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ORANGE COUNTY EARNINGS

Sunglasses Maker Oakley's Sales and Profit Up Sharply

February 15, 1996

IRVINE — Oakley Inc. posted strong gains in net income and sales for 1995.

The Irvine designer and manufacturer of upscale sunglasses and goggles said net income rose 49% last year to $39.6 million, or $1.17 a share, from $26.6 million, or 82 cents a share, the previous year. Sales were up 39% to $172.8 million from $124 million.

The company, which went public last August, said fourth-quarter net income increased 59% to $9.2 million, or 26 cents a share, from $5.8 million, or 18 cents a share, for the comparable 1994 period. Sales rose 38% to $43 million from $31.2 million.

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