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BUSINESS
October 26, 2006 | From the Associated Press
K2 Inc., the Carlsbad, Calif.-based sporting goods maker, said third-quarter profit rose 29%, helped by record sales of winter gear including skis, snowboards and performance apparel. Net income rose to $21.5 million, or 40 cents a share, from $16.7 million, or 32 cents. Excluding option costs and amortization, adjusted profit rose to $23 million, or 43 cents a share, from $18.1 million, or 34 cents. Sales rose 4.9% to $356.9 million.
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BUSINESS
December 26, 1988 | LINDA WILLIAMS, Times Staff Writer
With the skiing business starting to level off in the United States, the nation's largest maker of alpine--or downhill--skis is looking to Europe for growth in the 1990s. The ski maker is Anthony Industries, based in Southern California and most often associated with summertime recreation because of its Anthony Pools unit. But among its nine businesses, Anthony owns K2 Corp., a Seattle-based ski equipment and clothing maker. "Europe is the world's largest ski market," says Bernard I.
BUSINESS
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.
BUSINESS
October 25, 1997 | PATRICE APODACA, TIMES STAFF WRITER
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.
BUSINESS
January 3, 1995 | LESLIE HELM, TIMES STAFF WRITER
"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.
BUSINESS
June 17, 2004 | From Bloomberg News
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.
BUSINESS
July 27, 1999 | RYAN CORMIER, TIMES STAFF WRITER
K2 Inc.'s plan to purchase snowboard maker Ride Inc. for $14.3 million would help solidify the Los Angeles-based company as a leading manufacturer of snowboards, expanding its market share as the sport's popularity continues to grow. The deal for Preston, Wash.-based Ride, which includes $5 million in long-term debt, follows K2's acquisition in March of Morrow Snowboards Inc. for an undisclosed amount.
BUSINESS
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.
BUSINESS
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.
BUSINESS
October 11, 2005 | From Bloomberg News
K2 Inc., maker of Rawlings-brand and other sporting goods, cut its 2005 forecast by as much as 19% because of reduced demand for paintball products. Net income will be 66 cents to 68 cents a share, down from as much as 81 cents in the company's prior forecast, Carlsbad, Calif.-based K2 said.
BUSINESS
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.
BUSINESS
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.
BUSINESS
June 17, 2004 | From Bloomberg News
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.
BUSINESS
November 27, 2003 | From Bloomberg News
K2 Inc., the maker of Rawlings sporting goods and Shakespeare fishing equipment, agreed to buy Fotoball USA Inc. for $17.2 million in stock, to add sports souvenirs such as bobble-head dolls, balls and bats. The transaction values each Fotoball share at $4.37, or 9.8% more than Tuesday's closing price of $3.98. K2 also will acquire $704,000 in Fotoball debt, bringing the total purchase price to $17.9 million, Fotoball Chief Financial Officer Thomas Hillebrandt said.
BUSINESS
October 21, 2003 | From Bloomberg News
Sporting goods maker K2 Inc. said Monday that it bought closely held WinterQuest for an undisclosed amount of cash, K2 common stock and debt. The transaction was the Carlsbad, Calif.-based company's fifth acquisition this year. WinterQuest, which produces snowshoes under the Tubbs and Atlas brands, had sales of $18.6 million in the fiscal year ended March 31, K2 said. K2 has bought several sporting-goods companies this year as part of its plan to expand and diversify its product lines.
BUSINESS
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.
BUSINESS
August 1, 2003 | Elizabeth Kelly, Times Staff Writer
Sporting goods manufacturer K2 Inc. said Thursday that it intends to buy privately held ball and bat maker Worth Inc., a deal that would make the Carlsbad, Calif.-based company one of the top U.S. producers of baseball and softball equipment. In March, K2 added Rawlings Sporting Goods to its roster of brands, which include Shakespeare fishing rods, Olin skis, Ride snowboards and Stearns water sports gear. On the New York Stock Exchange, K2 shares rose 61 cents to $16.50, a 52-week high.
BUSINESS
June 3, 2003 | Thomas S. Mulligan, Times Staff Writer
When Carlsbad-based K2 Inc. bought Rawlings Sporting Goods Co. in March, along with the famous line of baseball equipment came something that K2 would rather not talk about: a company-paid analyst to write about Rawlings' stock. Despite an internationally known brand name and 116 years in business, Rawlings had become what some call a Wall Street orphan, ignored by analysts at the big securities firms. So last year it signed a one-year $25,000 contract with private research firm J.M.
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