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Black Diamond reports 2Q loss but sees sales rise

Published August 5, 2013 3:28 pm

This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Outdoor sports equipment maker Black Diamond on Monday posted a bigger second-quarter loss than last year although sales rose 22 percent.

The company blamed non-cash items for the loss of $2.3 million, or 7 cents per share.

Salt Lake City-based Black Diamond lost $1.9 million, or 6 cents per share, in the same quarter of 2012. Sales increased to $38.9 million from $31.9 million last year. Black Diamond attributed the increase to its acquisition of POC Sweden last month.