After three years of almost uninterrupted double digitsales and profit growth, Q106 showed a significant slowing in industryfinancial results. Excluding Q405, when K2 had a $253 million non-cashwritedown of assets, the industry had averaged a 29% increase in net incomeover the last 11 quarters and a 14% increase in revenues. While revenues had aminor downward blip to 12% in Q106, profit growth slowed to 9% for the 59public companies we tracked.

As always, we are tracking results of public companiesfor the quarter ended nearest to Mar. 31. In the Diversified section, we aretracking operating income, generally the only figure disclosed, whereas ... Log in to view full article.