LaCrosse Footwear Q2 results powered by outdoor & workplace shoes
31 Jul '07
3 min read
LaCrosse Footwear Inc, a leading provider of branded work and outdoor footwear reported results for the second quarter ended June 30, 2007.
For the second quarter of 2007, LaCrosse reported consolidated net sales of $24.9 million, up 14% from $21.8 million in the second quarter of 2006. For the first half of 2007, consolidated net sales were $48.6 million, up 12% from $43.2 million in the same period of 2006.
Operating income was $1.4 million in the second quarter of 2007, up 44% from $1.0 million in the second quarter of 2006. For the first half of 2007, operating income was $2.3 million, up 45% from $1.6 million in the same period of 2006.
Net income was $1.0 million or $0.15 per diluted share in the second quarter of 2007, compared to $1.2 million or $0.19 per diluted share in the second quarter of 2006, which included an income tax benefit for research and development of approximately $0.5 million or $0.08 per diluted share. For the first half of 2007, net income was $1.6 million or $0.25 income per diluted share, comparable to the same period in 2006.
Sales to the work market were $13.2 million for the second quarter of 2007, up 6% from $12.5 million for the same period of 2006. Year-over-year growth in work sales reflects continued penetration into a variety of general and specialized work boot markets.
Sales to the outdoor market were $11.8 million for the second quarter of 2007, up 26% from $9.4 million for the same periodof 2006. Year-over-year growth in the outdoor market primarily reflects increased penetration into the hunting and rugged outdoor boot markets.
marketing@alchempro.com
