Outdoor financials: Black Diamond sales up, targets apparel in 2013

Black Diamond reported preliminary fourth quarter and year-end 2010 sales, both up more than 9 percent from a year ago. It also announced a target date of fall 2013 to launch a new apparel and footwear line to its brand.

Black Diamond, Inc. (Nasdaq: BDE) reported higher preliminary fourth-quarter and full-year 2010 revenue, along with the news that it is targeting fall 2013 to enter the outdoor technical apparel and footwear market.

The Salt Lake City, Utah-based outdoor equipment company (www.blackdiamondequipment.com), which merged with Gregory Mountain Products in May, said it expects to report combined sales of $34 million in the fourth quarter, ending Dec. 31, 2010 – up 9.7 percent from what combined sales would have been between the then-separate companies a year ago.

Full-year 2010 combined revenue is expected to come in at $125 million – up 9.6 percent from what combined sales would have been in 2009. Full financial details, including profits, are expected upon the completion of the company’s audit.

With the company integration complete, Black Diamond CEO Peter Metcalf said his company will focus on growth.

“The next few years hold an extraordinary opportunity for our brand and the next logical step is apparel,” Metcalf said in a statement. “We believe the market demand for Black Diamond apparel is substantial and, if executed well, that this category can become equal to or larger than the balance of our business within five years of launch.”

Black Diamond’ s current product line focuses on climbing gear, technical backpacks, headlamps, skiing equipment and accessories, and avalanche safety products.

Excluding the above plans to expand into new product lines, Black Diamond officials forecasted 12.5 percent compounded annual sales growth from existing categories. They also estimated full-year 2011 sales to range between $135 million to $140 million and gross margins between 36 percent and 39 percent, which does not take into effect new category launches or the impact from possible strategic acquisitions, officials said.

“Acquisitions are an important element of our long-term strategic plan and we are intently focused on identifying specific transactions that can accelerate our organic growth, leverage our global operating platform, and add additional value for shareholders,” Metcalf said. “While we are confident that we will prove to be an acquirer of choice, the timing, size and specific impact of acquisitions is unpredictable.”

Black Diamond officials also noted a new company strategic plan, which calls for “significant operating expense investments in areas such as a new distribution facility, visual merchandising, direct to consumer sales and marketing, product development and infrastructure.”

-- Compiled by David Clucas

For more information about any public company on this page or its financial reports, as well as to view stock prices updated every 15 minutes, visit the SNEWS® Stock Market Updates. Click on:www.snewsnet.com/cgi-bin/snews/stock_report.html.



Outdoor financials: Black Diamond 4Q sales up, but posts loss due to restructure

Black Diamond, Inc. (Nasdaq:BDE) reported March 14 its fourth-quarter 2010 revenue was up 13.6 percent, but still recorded a quarterly net loss due to continued restructuring and integration costs of the new public company. The Salt Lake City-based outdoor gear company, which ...read more


Black Diamond sales up 19%, but slight loss lingers

Black Diamond Inc. (Nasdaq: BDE) reported higher sales, but slipped to a loss for the second quarter 2011, despite completing all merger costs. The Salt Lake City-based parent of the Black Diamond Equipment and Gregory Mountain Products brands reported second-quarter revenue of ...read more


Black Diamond to focus on organic growth in 2013, but tuck-in acquisitions possible

Black Diamond Inc. (Nasdaq:BDE) will take a break from its recent shopping spree — at least of large ticket items. With $15 million still available in credit along with $5.1 million in cash, Black Diamond CEO Peter Metcalf told investors Monday the company could still consider ...read more

Companies battle over Black Diamond apparel trademark

For years the problem just hung there, like a snowloading cornice waiting to crack. For a decade, two separate companies employed the Black Diamond apparel trademark without challenging the other's right to use it. Black Diamond Equipment Ltd. of Salt Lake City and Black Diamond ...read more


Black Diamond touts $70 million in available cash and credit for prospective acquisitions, apparel launch

Black Diamond Inc. (Nasdaq:BDE) reported higher revenue and profit for the fourth quarter 2011, also updating investors of its cash and credit on hand following its recent stock offering and paying down of debt. The Salt Lake City-based outdoor equipment manufacturer and parent ...read more


Black Diamond 1Q revenue up, reports first profit

Black Diamond Inc. (NASDAQ: BDE) reported higher revenue and a profit for the first quarter 2011 as it completed the merger and integration of its two brands, and moved forward with its apparel initiatives. The Salt Lake City, Utah-based parent of Black Diamond Equipment and ...read more


Black Diamond 3Q sales up 24 percent, swings to profit

Black Diamond (NYSE:BDE) reported higher revenue and swung to a profit in the third quarter 2011, primarily boosted by strong international sales. The Salt Lake City-based parent company of Black Diamond Equipment and Gregory Mountain Products reported third-quarter revenue up ...read more


Black Diamond 2Q sales rise; Metcalf hints at additional acquisition

Black Diamond Inc. (Nasdaq: BDE) reported higher sales for the second quarter 2012, despite a wider loss, partly due to transaction-related costs of its previously announced deal to acquire Poc Sports. That deal closed July 2, and will begin to add revenue to the company’s ...read more


Black Diamond 3Q sales rise 16% on Poc Sports acquisition, income slips on expansion costs

Investments and growth bring in more money, but also more expenses, and the latter is especially true at the start. Black Diamond Inc. (Nasdaq:BDE) reported its revenue up 16 percent to $48.7 million in the third quarter 2012, compared to a year ago, primarily due to additional ...read more