Easton-Bell Sports is a leading designer, developer and marketer of innovative sports equipment, protective products and related accessories under authentic brands. We offer products that are used in baseball, softball, ice hockey, football, lacrosse and other team sports, and in various action sports, including cycling, snow sports, powersports and skateboarding. Sports enthusiasts at all levels, from recreational participants to professional athletes, choose our products for their innovative designs, advanced materials and protective advantage. Throughout our history, our focus on research and development has enabled us to introduce products that have set new standards for performance in their respective sports. As a result, we are able to maintain or improve our competitive position by consistently entering new product categories, expanding and improving our existing product lines and increasing price points for our premium products.
We sell our products under the following brands — Easton® (baseball, softball and ice hockey equipment, apparel and cycling components), Bell® (cycling and action sports helmets and accessories), Giro® (cycling and snow sports helmets and accessories), Blackburn® (cycling accessories), Riddell® (football and baseball equipment and reconditioning services) and Savasa® (fitness products).
The Company had net sales of $212.5 million for the third quarter of fiscal 2011, an increase of 6.9% as compared to $198.8 million of net sales for the third quarter of fiscal 2010. Net income increased by $1.7 million, or 56.5% during the quarter. The increase in net income resulted from the sales growth and a 60 bps margin improvement, with net income also benefiting from reduced interest and income tax expenses.
For more information visit: Third Quarter 2011 Earnings Release
