LaCrosse Footwear, Inc. swung back into the black in the first quarter, despite some headwinds from bad weather.
For the period ended March 31, the Portland, Ore.-based firm earned $560 million, or 8 cents a share — reversing its net loss of $650 million, or 10 cents, a year earlier.
Net sales totaled $33.3 million, marking a 32 percent increase from $25.2 million a year ago. The revenue increase was broad-based across the work and military segments.
Sales to the work market surged 50 percent to $24 million, while sales to the outdoor market advanced 2 percent to $9.3 million.
“Despite the adverse impact of unusually warm and dry weather during the winter, we’ve made good progress in reinvigorating our outdoor product line with our innovative new hiking and lifestyle boots to extend the appeal of our brands across a broader demographic,” said Joseph Schneider, President and CEO of LaCrosse. “We also continued to build relationships with new major retailers in North America, gradually expand our international distribution and grow our direct channels.”
The firm ended the period with cash of $402,000 and long-term debt of $107,000.