Black Diamond, Inc. (NASDAQ:BDE) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition
On May 8, 2017, the Registrant issued a press release announcing
results for the first quarter ended March 31, 2017 (the Press
Release). A copy of the Press Release is furnished as Exhibit
99.1 and incorporated herein by reference.
The Press Release contains the non-GAAP measures: (i) net income
(loss) before non-cash items and related income (loss) per
diluted share, and adjusted net income (loss) before non-cash
items and related income (loss) per diluted share, and (ii)
earnings before interest, taxes, other income, depreciation and
amortization (EBITDA), and adjusted EBITDA. The Company also
believes that the presentation of certain non-GAAP measures,
i.e.: (i) net income (loss) before non-cash items and related
income (loss) per diluted share, and adjusted net income (loss)
before non-cash items and related income (loss) per diluted
share, and (ii) EBITDA and adjusted EBITDA, provide useful
information for the understanding of its ongoing operations and
enables investors to focus on period-over-period operating
performance, and thereby enhances the user’s overall
understanding of the Company’s current financial performance
relative to past performance and provides, along with the nearest
GAAP measures, a baseline for modeling future earnings
expectations. The non-GAAP measures are reconciled to comparable
GAAP financial measures in the financial tables within the Press
Release. The Registrant cautions that non-GAAP measures should be
considered in addition to, but not as a substitute for, the
Registrants reported GAAP results. Additionally, the Registrant
notes that there can be no assurance that the above referenced
non-GAAP financial measures are comparable to similarly titled
financial measures used by other publicly traded companies
The information in Item 2.02 of this Current Report on Form 8-K
and the Press Release attached hereto as Exhibit 99.1 shall not
be deemed filed for purposes of Section 18 of the Securities Act
of 1934, as amended, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933, as
amended, except as shall be expressly set forth by specific
reference in such filing.
Item 9.01. Financial Statements and Exhibits
| (d) |
Exhibits. |
| Exhibit | Description | |
| 99.1 | Press Release dated May 8, 2017 (furnished only). |
About Black Diamond, Inc. (NASDAQ:BDE)
Black Diamond, Inc., through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities. Its principal brands include Black Diamond and PIEPS. It offer a range of products, including apparel, such as jackets, shells, pants and bibs; rock-climbing equipment, such as carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gear; technical backpacks and high-end day packs; tents; trekking poles; headlamps and lanterns, and gloves and mittens. The Company also offers advanced skis, ski poles, ski bindings, ski skins, and ski safety products, including avalanche airbag systems, avalanche transceivers, shovels and probes. The Company’s products are sold in North America, Europe, Asia, and the rest of the world in over 50 countries. Black Diamond, Inc. (NASDAQ:BDE) Recent Trading Information
Black Diamond, Inc. (NASDAQ:BDE) closed its last trading session up +0.05 at 5.45 with 33,983 shares trading hands.