Easton Sees Profit After Acquisition

Easton-Bell Sports reported net income rose to $1.3 million on revenues of $174.6 million for the first quarter ended Mar. 31, compared with a net loss of $7.7 million on revenues of $111.2 million for the comparable period a year ago. The Van Nuys-based maker of sports equipment and related accessories attributed its sales increase to the inclusion of a full quarter of Easton’s business. In the 2006 quarter, only 15 days of Easton sales were reported due to the timing of that acquisition. Easton-Bell officials said that the net income results included the full Easton results as well as the elimination of certain management expenses totaling about $8.3 million.