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K Swiss Inc

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.
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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
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.
BUSINESS
May 5, 1998
K-Swiss Inc. saw its net income more than double in its first quarter on a 36% increase in sales. In the quarter that ended March 31, the Chatsworth-based sneaker company posted net income of $3.6 million, compared to a profit of $1.5 million in the same period a year earlier. Sales in the latest quarter rose to $42.3 million, up from $31.2 million.
BUSINESS
August 13, 1996
K-Swiss Inc. posted a second-quarter loss and a 75% decline in its six-months profits. The Chatsworth-based sneaker company posted a loss of $731,000 in the second quarter that ended June 30, compared to a $1.5-million profit a year earlier. Revenues in the latest quarter fell 12% to $26.1 million, down from $29.7 million last year. For the six-month period, K-Swiss saw its profits slide to $1.4 million, down from a $5.5 million profit a year ago. Six-month revenues dropped 17% to $60.
BUSINESS
May 11, 1993
K-Swiss Inc., a Chatsworth company that designs and markets athletic shoes, said it has filed a registration statement with the Securities and Exchange Commission for a proposed offering of 1 million shares of its Class A common stock. Of the total, 100,000 shares are being offered by the company and 900,000 are being offered by a group of stockholders, K-Swiss said.
BUSINESS
January 5, 1993
K-Swiss Inc., the sneaker maker long based in Pacoima, has moved its headquarters to bigger facilities in Chatsworth. The company also said last week that it restructured its long-term debt by paying off a $10-million note, tapping into a credit line with a much lower interest rate. Prepayment of the note to John Hancock, which was due in 1995 and had an annual interest rate of 13.7%, will enable K-Swiss to save more than $1.6 million in interest expenses, K-Swiss said.
CALIFORNIA | LOCAL
February 16, 1999
K-Swiss Inc. shares rose last week on news that the company's fourth-quarter earnings had more than doubled and the firm plans a 2-for-1 stock split and a 50% dividend increase. Shares of K-Swiss, a maker of athletic shoes, have more than doubled in value in the past year, the company said. K-Swiss said net income for the fourth quarter rose to $3.72 million, or 65 cents a share, from $1.3 million, or 22 cents a share, in the same quarter of 1997.
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