Sales up, earnings flat at Deckers
Goleta-based Deckers Brands delivered an increase in revenue during the second quarter of fiscal year 2021-22, but “historic” supply chain demands kept earnings flat year-over-year. Deckers, the parent company of footwear brands including Ugg, Hoka One One and Teva, saw revenue grow to $721.9 million for the quarter ended Sept. 30, up 15.8% from the Read More →
LTC properties reports decline in income and assets in Q3
Westlake Village-based LTC Properties saw its net income, total assets and funds from operations drop in the third quarter compared to a year earlier, the company said in its Oct. 28 earnings release. For the three months ended Sept. 30, LTC had net income of $10.9 million, or 28 cents per diluted share, down from Read More →
Income up 24% at Montecito Bank, assets top $2B
Montecito Bank & Trust, the biggest bank based in the tri-county region, reported asset growth of nearly 22% in the past year, while loan growth softened because of accelerated pandemic-related loan forgiveness and additional loan payoffs. The Santa Barbara-based bank said in an Oct. 18 earnings release that its total assets grew $404.53 million in Read More →
Central Coast coalition aims to launch aerospace economy from Ventura to Santa Cruz
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Dubroff: Phil Wyatt and his company finally get their due with physics prize
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Teledyne shares hit record after strong earnings report
The acquisition of Flir Systems continues to pay off for Teledyne Technologies, as the Thousand Oaks-based industrial and scientific conglomerate crushed analysts’ expectations in the third quarter and upped its guidance for the full year. Teledyne delivered record sales for the quarter ended Sept. 30, generating $1.3 billion in revenue, a 75.8% increase from the Read More →
Earnings, loans, assets all up at American Riviera Bank
American Riviera Bank’s core loans rose 20% during the past year and the bank continues to experience “tremendous” deposit growth, the company said in its Oct. 25 earnings release. The Santa Barbara-based bank reported that its core loans, not counting federal Paycheck Protection Program loans, grew to $124 million by Sept. 30, the end of Read More →
