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K Swiss Inc

BUSINESS
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.
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BUSINESS
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.
BUSINESS
October 29, 2004 | Julie Tamaki
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.
BUSINESS
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.
BUSINESS
October 28, 2005 | From Times Wire Services
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
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.
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