October 25, 1997 |
Ski equipment giant K2 Inc., hoping to capture more business from sporting enthusiasts, has acquired Katin USA Inc., a well-known Costa Mesa surf wear company with roots dating back to the early days of the Southern California surf scene. Katin was sold this week to Los Angeles-based K2 by Bill Sharp and Rick Lohr for an undisclosed amount. The pair will remain with Katin as president and vice president, respectively.
January 3, 1995 |
"Aaahhhhh, I'm a mass of atoms," screams extreme skier Glen Plake, star of K2's latest television spot. As Plake hurls into the air, his 17-inch Mohawk slices through flying snow, and an atom bomb produces a mushroom cloud. Back at the K2 factory, located on Vashon Island in Puget Sound, K2 Vice President Jim Bennett studies a series of charts that plot the dramatic improvements in efficiency and product quality the company has achieved in recent years.
June 17, 2004 |
U.S. ski maker K2 Inc. agreed to buy three sporting-goods companies for $208 million to increase apparel and equipment sales in Europe. K2 will buy ski-equipment manufacturers Volkl Sports Holding and Marker Group for $124 million, and Marmot Mountain Ltd., which makes ski apparel, for $84 million. K2 said the acquisitions would be completed next month and would add to 2004 earnings. Shares rose 90 cents, or 5.9%, to $16.10 on the NYSE.
March 2, 2005
* Sporting goods company K2 Inc. of Carlsbad, Calif., said its quarterly earnings quadrupled. Its net income for the fourth quarter rose to $8.8 million, or 18 cents a share, from $2.2 million, or 7 cents, a year earlier. Sales increased 75% to $338.9 million, the company said.
October 20, 2005
* VeriSign Inc., the main manager of the Internet address database, said third-quarter profit increased 10% after it won more security and website registration sales. The Mountain View, Calif., company reported net income of $44.6 million, or 17 cents a share, compared with $40.4 million, or 16 cents, a year earlier. Revenue rose 27% to $414.8 million. * K2 Inc., maker of Rawlings-brand and other sporting goods, said third-quarter net income rose 26.5% to $16.7 million as sales rose 2.
July 22, 2004
* K2 Inc., a Carlsbad, Calif., sports equipment maker, said second-quarter profit rose 7%, to $6.1 million, or 16 cents a share. Sales rose 26% to $251 million, thanks to higher sales of skis, snowboards, fishing tackle and several acquisitions.