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Earnings/Financial Reports

Posted May 18, 2011
MONTREAL (BRAIN)—Dorel Industries reported a 10 percent increase in its bicycle business for the first quarter of the year, driven by strong sales of Cannondale and GT in Europe and Australia, according to an earnings report released yesterday by the company.

Posted in North America Tagged Earnings/Financial Reports
Posted May 18, 2011
MONTREAL (BRAIN)—Dorel Industries reported a 10 percent increase in its bicycle business for the first quarter of the year, driven by strong sales of Cannondale and GT in Europe and Australia, according to an earnings report released today by the company.

Posted in North America Tagged Earnings/Financial Reports
Posted May 12, 2011
CHICAGO (BRAIN)—SRAM’s pending IPO could benefit from the current positive state of the capital markets, according to financial analysts.

Posted in North America Tagged Earnings/Financial Reports
Posted May 12, 2011
Chicago, Ill (BRAIN)—SRAM International Corporation could raise up to $300 million in an initial public offering, according to a preliminary prospectus filed today with the Securities and Exchange.

Posted in North America Tagged Earnings/Financial Reports
Posted May 11, 2011
MELBOURNE, Australia (BRAIN)—Australia import figures for the month of March show a continued slow trend in children’s bikes, while adult bikes remained steady, according to data released by the nonprofit Cycling Promotion Fund.

Posted in North America Tagged Earnings/Financial Reports
Posted May 9, 2011
WATSONVILLE, CA (BRAIN)—Sales at Fox Racing Shox hit $42.9 million through March 2011, an increase of 31 percent over last year’s sales of $32.7 million, and exceeding the company’s expectations, according to Compass Diversified Holdings first quarter report.

Posted in North America Tagged Earnings/Financial Reports
Posted May 5, 2011
VAN NUYS, CA (BRAIN)—A strong start to the bike season led Easton-Bell Sports to sales growth of 5 percent in the first quarter of the year.

Posted in North America Tagged Earnings/Financial Reports
Posted May 4, 2011
By Matt Wiebe

SEATTLE, WA—Recreational Equipment Inc. reported a record year in 2010 with an all-time high operating income due in part to its growing bike business.

Posted in North America Tagged Earnings/Financial Reports
Posted April 28, 2011
MILAN, Italy (BRAIN)—Sales of Oakley eyewear increased 11 percent in the first quarter of the year, helping drive parent company Luxottica to double digit growth in revenue and profitability.

Posted in North America Tagged Earnings/Financial Reports
Posted April 28, 2011
HEERENVEEN, the Netherlands—Accell Group said in a shareholder meeting today that first quarter turnover has increased over last year.

Posted in North America Tagged Earnings/Financial Reports
Posted April 28, 2011
HELSINKI, Finland (BRAIN)—Mavic’s sales grew 8 percent in the first quarter of the year according to earnings released early Thursday by parent company Amer Sports.

Posted in North America Tagged Earnings/Financial Reports
Posted April 26, 2011
TAIPEI, Taiwan (BRAIN)—First quarter earnings were a mixed bag for Taiwan’s top manufacturers, according to figures released on the Taiwan Stock Exchange.

Posted in North America Tagged Earnings/Financial Reports
Posted April 26, 2011
OSAKA, Japan (BRAIN)—Shimano posted a 2.2 percent increase in sales in its bike division during the first quarter compared to the same period last year.
Posted in North America Tagged Earnings/Financial Reports
Posted April 22, 2011
MELBOURNE, Australia (BRAIN)—Bicycle imports for the month of February fell in Australia, according to statistics released by the nonprofit Bicycle Industries Australia group.

Posted in North America Tagged Earnings/Financial Reports
Posted March 25, 2011
WASHINGTON, D.C. (BRAIN)—Imports of mountain bikes in January were 51 percent higher than last year, and road bike imports are up 66 percent, according to Department of Commerce reports. Overall suppliers brought in 980,352 bikes, or 37,760 more than a year ago.

Posted in North America Tagged Earnings/Financial Reports
Posted March 10, 2011
WESTPORT, CT (BRAIN)—Fox Racing Shox reported a 40 percent revenue increase in 2010 as the rebounding economy spurred higher OEM sales in the mountain biking category, the company’s parent company, Compass Diversified Holdings, said on Thursday.

Posted in North America Tagged Earnings/Financial Reports
Posted March 10, 2011
MONTREAL (BRAIN)—Sales in Dorel Industries’ bike division rose 13.7 percent in 2010 boosted by the successful relaunch of the Schwinn brand, as well as double-digit growth in the IBD channel in the U.S. and Europe, according to a year-end earnings report released by the company on Thursday.

Posted in North America Tagged Earnings/Financial Reports
Posted February 24, 2011
VAN NUYS, CA (BRAIN)—Strong sales of Easton cycling components and wheels drove a sales increase of 6.4 percent in Easton Bell Sports’ action sports segment during the final quarter of 2010, according to the company’s year-end financial results released on Thursday.

Posted in North America Tagged Earnings/Financial Reports
Posted February 22, 2011
WASHINGTON, D.C. (BRAIN)—Suppliers imported 19.77 million bikes into the United States last year, worth more than $1.43 billion, a historical record value for imports. The only year with more imports was 2000, when suppliers brought in 20.28 million bikes, but their value in unadjusted dollars was $1.12 billion.
Posted in North America Tagged Earnings/Financial Reports
Posted February 11, 2011
MELBOURNE, Australia (BRAIN)—Imports of bicycles into Australia grew 12 percent in 2010 due to strong growth in the summer months, according to bicycle sales statistics released by Australian nonprofit Cycling Promotion Fund.

Posted in North America Tagged Earnings/Financial Reports

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