March 09, 2020 Industry Stocks Tank as Stock Markets Plunge
Fears of the worsening coronavirus epidemic compounded by a 25% drop in oil prices pushed the Dow average down 2,000 points and industry stocks were not spared in the carnage. Clarus Sees Revenues Grow Despite Weak Bullet Sales
Net income more than tripled to $12,387,000 from $3,548,000 in the final quarter, helped by a big tax benefit this year, on revenues that were up 6% to $61,022,000 from $57,307,000. Vail Resorts Improves in Q2, but Coronavirus Effects Have Begun
Retail/rental revenue increased 4% to $133,713,000 from $128,436,000 in MTN’s fiscal second quarter ended Jan. 31, including about $12.6 million of incremental revenues from Peak Resorts, but with lower sales at its San Francisco Bay Area stores. Compass Diversified Buys Marucci Sports
Compass will pay $200 million for the Baton Rouge, LA-based baseball and softball equipment company, representing about 13.8x 2019 adjusted EBITDA of $14 - $15 million. Kinsey’s Acquires Alpine Archery
The outdoor retailer and wholesaler added the 30-year-old archery brand to its consumer brands division alongside BlackHeart, Elevation, Fin-Finder, and October Mountain. Court Allows New Firearms Export Rules
A Seattle federal court judge ruled against states attorneys general who had sued to block the new guidelines that put the Commerce Department in charge of commercial firearms exports. Etcetera: Fleet Feet, Adidas, Life Fitness, Precor
|