LaCrosse Q4 and year-end results strong as company restructures

09/02/2005

LaCrosse Footwear, Inc., a major provider of branded work and outdoor footwear for expert users, has reported consolidated net sales of $28.7 million in the fourth quarter of 2004, up by 5% from $27.3 million in the fourth quarter of 2003. For the full year 2004 net sales were $105.5 million, up by 10% from $95.7 million in 2003.

 

Consolidated net income was $2.2 million in the fourth quarter of 2004, up 96% from $1.1 million in the fourth quarter of 2003. For the full year 2004, consolidated net income was $7.0 million, up 165% from $2.6 million in 2003.

Work sales were $15.7 million for the fourth quarter and $60.7 million for the full year 2004, up from $14.5 million and $51.9 million, respectively, for the same periods in 2003. The growth in work sales spanned multiple product categories, including boots for public safety, general work and firefighting.

 

Outdoor sales were $13.0 million for the fourth quarter and $44.8 million for the full year 2004, up from $12.8 million and $43.8 million, respectively, for the same periods in 2003. The growth in outdoor sales for the year included stronger penetration into the outdoor rugged/casual and hunting markets.