Earnings/Financial Reports

Posted May 10, 2010

WESTPORT, CT (BRAIN)—First quarter revenue soared almost 63 percent for Fox Racing Shox due in part to strong sales of mountain biking product, according to earnings figures reported Monday by the company’s parent, Compass Diversified Holdings.

Posted May 6, 2010

MONTREAL, Quebec (BRAIN)—Revenue and profit grew in Dorel Industries’ bike division during the first quarter of the year as early spring weather and rebounding consumer confidence drove sales at independent bike shops and mass merchants, according to first quarter earnings results released by the company on Thursday

Posted April 29, 2010

WASHINGTON, D.C. (BRAIN)—Imports across all categories were up 12 percent through February, with strong gains in kids' bikes offsetting losses in adult bike categories, according to the most recent Department of Commerce import report.

Posted April 29, 2010

MILAN, Italy (BRAIN)—Oakley continued its strong upward curve in the first quarter of 2010 with double-digit growth in the high teens, Andrea Guerra, chief executive officer of Luxottica Group, Oakley’s Italian parent company, said on Thursday.

Posted April 29, 2010

HELSINKI, Finland (BRAIN)—Mavic showed signs of a rebound in the first three months of 2010, posting sales gains of 8 percent for the period, according to first-quarter earnings results released Thursday by Mavic’s parent company, Amer Sports.

Posted April 27, 2010

OSAKA, Japan (BRAIN)—Shimano sales over the first quarter were 11 percent higher than the same period last year, and better than the company forecasted.

Posted April 13, 2010

TAIPEI, Taiwan (BRAIN)—March sales revenue for Taiwan’s two leading manufacturers soared in the double digits, while Ideal’s revenue fell for the second straight month, according to first quarter sales numbers released this week on the Taiwan Stock Exchange.

Posted April 11, 2010

WATERTOWN, MA (BRAIN)—Seven Cycles sales grew 10 percent over the first quarter compared with last year. The growth exceeded Seven's projections and in order to respond, the company is hiring across the board to keep up.

Posted April 6, 2010

WASHINGTON, D.C. (BRAIN)—Shipments of kids' bikes to Australia helped push U.S. bike exporters' January business 16 percent over last year. Exports of kids' bikes increased 1,336 units, a 71 percent jump, while adult exports dropped 421 units.

Posted March 24, 2010

WASHINGTON, D.C. (BRAIN)—Importers brought in 139,794 fewer units this January compared with the year before—a 13 percent drop in business, the lowest January for importers since 2002.

Posted March 14, 2010

TORONTO, Ontario (BRAIN)—The Bicycle Trade Association of Canada (BTAC) reports its supplier members picked up $21 million* in sales last year as shipments to dealers fell 8 percent but sales grew 14 percent to $171 million.

Posted March 10, 2010

BETHEL, CT (BRAIN)—Topolino Technology expects first quarter sales to more than double last year's results.

Posted March 10, 2010

MONTREAL, Quebec (BRAIN)—Dorel Industries’ bike business grew by 11.3 percent in the fourth quarter of 2009, propelling the segment to a year-end sales increase of almost 4 percent.

Revenue increased to $175.6 million in the fourth quarter of 2009 compared with $157.8 for the same period in 2008.

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