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Tuesday, May 28, 2024

Sales Strong In Q2 for Easton-Bell

Strong sales in team and action sports equipment contributed to Easton-Bell Sports Inc. reporting a 28 percent increase in net income for the second quarter when compared with the previous year. The Van Nuys-based manufacturer had net income of $15.5 million on revenues of $220.8 million for the quarter ending June 30. For the same period a year ago, the company had net income of $12.1 million on revenues of $206.4 million. Contributing to the net income was a reduction in interest expense following an adjustment of an interest rate swap agreement. Football and ice hockey equipment drove sales in the team sports division while cycling and snow helmets, cycling components, eyewear and fitness related products was behind the sales in action sports.

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