Net income climbed 19% to $37,734,000 from $31,796,000 on sales up 31% to $342,329,000 from $262,391,000, boosted by a 47% jump in Specialty Sports Group (bike) sales on continued strong demand in the OEM channel. Power Vehicles Group posted 19% growth, driven by the upfitting product lines. Gross margin contracted 50 b.p. to 31.3% on higher raw materials prices and higher freight costs while SG&A rose 44% in dollars, expanding 130 b.p. to ... Log in to view full article.