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Article Date: October 2006
Word Count: 341

K2’s Q2 NET RISES 29%; TWO ACQUISITIONS ARE PENDING.


Net income was $21,518,000 against $16,740,000 in theperiod ended Sept. 30 as total revenues grew 5% to $356,884,000 from$340,352,000. Gross margins were 180 basis points higher at 38.6% fueled byhigher apparel sales.

Q3 results by segment showed 2% sales growth in Marineand Outdoor to $80.8 million but a 16% drop in operating profit to $8.3million; a 2% increase in Team Sports’ sales to $64.5 million and a $3.0million loss in a seasonally slow period for the segment; a 2% sales expansionin Action Sports to $149.5 million and 27% increase in operating income to$33.1 million. The Action Sports gain was attributed to ... Log in to view full article.

 


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