LaCrosse Footwear Inc reported results for the fourth quarter and year ended December 31, 2006.
For the fourth quarter of 2006, LaCrosse reported consolidated net sales of $31.7 million, up 7% from $29.8 million in the fourth quarter of 2005.
As a result of the Company's quarterly reporting calendar, the fourth quarter of 2006 included five fewer business days compared to the same period of 2005 or 8% fewer days. For the full year 2006, consolidated net sales were $107.8 million, up 8% from $99.4 million in 2005.
Net income was $2.2 million or $0.36 per diluted share in the fourth quarter of 2006, up 9% from $2.0 million or $0.33 per diluted share in the fourth quarter of 2005.
For the full year 2006, net income was $6.3 million or $1.02 income per diluted share, up 21% from $5.2 million or $0.85 per diluted share in 2005.
The results in 2006 include stock-based compensation expense of $0.1 million or $0.01 per diluted share for the fourth quarter, and $0.5 million or $0.05 per diluted share for the full year 2006.
Sales to the work market were $16.0 million for the fourth quarter and $54.7 million for the full year of 2006, up 3% from $15.5 million and up 8% from $50.4 million, respectively, for the same periods of 2005.
The growth in work sales reflects continued penetration into uniform markets, including the fire boot segment. Sales to the outdoor market were $15.7 million for the fourth quarter and $53.1million for the full year of 2005, up 10% from $14.2 million and up 9% from $48.9 million, respectively, for the same periods of 2005.
Growth in the outdoor market primarily reflects the success of innovative products introduced in recent years and continued penetration into the hunting and rugged outdoor boot markets.
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LaCrosse Footwear Inc, USA
marketing@alchempro.com
