June 22, 1993
K-Swiss Inc., the athletic shoe maker based in Chatsworth, said it completed a public offering of 1.3 million shares of class A common stock at $24.50 a share. Of the shares sold, 100,000 were sold by the company and 1.2 million by a group of stockholders. K-Swiss raised about $2 million in net proceeds from the shares that it sold, said George Powlick, chief financial officer. He said the company planned to use that money for general working capital purposes.
April 20, 1993
K-Swiss Inc., a Chatsworth marketer of athletic shoes, reported that its earnings jumped 28% in the first quarter because of sales growth in most of its core product lines. The company's $3.45-million profit in the three months that ended March 31 was in contrast with a $2.69-million profit a year earlier. K-Swiss' revenue rose 19% in the quarter, to $43.6 million from $36.7 million in the first three months of 1992.
October 29, 2004 |
K-Swiss Inc. reported a 37% jump in third-quarter profit in part because of strong sales in Europe and Asia. The Westlake Village-based maker of sports footwear earned $20.7 million, or 57 cents a share, compared with $15.1 million, or 40 cents, a year earlier. Analysts had forecast a per-share profit of 35 cents for the third quarter, according to Thomson First Call. Revenue rose 12% to $135.8 million.
January 20, 1998
K-Swiss Inc. has authorized the repurchase of up to $2.8 million worth of its stock as part of a buyback program. The Chatsworth-based sneaker company said the purchases of its Class A common stock would occur between now and December. The company's Class A stock has been trading recently in the $17-per-share range. Currently the company has 3.1 million shares of Class A stock outstanding. Corporations typically launch stock buyback programs as a way to boost the value of their shares.
October 28, 2005 |
K-Swiss Inc., a Westlake Village-based athletic shoe maker, said third-quarter profit rose 2%, but a fourth-quarter forecast that came in below analysts' targets sent its shares falling $2.53, or 8%, to $29.53. K-Swiss said fourth-quarter profit would range from 22 cents to 26 cents a share; analysts were expecting 28 cents. In the third quarter, K-Swiss reported net income of $21.1 million, or 59 cents a share, compared with $20.7 million, or 57 cents, a year earlier.
August 1, 1995
K-Swiss Inc., a Chatsworth-based maker of athletic shoes, reported a sharp drop in profits for the second quarter ending June 30. The company reported that earnings dropped 57% to $1.5 million, compared to $3.5 million during the same period a year earlier. Revenues dropped 18% to $29.7 million, down from $36.3 million recorded in the second quarter of 1994. For the six-month period ending June 30, profits dropped 32% to $5.5 million down from $8.1 million in 1994. Revenues dropped 11% to $72.
July 29, 1997
K-Swiss Inc. posted a second-quarter loss and a 14% decline in its six-month profits. The Chatsworth-based sneaker company posted a loss of $379 million in the second quarter that ended June 30, compared to a $731-million net loss a year earlier. Revenues in the latest quarter rose 9% to $28.42 million, up from $26.02 million last year. For the six-month period, K-Swiss saw its profits slide to $1.2 million, down 14% from $1.4 million a year earlier. Six-month revenues dropped 1% to $59.
June 15, 1993
K-Swiss Inc., a Chatsworth athletic shoe company, said that 1.3 million shares of its Class A common stock are being offered for sale at $24.50 a share. Of the total, 100,000 shares are being sold by the company, and 1.2 million are being sold by a group of stockholders. The underwriters of the offering, Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Inc., have a 30-day option to buy up to an additional 15,000 shares from K-Swiss and 140,000 shares from the stockholder group.
February 18, 1997
K-Swiss Inc., the Chatsworth sneaker company, narrowed its loss in the fourth quarter while its revenues fell 4%. The company posted a net loss of $946,000 in the quarter that ended Dec. 31, compared to a $4.7-million loss in the same period a year earlier. Revenues in the latest quarter were $17.7 million, down from $18.4 million. For the full year, K-Swiss saw its net income tumble 61% to $731,000, down from a $1.9 million profit in 1995. Revenues last year fell 11% to $106.
February 28, 1995
K-Swiss Inc., a Chatsworth-based producer of athletic shoes, reported a modest rise in earnings for the fourth quarter and year that ended Dec. 31. Earnings in the fourth quarter climbed to $1.49 million, up slightly from $1.48 million in the same three-month period a year earlier. Revenue in the quarter totaled $24.4 million, up 3% from $23.8 million in the same quarter of 1993. For the year, K-Swiss posted a $14.9-million profit on revenue of $155 million, compared with earnings of $12.