Apparel and action sports equipment manufacturer K2 Inc. announced third-quarter earnings Oct. 25.
For the quarter ended Sept. 30, K2 reported net income of $23 million, or 43 cents per diluted share, on net sales of $356.9 million. For the same period last year, net income was $18.1 million, or 34 cents per diluted share, on revenues of $340.4 million.
K2 Chief Executive Officer Richard Heckmann credited the growth in the past year to a record winter business for the company. In particular, he pointed out strong sales in the K2 brand and Volkl ski and snowboard products and Marmot winter apparel.
Carlsbad-based K2 is traded on the New York Stock Exchange as KTO, and closed at $13.15 on Oct. 25, up 14 cents from the previous day.
, Andy Killion
