Surf clothing cataloger Quiksilver Inc announced operating results for the fourth quarter and full year ended October 31, 2005. Consolidated net revenues for the fourth quarter of fiscal 2005 increased 82 percent to $637.4 million from $350.3 million in the fourth quarter of fiscal 2004.
Consolidated net income for the fourth quarter of fiscal 2005 increased 35 percent to $33.6 million from $24.9 million the year before.
Fourth quarter fully diluted earnings per share was $0.27 versus $0.20 for the fourth quarter of fiscal 2004, both amounts as adjusted for the two-for-one stock split that took effect in May 2005.
Consolidated net revenues for the full year of fiscal 2005 increased 41 percent to $1.78 billion from $1.27 billion in fiscal 2004. Net income for fiscal 2005 increased 32 percent to $107.1 million from $81.4 million in fiscal 2004, and diluted net income per share for fiscal 2005 increased 26 percent to $0.86 from $0.68 in fiscal 2004.
Net revenues from the company's newly acquired Rossignol and Cleveland Golf businesses totaled $214.5 million during the fourth quarter of fiscal 2005 since the effective date of the acquisition on July 31, 2005.
Net revenues in the Americas increased 84 percent during the fourth quarter of fiscal 2005 to $288.9 million from $157.2 million in the fourth quarter of fiscal 2004. As measured in U.S. dollars and reported in the financial statements, European net revenues increased 101 percent during the fourth quarter of fiscal 2005 to $269.9 million from $134.4 million in the fourth quarter of fiscal 2004.
marketing@alchempro.com
