2012 Sales Up 21% to $175.9 Million With Adjusted Gross Margin Up 80 Basis Points to 39.5%
Expects Full Year 2013 Sales to Range Between $216 - $221 Million
SALT LAKE CITY, March 11, 2013 (GLOBE NEWSWIRE) -- Black Diamond, Inc. (Nasdaq:BDE) (the "Company" or "Black Diamond"), a global leading supplier of innovative, high performance, outdoor and action sport equipment as well as aspirational active outdoor lifestyle products, reported financial results for the fourth quarter and full year ended December 31, 2012.2012 Financial Highlights vs. 2011
- Total sales up 21% to $175.9 million;
- Adjusted gross margin increased 80 basis points to 39.5% compared to gross margin of 38.7%;
- Adjusted net income before non-cash items increased to $12.6 million compared to $11.9 million; and
- Adjusted EBITDA increased to $14.7 million compared to $13.6 million.
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