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Article Date: May 2017
Word Count: 117

Liberty Safe and 5.11 Hit By Gander Bankruptcy

Compass Diversified-owned 5.11 Tactical and Liberty Safe took bad debt reserve charges of $1.3 million and $1.4 million respectively in the first quarter due to the Gander Mountain bankruptcy. 5.11 sales grew 16% to $78,513,000 in the quarter boosted by a $9.8 million one time international direct-to-agency sale. Operating loss was $9,485,000 hurt by a step-up in inventory valuation ... Log in to view full article.


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