K•Swiss Inc announced results for the fourth quarter and year ended December 31, 2006.
Financial Highlights: Net earnings for the fourth quarter of 2006 were $10,670,000, or $0.30 per diluted share, compared with $11,557,000, or $0.33 per diluted share, in the prior-year period.
Net earnings and net earnings per diluted share for the year ended December 31, 2006, increased 2.1% and 2.8%, respectively, to $76,864,000, or $2.17 per diluted share, compared with $75,248,000, or $2.11 per diluted share, for the year ended December 31, 2005.
For the fourth quarter of 2006, total worldwide revenues increased 1.7% to $93,833,000, compared with $92,289,000 in the prior-year period. Domestic revenues decreased 18.4% to $52,492,000 in the fourth quarter, and international revenues increased 47.8% to $41,341,000.
Total worldwide revenues for 2006 decreased 1.5% to $501,148,000 compared with $508,574,000 in 2005. Domestic revenues decreased 16.2% to $318,687,000 in 2006, while international revenues increased 42.4% to $182,461,000.
Futures Orders: Worldwide futures orders with start ship dates from January through June 2007 decreased 22.5% to $168,872,000 at December 31, 2006, compared with $217,895,000 at December 31, 2005. Domestic futures orders decreased 43.5% to $83,954,000 at December 31, 2006, from $148,698,000 the previous year. International futures orders increased 22.7% to $84,918,000 at December 31, 2006, from $69,197,000 the previous year.
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