Net income of $17.8 million versus $4.1 million included a $48 million charge for the settlement of three pending lawsuits in its marine division. Including litigation and strategic charges, operating income rose 65 per cent to $39 million from $23.6 million. Revenues rose 5 per cent to $1,004.6 million from $956.5 million for the period ended Sep. 30.

Segment specific data showed indoor recreation operating earnings grew 20 per cent to $10.4 million on a 6 per cent rise in revenues to $174.1 million. Increased sales to U.S. ... Log in to view full article.