the third quarter, CEO David Maher spent plenty of time on Wednesday’s Q2 earnings call discussing the company’s vision for its newest asset. He also explained why Acushnet views Kjus as a “great fit.”

Shares of Clarus Corp. closed the day down $1.87, or 14 percent, to $11.50 after the company on Monday said a sales decline at Sierra Bullets offset continued momentum at Black Diamond Equipment, resulting in a second-quarter revenue beat but an earnings miss. President John Walbrecht explains the countervailing winds that inversely affected the company’s portfolio.

Tripp Wyckoff, president and CEO of Sherrill Inc., the Greensboro, NC-based distributor and retailer of arborist tools and climbing equipment, takes SGB behind the deal of the company’s recent acquisition of climbing rope manufacturer Sterling Rope Co. Inc. The company has big plans for its newest asset.

Compass Diversified Holdings (CODI) saw its two primary brands in the outdoor and sportsman’s space—5.11 and Velocity Outdoor—head in different directions during the second quarter. While 5.11 exceeded the company’s expectations, Velocity encountered some headwinds that stunted growth.

Emerald Expositions Events Inc. continues to beat the drum about Outdoor Retailer’s three-show cycle, which still has its doubters. During Thursday’s earnings call with analysts to discuss the company’s overall performance for the second quarter, Emerald’s recently appointed President and CEO Sally Shankland and CFO Phil Evans provided some color around the “cadence” of Outdoor Retailer.

The second quarter was an ideal period for Yeti Holdings Inc. to prove once again it offers much more than expensive coolers. During the period, Yeti launched new products and executed on strategic initiatives as the company’s earnings on an adjusted basis increased 23 percent on a 12 percent revenue gain.

Monday was Jim Barr’s first day as Nautilus Inc.’s new CEO. Three days later, he hosted the company’s earnings call to discuss a lackluster second quarter in which the Vancouver, WA-based exercise equipment manufacturer missed both EPS and revenue expectations. Turning around the company’s fortunes is why Barr was brought on board, so can he deliver?

The acquisition of indoor bike training manufacturer Tacx is boosting Garmin Ltd.’s top line and gross margins. The evidence arrived in the second quarter—the period in which the Tacx deal was completed—as the brand’s sales helped pad Garmin’s growing fitness segment.

The recreational vehicle industry has hit several speed bumps lately: RV shipments were down double digits last month and some of the industry’s leading companies have seen earnings and shares take a hit from market softness. Also, the Recreational Vehicle Industry Association (RVIA) announced layoffs after scrapping its new trade show platform and it continues to look for a new president after Frank Hugelmeyer resigned.

Columbia Sportswear Co.’s second-quarter earnings report was filled with facts and figures showing how strength throughout its portfolio, balance across its channels and continued margin improvement due to its Project Connect initiative drove record revenue and an earnings beat. But Tim Boyle, the company’s president and CEO, was even more excited about what’s coming in the second half of the year—an unprecedented focus on footwear.

Military sales boosted Rocky Brands Inc.’s second-quarter revenue thanks to a timely purchase agreement from the Defense Logistics Agency and some accelerated shipments that were pulled forward because of a Department of Defense contract ending early. But while both of those events helped the company post a revenue beat for Q2, the military segment could be a drag on third-quarter performance before picking up again, executives said.

While VF Corp. executives spent most of Wednesday morning’s earnings call discussing the company’s impressive first quarter, including standout performances from Vans and The North Face, recent transformation efforts were also on the agenda. And now that the spinoff of Kontoor Brands is complete, VF’s focus is squarely on its ongoing and massive relocation to Denver.

Black Diamond Equipment, the flagship brand of the publicly traded holding company Clarus Corp., this week said it will lay off 70 manufacturing employees at BD’s Salt Lake City, UT, headquarters and move a portion of its production to Asia.