December 12, 2002 |
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.
July 12, 2001 |
Sporting goods manufacturer K2 Inc., hoping to beef up its sales and production in Asia, said Wednesday that it had found just the man to help: former Vice President Dan Quayle, who will join the company's board of directors. "We chose Dan Quayle for his China connections, his knowledge of the Asian landscape and his political savvy," said John J. Rangel, the company's senior vice president for finance. "He's also a very nice man."
February 26, 2001 |
Los Angeles-based sporting goods company K2 Inc. on Sunday said it expected to post 2001 earnings in the range of $1.05 to $1.15 per diluted share as a slowing U.S. economy was likely to hurt sales this year. K2 was expected to earn $1.21 a share, according to the sole analyst polled by research firm First Call/Thompson Financial.
October 14, 2000 |
Los Angeles-based K2 Inc. already owns a nice slice of the youth sporting goods market--making in-line skates, skis and snowboards. Now the company wants to broaden its appeal among the field-and-stream set. K2 said Friday it intends to give Brunswick Corp. $200 million in cash and securities in exchange for Zebco fishing tackle, MotorGuide trolling engines, Hoppe's hunting accessories and Igloo cooler products.
November 19, 1999 |
K2 Inc. said it will move half of its ski and snowboard manufacturing from Seattle to Southern California and China and will have suppliers make its bike products to cut costs. The Los Angeles-based sporting goods company will make only high-end skis in Seattle after the move of production to plants it owns in Corona and China by year-end. The Corona plant, which K2 acquired with its recent purchase of Ride Inc., will house manufacturing of mid- to high-end snowboards.
December 30, 1998 |
Bill Sharp, who helped transform Katin Inc. surf wear from a storefront operation into a multimillion-dollar business, said Tuesday that he has resigned as president of the Costa Mesa-based company, a title he has held since 1990. He declined to say why he left Katin, which was purchased last year by Los Angeles-based ski and snowboard maker K2 Inc. "I am going to be pursuing other opportunities," he said.
October 14, 1998 |
K2 Inc. shares fell 30% after the sporting goods company warned of lower-than-expected third-quarter earnings because of poor sales of its expensive bicycles. Shares of the maker of skis, snowboards, in-line skates and other sporting goods fell $4.31 to close at $9.88 on the New York Stock Exchange. Earlier, shares touched $7.75, a 52-week low. K2 said poor sales of its high-end, full-suspension bicycles led it to cut prices, eroding margins.
CALIFORNIA | LOCAL
April 1, 1998 |
A Carlsbad man won $50,000 Tuesday for riding a wave nearly 50 feet high in a contest sponsored by K2, a Costa Mesa sports equipment maker. Taylor Knox, 26, caught the winning wave in February off the Mexican coast. Despite being a former U.S. Tour champion and the 19th ranked surfer on the world pro tour, Knox said that riding the biggest wave of the winter came down to a simple thing: holding on.