July 11, 2001 |
Sunglasses maker Oakley Inc. said it remains comfortable with its previous forecasts of strong earnings gains for the second quarter and full year as demand for sunglasses remains high and new product launches are on schedule. The Foothill Ranch company reiterated its earnings estimate of 33 cents a share for the second quarter, up 22% from the same period last year. Estimates for full-year earnings per share remain at 98 cents a share, an increase of 34% from 2000. Oakley's stock rose $1.
November 15, 1996
Oakley Inc. said the District Court of Paris ruled in its favor in design patent and trademark infringement cases against Bausch & Lomb Inc. Oakley said the court ruled the "Northside" model sold under Bausch & Lomb's Killer Loop brand infringes the registered design protecting Oakley's "Eye Jacket" model. Oakley said the court awarded damages to Oakley from both Killer Loop and Bausch & Lomb and ordered the cessation of sale of all Northside products.
December 16, 1998 |
Oakley Inc. said Tuesday that a judge has ruled in its favor on eight pretrial motions related to the Foothill Ranch company's patent infringement lawsuit against Nike Inc. The federal court's rulings strengthen Oakley's legal positions and will limit Nike's defense at the trial, which is scheduled to begin in June, Oakley said.
June 7, 1997 |
Oakley Inc. has acquired One Xcel Inc., a Massachusetts company that markets optically correct protective face shields used on sports helmets, the companies said Friday. Terms of the acquisition were not released. In a news release, Oakley said it will consolidate One Xcel's business in its new plant in Foothill Ranch. Oakley will continue to market the polycarbonate shields under the One Xcel name.
March 20, 1998 |
It didn't show up in the sports pages, but if Oakley Inc. were a country, the Foothill Ranch sunglasses maker would have been the runaway winner of the recent Winter Olympics. Athletes wearing the company's high-tech glasses and helmet shields won 32 medals in 16 events at the recently concluded games in Nagano, Japan. The speedskating events in particular looked like one long Oakley commercial.
April 28, 1998 |
Oakley Inc. Chairman and President Jim Jannard decided to forgo compensation in 1997, a year in which the sunglasses supplier saw its profit sag. Company spokeswoman Renee Law said that Jannard decided in mid-1996 to waive all future salary and link his compensation entirely to the Foothill Ranch-based company's returns. Jannard is Oakley's largest stockholder with 38 million shares, or 53.8% of the total. That stake was worth $461 million as of Monday's closing price of $12.
September 26, 2001 |
Oakley Inc., seeking new outlets for its sunglasses and footwear, said Tuesday that Venator Group Inc.'s Foot Locker will expand the selection of Oakley products sold in its stores. The company's sunglasses will be sold at 350 Foot Locker locations by early November, Oakley said. The retailer will carry Oakley footwear in 316 of its approximately 1,500 stores, up from 112 now. Financial terms weren't disclosed.
July 19, 1996
Oakley Inc., the manufacturer of upscale, sporty sunglasses and goggles, posted solid gains in profit and sales in the second quarter. Net income surged 32% to $15.7 million, or 44 cents a share, from $11.9 million, or 37 cents a share, a year ago, the company said Thursday. Sales advanced 37% to $62.8 million from $45.7 million. For the six months, net income showed a 32% gain to $26.7 million, or 74 cents a share, from $20.2 million, or 62 cents a share, for the six-month period last year.
October 23, 2003 |
Oakley Inc.'s third-quarter net income rose about 10% on strong showings from company-owned retail stores. The eyewear maker, based in Foothill Ranch in Orange County, reported Wednesday that net income for the latest quarter was $13.5 million, or 20 cents a share, compared with $12.3 million, or 18 cents, a year earlier. Despite its increased net income, Oakley failed to meet a Thomson First Call earnings estimate of 21 cents a share. Net sales rose just shy of 10% to about $145 million.