Aug. 16, 2004 – Business improves for Fairchild Sports
August 16, 2004
Filed under Features
The Fairchild Corporation (NYSE:FA), McLean, Va., reported revenues from Fairchild Sports for the three months ended June 30, 2004, were $91.9 million, generating pre-tax earnings of $9.2 million. July revenues totaled $29 million, company officials said.
Fairchild Sports includes Intersport Fashions West, Hein Gericke and PoloExpress, all of which manufacture and sell protective clothing, helmets and technical accessories for motorcyclists.
“This is a recent acquisition and our efforts to improve the business are just beginning to translate into tangible economic results,” said Eric Steiner, president and Chief Operating Officer of The Fairchild Corporation. “These businesses offer substantial long-term growth opportunities for global expansion and product enhancement, which we intend to pursue.”
Hein Gericke operates 147 retail shops in Austria, Belgium, England, France, Germany, Italy, Luxembourg and the Netherlands; PoloExpress operates 85 retail shops in Germany; and IFW, located in Tustin, Calif., designs and distributes apparel, boots and helmets under several labels.
The Fairchild Corporation, also engaged in the aerospace industry, reported earnings from total continuing operations were $9.9 million, or 39 cents per share, for the quarter.
Additional information is available on The Fairchild Corporation Web site, www.fairchild.com. psb