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- Management Provides Positive Outlook for 2014 With Sales Expected to Range Between $235 Million and $240 Million, Increasing 16% to 18% -
- Hosts Investor Call Today at 5:00 p.m. ET -
SALT LAKE CITY, Feb. 11, 2014 (GLOBE NEWSWIRE) -- Black Diamond, Inc. (Nasdaq:BDE) (the "Company" or "Black Diamond"), a global leading supplier of innovative, high performance, active outdoor and action sports equipment and apparel, reported preliminary results for the fourth quarter and full year ended December 31, 2013. The Company has also provided its outlook for 2014.
Based on preliminary unaudited information, Black Diamond expects to report record fourth quarter 2013 sales of approximately $60.4 million, up 24% from $48.8 million in the year-ago quarter. The increase was attributed to strong growth across all Black Diamond brands.
"2013 was a year of significant strategic accomplishments, including the launch of Black Diamond apparel, the establishment of our own distribution business in Japan, as well as the integration of POC and PIEPS," said Peter Metcalf, president and CEO of Black Diamond. "Our 24% sales growth in the fourth quarter was broad-based, as we experienced healthy double-digit growth across all of our brands, categories and major geographies. We attribute this growth to our ability to introduce innovative new products, with these efforts resulting in market share gains in the highly competitive active outdoor industry."
For the year ended December 31, 2013, Black Diamond expects to report sales of approximately $203.0 million, up 15% from $175.9 million in 2012.
Metcalf continued: "We achieved record fourth quarter, second half and full year sales in 2013 and believe Black Diamond is very well positioned to continue our multi-year track record of double-digit organic sales growth. We believe we exited 2013 with our healthiest inventory levels in several years and our early spring 2014 bookings are strong. Our lineup of new products for 2014 is robust, highlighted by the spring launch of POC's road bike collection, continued expansion of apparel and our new Jetforce avalanche technology, which we plan to make available this fall across each of the Black Diamond, POC and PIEPS brands."