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 March 6, 2017, the Registrant issued a press release
announcing results for the fourth quarter and year ended December
31, 2016 (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) from continuing operations before non-cash items and
related income (loss) per diluted share, and adjusted net income
(loss) from continuing operations 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) from continuing operations before non-cash items and
related income (loss) per diluted share, and adjusted net income
(loss) from continuing operations 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 March 6, 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 +0.10 at 5.70 with 134,426 shares trading hands.
