Sept. 5, 2005 – Finance Digest
September 5, 2005
Filed under Features
Riddell Bell Holdings, Inc. (RBH), Dallas, reported increased earnings for the second quarter ended July 2, 2005, of $3.5 million on net sales of $103.78 million. This compares to earnings of $1.2 million on sales of $33.69 million for the second quarter 2004. Company officials said entry into the powersports industry was responsible for much of that growth.
For the six-month period ended July 2, 2005, the company reported earnings of $3.64 million on sales of $191.01, compared to earnings of $1.55 million on sales of $61.91 million in the first six months last year.
RBH is comprised of two formerly independent companies: Riddell Sports Group (Team Sports) and Bell Sports Corporation (Individual Sports). It produces more than eight million helmets annually.
Private investment firm Fenway Partners, Inc. completed its $240 million acquisition of Bell Sports in September 2004 and combined it with Riddell Sports Group, which it had acquired from Lincolnshire Management Inc. in 2003 in a transaction valued at more than $100 million.
Riddell Sports' core business is designing, marketing and reconditioning helmets and other equipment used in team sports such as football, baseball, lacrosse and other team sports. Bell Sports designs and markets helmets and accessories for powersports, bicycling, action sports and snow sports.