Black Diamond Consider Selling Its Brand

Black Diamond Inc., the parent company of three brands, including Black Diamond Equipment, Poc Sports and Pieps, announced at its investor meeting on Monday that 2 financial advisory companies have been hired to explore a comprehensive development strategy for every brand of its brand.

This means that Black Diamond will "sell its premium brand at a historic high and may buy the potential brand at a low level in a timely manner."

The company's executive director said, "this is a logical statement that we will work hard to release shareholder value next."

About a year ago, Black Diamond management made a similar decision -- the old outdoors.

Gregory was sold to Samsonsite company for $85 million, earning nearly $40 million in 4 years.

In addition, in 2014, the company also reorganized the management, appointed SONY, Gap former executive Zeena Freeman to replace Peter Metcalf, one of the founders, as new since June 2015.

Metcalf continues to serve as president.

In the past fourth quarter of 2014 (up to December 31, 2014), Black Diamond recorded a slight decrease in sales volume of 59 million 400 thousand US dollars, compared with 60 million 400 thousand US dollars in the same period last year, but eliminated the organic sales increase by 10 percentage points due to the income reduction factor caused by Gregory sales. In the whole year, the company reported sales of 193 million 100 thousand US dollars, a decrease of 203 million US dollars compared to that of Gregory a year ago. If it was not accounted for, it would increase 15 percentage points over the same period last year.

Net income amounted to US $14 million, a substantial improvement over the US $5 million 900 thousand deficit in the same period last year.

As of December 31, 2014, Black Diamond had about $40 million 900 thousand in cash and securities, compared with $4 million 500 thousand in the same period last year, and the total debt was also significantly reduced to $22 million 400 thousand compared with $38 million in the same period last year.

For 2015, Black Diamond expects sales to reach 208 million euros, an increase of about 8 percentage points compared with 2014.