Home breadcru News breadcru Company breadcru LaCrosse Footwear reports Q3 results

LaCrosse Footwear reports Q3 results

31 Oct '06
3 min read

LaCrosse Footwear Inc, a leading provider of branded work and outdoor footwear, reported results for the third quarter ended September 30, 2006.

For the third quarter of 2006, LaCrosse reported consolidated net sales of $32.8 million, up 6 percent from $31.0 million in the third quarter of 2005.

For the first three quarters of 2006, consolidated net sales were $76.1 million, up 9 percent from $69.6 million in the same period of 2005.

Net income was $2.5 million or $0.41 per diluted share in the third quarter of 2006, up 3 percent from $2.5 million or $0.40 per diluted share in the third quarter of 2005.

For the first three quarters of 2006, net income was $4.1 million or $0.66 income per diluted share, up 29 percent from $3.2 million or $0.52 per diluted share in the same period of 2005.

The results in 2006 include stock-based compensation expense of $0.1 million or $0.01 per diluted share (net of tax) for the third quarter, and $0.3 million or $0.05 per diluted share (net of tax) for first three quarters.

Sales to the work market were $12.5 million for the third quarter, up 4 percent from $12.1 million for the same period in 2005. The growth in work sales reflects continued penetration into the general work markets.

Sales to the outdoor market were $20.3 million for the third quarter of 2006, up 7 percent from $18.9 million for the same period in 2005.

Growth in the outdoor market primarily reflectsthe success of innovative products introduced in recent years and continued penetration into the hunting and hiking boot markets.

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