Outdoor financials: Outdoor products lead to Jarden’s 1Q sales growth, profit; plus Rocky Brands earnings

Jarden Corp. reported higher 1Q 2011 sales and swung to a profit led by recent acquisitions and stronger growth from its outdoor brands such as Marmot, K2 and Coleman. Plus, footwear company Rocky Brands swings to profit, but sees revenue decline.

Jarden Corp.’s (NYSE:JAH) outdoor product segment, including Marmot, K2 and Coleman brands, led the company’s organic revenue growth and helped it swing to a profit in the first quarter.

The Rye, N.Y. –based consumer product company reported first-quarter 2011 sales up 25 percent to $1.5 billion, compared to $1.2 billion during the same period a year ago.

The growth was mostly due to recent acquisitions, such as the Aero brand, which helped boost the company’s Outdoor Solutions segment by 10.3 percent to $677.5 million, from a year ago.

Minus those acquisitions, organic revenue grew 3.3 percent in the first quarter, led by 6-percent organic growth in the company’s Outdoor Solutions segment.

For the quarter ended March 31, 2011, Jarden swung to a profit of $19 million, or $0.21 per diluted share, compared to a net loss of 59 million, or a loss of $0.66 per diluted share, during the same period a year ago.

Rocky Brands sees sales down on military, but profit up on outdoor footwear

Rocky Brands Inc. (Nasdaq: RCKY) swung to a profit in the first quarter, but reported lower sales due to a decline in military footwear demand.

The Nelsonville, Ohio-based footwear company, which owns the Rocky, Georgia Boot and Durango brands, saw its first-quarter 2011 revenue drop nearly 7 percent to $52.3 million, compared to $56.1 million during the same period a year ago.

Rocky Brands’ first-quarter 2011 net-income improved to $500,000, or $0.07 per diluted share, versus a net loss of $600,000, or a loss of $0.10 per diluted share, during the first quarter 2010.

CEO Mike Brooks said the company was able to offset the decline in military sales and swing to a profit due to better retail sales of its hunting and work footwear, via higher prices and better margins through web-based transactions.

Inventory at Rocky Brands grew 16.1 percent to $61.7 million at the end of the first quarter, March 31, 2011, compared to a year ago, but officials said the rise was the result of lower than desired inventory a year ago due to supply constraints.

Compiled by David Clucas



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