Net income dropped 41% in the fourth quarter to $3,548,000 from $6,019,000 last year than included a $6 million one time tax benefit from the Tax Act as sales gained 9% to $57,307,000 from $52,677,000. Excluding the tax benefits, acquisition expenses and other items, adjusted EBITDA was up 30% to $6,624,000. Sales were in line with CLAR’s pre-announcement in Jan., with 8% growth in Black Diamond and 14% from Sierra. Apparel sales jumped 60%, the mountain segment gained 10% on a redesigned lighting assortment and gloves, but climb was down slightly comping against last year’s footwear launch. Ski was essentially ... Log in to view full article.