Key Developments: Black Diamond Inc (BDE.OQ)
10.45USD
2 Aug 2013
$-0.03 (-0.29%)
$10.48
$10.50
$10.50
$10.22
4,544
48,037
$10.56
$7.56
Latest Key Developments (Source: Significant Developments)
Black Diamond Inc Reaffirms H1, FY 2013 Revenue Guidance
Black Diamond Inc announced that the sales expectations remain unchanged, with first half of 2013 sales expected to be between $90 million and $95 million and fiscal 2013 sales expected to be between $216 million and $221 million. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $39 million for the second quarter of 2013 and revenue of $220 million for fiscal 2013. Full Article
Black Diamond Inc Reaffirms FY 2013 Revenue Guidance
Black Diamond Inc announced that for fiscal 2013, it expects sales to range between $216-$221 million. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $220 million for fiscal 2013. Full Article
Black Diamond Inc Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates
Black Diamond Inc announced that for fiscal 2013, it expects sales guidance to be in the range of $216 million to $221 million. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $218 million for fiscal 2013. Full Article
Black Diamond Inc To Appoint Vice President Of Finance Aaron Kuehne To Interim CFO
Black Diamond Inc announced that appointment of Aaron Kuehne to interim Chief Financial Officer, effective March 15, 2013, serving as the Company's principal financial officer and principal accounting officer. Full Article
Black Diamond Inc Raises FY 2012 Revenue Guidance-Conference Call
Black Diamond Inc announced that for fiscal 2012, it expects sales guidance to be in the range of $177 million to $182 million. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $179 million for fiscal 2012. Full Article
Black Diamond Inc Announces To Acquire Gregory's Japanese Distribution Assets From A&F
Black Diamond Inc announced that it has signed a definitive agreement to acquire the Japanese distribution assets of Gregory Mountain Products (Gregory) from Kabushiki Kaisha A&F (A&F), the exclusive distributor for Gregory in Japan. Under the terms of the agreement, Black Diamond will acquire its Gregory Japanese distribution assets from A&F for $750,000, comprising of a $500,000 payment in January 2013 and $250,000 in December 2013. Dating back to the early 1980's, A&F has been responsible for Gregory's sales, marketing and distribution functions in Japan, Gregory's largest foreign market and an important strategic market for Black Diamond's long-term growth objectives. A&F represented approximately 6%, or $9.3 million of the Company's consolidated 2011 sales. Full Article
Black Diamond Inc Completes Acquisition Of PIEPS GmbH
Black Diamond Inc announced that it has successfully completed the acquisition of PIEPS Holding GmbH and its operating subsidiary, PIEPS GmbH (together PIEPS),an Austrian designer and marketer of avalanche beacons and snow safety products, from the SEIDEL Group, a family-owned group of companies focused on electronics manufacturing. Under the terms of the definitive agreement, Black Diamond acquired PIEPS for EUR8.0 million or approximately $10.3 million in cash and assumed approximately EUR2.1 million or $2.7 million in debt. Black Diamond has committed up to an additional estimated EUR2.3 million or approximately $3.0 million of contingent purchase price upon PIEPS' achievement of certain sales targets between April 1, 2012 and March 31, 2015, which may be paid at Black Diamond's discretion in cash, shares of Black Diamond common stock, or a combination of cash and such shares. Full Article
Black Diamond Inc To Acquire PIEPS Holding GmbH
Black Diamond Inc announced that it has entered into a definitive agreement to acquire PIEPS Holding GmbH and operating subsidiary, PIEPS GmbH (together PIEPS), a Austrian designer and marketer of avalanche beacons and snow safety products, from the SEIDEL Group, a family-owned group of companies focused on electronics manufacturing. Under the terms of a definitive agreement, Black Diamond will purchase PIEPS for EUR8.0 million or approximately $10.4 million in cash and will also assume approximately EUR2.1 million or $2.7 million in debt. The transaction is expected to close on October 1, 2012. Full Article
Black Diamond, Inc. Raises FY 2012 Revenue Guidance
Black Diamond, Inc. increased fiscal 2012 guidance and now expects total sales to range between $173.0-$178.0 million, which includes anticipated POC sales from July 2, 2012 but does not include new category launches or the impact from potential additional strategic acquisitions. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $167.5 million for fiscal 2012. Full Article
Black Diamond, Inc. Completes Acquisition Of POC Sweden AB
Black Diamond, Inc. (the Company or Black Diamond) announced that it has completed the acquisition of POC Sweden AB (POC), a Stockholm-based developer and manufacturer of protective gear for action sports athletes. Under the terms of the definitive purchase agreement, Black Diamond acquired POC for a total consideration valued at 311.3 million Swedish kronor (SEK) or approximately $44.9 million. This was comprised of 460,065 shares of Black Diamond common stock and approximately $40.6 million in cash based upon the SEK/USD exchange rate as of the closing date. The Black Diamond common stock issued at closing is subject to a lock-up agreement restricting sales for two years and is pledged to Black Diamond as security for indemnification claims under the definitive purchase agreement. Full Article

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