Semtech breaks profit record, buys French wireless firm
Chipmaker Semtech beat analysts expectations by two cents a share and set a profit record while continuing its streak of acquisitions on March 7. Semtech broke its year-end records with profits up 23 percent to $89 million on net sales of $480 million, a 5 percent increase that was also a new high for the Read More →
Calavo Q1 earnings up 16%
Avocado marketer Calavo Growers reported March 5 that first-quarter profits were up 16 percent to $2.7 million as revenues climbed almost a third to $117.4 million. The Santa Paula-based company said the first-quarter results set the stage for a potentially record-breaking year for the firm, which last year made a major acquisition of Renaissance Food Read More →
Dole buys natural snack company
Dole Food Co. has bought Mrs. May’s Naturals, a family-run company that makes natural snacks such as fruit-and-nut bars and freeze-dried fruit. Terms of the deal were not disclosed, but Westlake Village-based Dole said Mrs. May’s had 2011 revenues of about $16 million. Mrs. Mays was founded in 2002 by brothers Augustine and Michael Kim, Read More →
Teledyne taps energy sector with buyout
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Teledyne buys Canadian firm
Teledyne Technologies said Feb. 27 that it has purchased a Canadian firm that makes electronics products for the oil and gas industry. Teledyne, a Thousand Oaks-based conglomerate of defense and industrial brands, has been rebalancing its portfolio away from defense companies and toward commercial and industrial products as the U.S. cuts defense spending as it Read More →
Deckers steps up sales to $1.4B
[wikichart align=”center” ticker=”DECK” showannotations=”true” livequote=”true” startdate=”23-08-2011″ enddate=”23-02-2012″ width=”390″ height=”245″] Goleta-based Deckers Outdoor Corp., parent of the Ugg Australia boot brand, increased its sales 38 percent to nearly $1.4 billion in 2011 and boosted net income 25 percent $201.8 million. In an earnings release on Feb. 23, Deckers said it notched a huge boost in international Read More →
K-Swiss shares tumble on higher Q4 loss
[wikichart align=”right” ticker=”NASDAQ:KSWS” showannotations=”true” livequote=”true” startdate=”17-08-2011″ enddate=”17-02-2012″ width=”300″ height=”245″] Athletic shoe company K-Swiss stumbled into another unprofitable quarter, reporting a $25.2 million loss that came to 71 cents per share, despite higher sales. Shares of K-Swiss dropped 10.7 percent to $3.35 on Feb. 17 after the earnings announcement. In the fourth quarter of 2010, the Read More →
