Cybex net sales for 3rd Q smidgen higher than year ago

Cybex International Inc. (AMEX: CYB) has reported net sales for the third quarter ended Sept. 28, 2002, of $19,898,000 versus $19,378,000 for the comparable 2001 period.
Author:
Publish date:

Cybex International Inc. (AMEX: CYB) has reported net sales for the third quarter ended Sept. 28 of $19,898,000 versus $19,378,000 for the comparable 2001 period. The net loss for the quarter ended September 28, 2002 was $388,000, or $0.04 per diluted share, compared to net income of $173,000, or $0.02 per diluted share, for the third quarter of 2001. Net sales for the nine months ended September 28, 2002 were $56,816,000, compared to $62,841,000 for the comparable 2001 period. The net loss for the nine months ended September 28, 2002 was $22,572,000, or $2.56 per diluted share, compared to net income of $574,000, or $0.07 per diluted share, for the same prior year period. The company has said it expects fourth quarter to exceed net sales in fourth quarter last year, and for the company to be profitable. "Cybex International continues to make progress. The sales increase in the third quarter over the corresponding period of 2001 represents our return to revenue growth, fueled by new and innovative products," said John Aglialoro, chairman and CEO. The Company announced that it has retained the investment banking firm of Legg Mason Wood Walker, Incorporated to advise and assist with alternatives associated with the refinancing of its debt facility. SNEWS View: These are better numbers, but better is certainly relative. Expecting fourth quarter to exceed last year isn't honestly expecting much, although we suppose that at least exceeding those numbers is reason to celebrate. Stock prices inched up slightly after this announcement only to drop again, still hovering in the 1.00 to 1.10 range as they have all of the last month since the company's "high" in late August and early September when it touched toward 2.

Related

Reebok 3rd Q net sales up 9 percent

Reebok International (NYSE: RBK) reported net income for the third quarter ended Sept. 30 of $53 million or 81 cents per diluted share, an earnings per share increase of 23 percent when compared to net income of $42 million, or 66 cents per diluted share in the third quarter of ...read more

The Sports Authority records 3rd Q net loss

The Sports Authority Inc. has reported a net loss of $4.2 million or $0.13 per diluted share for the third quarter ended Nov. 2. In the comparable period of the prior year, the company recorded a net loss of $4.5 million or $0.14 per diluted share. Sales for the third quarter ...read more

Amer Group 3rd Q net sales down, profits up

Amer Group, new owner of Precor, has announced a decrease in third-quarter net sales to Euro 283.6 million (USD $287.3 million) from Euro 304.5 million in the same period last year, although net sales were comparable to last year's level. The decrease came partly because of the ...read more

Dick's Sports IPO followed by record 3rd Q sales

Following an October IPO, Dick's Sporting Goods Inc. (NYSE: DKS) has reported record sales and net income results for its third quarter, ended Nov. 2. In its first reporting period since its initial public offering, the company announced pro forma net income for the quarter of ...read more

Nautilus reports net 4th Q sales of $155 million

The Nautilus Group (NYSE: NLS) has reported preliminary net sales for the fourth quarter of $150 million to $155 million, compared to $125 million for the same period last year. Earnings per share for the quarter are expected to range from $0.66 to $0.69, compared to $0.57. For ...read more

Columbia posts Q4 and fiscal year 2002 sales

Columbia Sportswear Co. (Nasdaq: COLM) had a 1.4 percent increase in net sales to $217.3 million for the fourth quarter ended Dec. 31, 2002, compared to 2001's $214.3 million in the same period. The company had a net income for the fourth quarter of $29.1 million, a 20.2 percent ...read more

TSI increases revenues 3rd Q by 13 percent

Town Sports International (TSI) has announced revenues for the quarter ended Sept. 30, 2002, of $81.8 million, an increase of $9.4 million, or 13 percent over the same quarter of 2001. During the quarter, TSI's mature clubs (those in operation for 24 months or longer) experienced ...read more