Net income in the first quarter soared to $21,884,000 from $1,598,000 a year ago, but that included a $40.6 million gain from the since-divested ammo business, and CLAR posted a net loss from continuing operations of $6,462,000 against a loss of $2,031,000. Revenues from the remaining businesses slipped 1% to $69,311,000 from $70,278,000. The outdoor segment that includes Black Diamond contracted 11% to $47.0 million, with growth in North American wholesale offset by weakness in European and independent global distributor markets. Adventure segment sales increased 27% to $22.3 million helped by ... Log in to view full article.