March 16, 2017
CAL saw $26.2 million in pre-tax restructuring charges pull the net result $6,622,000 into the red from a profit of $11,410,000 last year in the final quarter ended Jan. 28, as revenues increased 5% to $639,488,000 from $608,674,000.
The offering was priced at C$17, north of the C$14-16 offering range, as investors placed a US$1.35 billion valuation on the company.
The outdoor coop had operating income before patronage dividends of $181,392,000, up 3% from $175,475,000 on a 6% improvement in sales to $2,557,543,000 compared to $2,423,221,000.
Net income for the full year declined 33% to $80,529,000 from $119,522,000 on sales that fell 12% to $1,550,864,000 from $1,769,852,000 as major customers became more conservative placing orders.
The legendary climber and founder of the Royal Robbins apparel brand died Mar. 14 at the age of 82 after a long illness.
FeraDyne will add Flushing, MI-based Eastman’s Carbon Express archery, Gorilla Gear tree stand harnesses and Eastman game and cooking equipment brands.
Sporting goods/hobby/book/toy store sales declined 7% in Feb. to $5,867 million from $6,288 million last year in the preliminary figures from the U.S. Dept. of Commerce census.