Net income more than doubled to $3,764,000 in the second quarter from $1,840,000 last year, as revenues jumped 57% to $114,933,000 from $73,309,000, including 22% organic sales growth and an additional $22.8 million from Rhino-Rack and $4.3 million from Maxtrax. Adjusted EBITDA was $17,607,000 against $11,689,000 prior. Gross margin narrowed 20 basis points to 38.0%, with channel and product mix gains more than offset by freight costs and ForEx. SG&A was up 71% in dollars due to the added $9.8 million in expenses from acquired businesses, deleveraging 260 b.p. as a ... Log in to view full article.