November 13, 1996
Oakley Inc. said Tuesday that it has agreed to acquire Serval Marketing, its exclusive distributor for the United Kingdom and Ireland, and will rename it Oakley U.K. Financial terms were not disclosed. Oakley, which designs, makes and distributes high-performance sunglasses and goggles, said it will retain Carl Ward, Serval's chairman, and Ray Tilbrook, its managing director. Serval has been distributing Oakley products to Britain and Ireland for more than 15 years.
December 12, 2000 |
Oakley Inc.'s board approved the repurchase of up to $20 million in shares from time to time in the open market, the Foothill Ranch sunglasses maker said Monday. The stock moved up $1 a share to $16 on the New York Stock Exchange. The shares have nearly tripled this year, but have retreated from their 52-week high of $22.50 on Nov. 6. Oakley said it has 69.4 million shares outstanding.
January 15, 2005 |
Cellphone maker Motorola Inc. and Oakley Inc. plan to make sunglasses that communicate remotely with electronic devices. Schaumburg, Ill.-based Motorola will install Bluetooth technology, which allows machines to speak to one another without a wire, in Oakley-designed sunglasses, the two companies said. Details of the first models from the joint venture are expected by the middle of this year, the companies said.
July 22, 2004 |
Oakley Inc. said its second-quarter profit fell 12% as demand for the company's sports-themed sunglasses declined. Net income fell to $16 million, or 23 cents a share, from $18.2 million, or 27 cents, a year earlier, the Foothill Ranch-based company said. Sales rose 5.7% to $152 million. Oakley shares fell 47 cents to $10.34 on the NYSE.
March 11, 2006 |
Oakley Inc. said it would restate earnings from 2000 through 2005 to correct how it accounted for foreign currency hedging, trimming profit for this year. There is no cumulative change to net income for the periods affected, Oakley said. The maker of sunglasses forecast that profit for 2006 would drop to 68 cents a share, down from an earlier projection of earnings of 73 cents.
June 20, 2000 |
Oakley Inc., continuing its strategy to establish a global brand, said it has opened an office in Munich to serve German-speaking markets, and that office will take over the distribution of its products in Austria. Until June 1, Austrian distribution was handled by Wulf Sport GmbH. Oakley said Wulf Sport will continue to distribute Oakley products in Eastern European markets. Oakley, based in Foothill Ranch, designs sunglasses, footwear, apparel, watches and other accessories.
August 28, 1996
Oakley Inc. signed a letter of intent that would give it an option to buy Gentex Optics' nonprescription lens production unit in four years. Terms of the proposed option agreement were not disclosed. Oakley, which makes sunglasses and goggles, said the proposed agreement would also give it exclusive rights to buy decentered sunglass lenses and a new scratch-resistant coating from Gentex and its parent company, Essilor International.
December 27, 2000 |
With its shoe and apparel business growing and retailers booking orders earlier, Oakley Inc. is opening a new warehouse in Ontario. The Foothill Ranch-based company said the new 118,000-square-foot shipping facility will help it deal with additional demand for apparel and new shoe styles. Oakley, which built its reputation on its sunglasses business, has expanded its product line in recent years, adding shoes, clothes, accessories and watches.
February 16, 2000 |
Oakley Inc. said Tuesday that its vice chairman, Mike Parnell, will step down from his position to focus on a foundation that backs research and treatment for a rare kidney disorder that affects both of his sons. Parnell, who was chief executive from 1986 to 1997, will continue as a director. He also has agreed to be a consultant for the company for two years, Oakley said. His departure is one of a number of top-tier changes that have occurred at Foothill Ranch-based Oakley in recent years.
June 2, 1998 |
Oakley Inc. Chairman and President Jim Jannard plans to purchase up to an additional 3 million of the company's common stock from time to time in the open market, the Foothill Ranch designer of sunglasses and goggles said Monday. Jannard has purchased about 4 million shares since January 1997, bringing his ownership of Oakley stock to nearly 38.6 million shares, or 54.6% of those outstanding. Oakley's stock was off 25 cents Monday to $12.81 a share in New York Stock Exchange trading.