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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
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
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
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
April 24, 2003 | From a Times Staff Writer
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.
BUSINESS
February 19, 2003 | Jerry Hirsch, Times Staff Writer
Sporting goods manufacturer K2 Inc. scored a profit in the fourth quarter, rebounding from a loss a year earlier and dramatically slashing its debt load. The Los Angeles maker of K2 skis, Morrow snowboards and Shakespeare fishing gear said Tuesday that it earned $521,000, or 3 cents a share, in the quarter ended Dec. 31. That reverses a loss of $2.5 million, or 14 cents a share, posted in the same period a year earlier. The company is in the process of acquiring the Rawlings Sporting Goods Co.
BUSINESS
December 12, 2002 | Jerry Hirsch, Times Staff Writer
K2 Inc. is making a pitch for Rawlings Sporting Goods Co., one of America's oldest suppliers of baseball gloves and equipment, a move designed to make the Los Angeles-based snowboard and ski manufacturer a company for all seasons. K2, which sells Olin skis, Ride and Morrow snowboards as well as Shakespeare fishing gear, confirmed Wednesday that it has been in talks to take over 115-year-old Rawlings, of Fenton, Mo., since last month. Details of the discussions weren't disclosed.
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