October 11, 2005 |
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.
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.
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.
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.
November 27, 2003 |
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.
April 24, 2003 |
K2 Inc., which makes skis, snowboards, inline skates and Rawlings baseball equipment, said first-quarter profit fell to $138,000, or 1 cent a share, from $3.8 million, or $2.01, a year earlier. The results included a charge of $4.4 million, or 24 cents a share, tied to the early repayment of debt. Sales grew 6.5% to $157.1 million. The Carlsbad-based sporting goods maker said operating profit in the January-March period rose 3.5%, to $8.8 million. K2 shares rose 8 cents to $8.77 on the NYSE.