Management will provide complete fourth quarter and full year 2012 results in a press release and conference call, which will be announced at a later date.
Black Diamond expects fiscal year 2013 sales to range between $216 million to $221 million, which would represent an increase of approximately 23% to 26% from the expected 2012 sales. The Company also expects gross margin in fiscal year 2013 to range between 40.0% and 41.0%.
Black Diamond will hold a conference call today at 5:00 p.m. Eastern time to discuss its preliminary 2012 results and 2013 outlook.
The Company's President and CEO Peter Metcalf and CFO Robert Peay will host the conference call, followed by a question and answer period.
| Date: Thursday, February 14, 2013
| Time: 5:00 p.m. Eastern time (3:00 p.m. Mountain time)
| Dial-In Number: 1-877-941-4774
| International: 1-480-629-9760
| Conference ID#: 4592158
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios Group at 1-949-574-3860.
The conference call will be broadcast live and available for replay at
and via the investor relations section at
A replay of the conference call will be available after 8:00 p.m. Eastern time on the same day through February 28, 2013.
About Black Diamond, Inc.
| Toll-free replay number: 1-877-870-5176
| International replay number: 1-858-384-5517
| Replay #: 4592158
Black Diamond, Inc. is a global leader in the design, manufacturing and marketing of innovative active outdoor performance products for climbing, mountaineering, backpacking, skiing, cycling and other outdoor recreation activities for a wide range of year-round use. The Company's principal brands, Black Diamond
, Gregory™, POC™ and PIEPS™, are iconic in the active outdoor industry and linked intrinsically with the modern history of these sports. Black Diamond is synonymous with performance, innovation, durability and safety that the outdoor and action sport communities rely on and embrace in their active lifestyle. Headquartered in Salt Lake City at the base of the Wasatch Mountains, the Company's products are created and tested on some of the best alpine peaks, slopes, crags, roads and trails in the world. These close connections to the Black Diamond lifestyle enhance the authenticity of the Company's brands, inspire product innovation and strengthen customer loyalty. The Company's products are sold by leading specialty retailers in the U.S. and 50 countries around the world. For additional information, please visit the Company's websites at
Use of Non-GAAP Measures
The Company reports its financial results in accordance with U.S. generally accepted accounting principles ("GAAP"). This press release contains the non-GAAP measure: adjusted gross margin. The Company also believes that presentation of certain non-GAAP measures, i.e.: adjusted gross margin, provide useful information for the understanding of its ongoing operations and enables investors to focus on period-over-period operating performance, and thereby enhances the user's overall understanding of the Company's current financial performance relative to past performance and provides, to the nearest GAAP measures, a better baseline for modeling future earnings expectations. The Company defines adjusted gross margin to mean gross margin plus the impacts related to the sale of inventory that was recorded at fair value in purchase accounting. The Company cautions that non-GAAP measures should be considered in addition to, but not as a substitute for, the Company's reported GAAP results. Additionally, the Company notes that there can be no assurance that the above referenced non-GAAP financial measure is comparable to similarly titled financial measures used by other publicly traded companies.