March 17, 2023
The bottom line inched up just 1% to RMB 4,063,834,000 ($603.2 mm) last year from RMB 4,010,881,000, despite 14% revenue growth to RMB 25,803,383,000 ($3,830.1 mm) from $22,572,281,000.
The Maine-based outdoor retailer said that revenues registered a “slight decrease” last year, reporting the same $1.8 billion top line as in 2021, following record-breaking 14% growth coming out of the pandemic.
WWW is elevating Tom Long, its current lead independent director, to succeed Blake Krueger as chairman effective May 4, in a planned leadership transition.
The ratings agency upgraded HBI’s speculative grade liquidity rating to SGL-2 from SGL-3, after the company refinanced $1.4 billion of bonds due in 2024 with a $900 million term loan due in 2030 and $600 million in new notes due in 2031.
Newington, NH-based SIG has acquired the manufacturer of lightweight remote weapon stations and tactical robots, for undisclosed terms.
CA-based Brooks Industrial Marketplace acquired the 52-year-old strength equipment manufacturer, adding a 116,000-sq.-ft. production facility, numerous patents, and retail and commercial strength products.
The maker of roller-locked firearms has named “smart gun” pioneer and veteran industry executive, Jonathan Mossberg as its new CEO.