Earnings/Financial Reports

MELBOURNE, Australia (BRAIN)—Imports of children’s bikes continued to slump in Australia in April, dropping to 50,000 during the months of January to April compared with 80,000 for the same time period in 2010, according to statistics released by the nonprofit Bicycle Industries Australia.

CLOPPENBURG, Germany (BRAIN)—Derby Cycle reported a revenue increase of 40 percent during the first half of its financial year doubled sales of electric bikes, according to a financial report released Monday by the German company.

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.

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.

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.

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.