Brass Eagle 1Q Income Slips
by May 27, 2002 12:00 am 46 views
Brass Eagle Inc. of Bentonville, which manufactures paintball guns and other extreme-sports products, said income for the quarter ended March 31 fell but the retail environment is improving.
The company said earnings dropped to $1.09 million, or 14 cents a share, from $1.31 million, or 17 cents a share, compared to the first quarter a year ago. Sales fell to $20.13 million from $20.77 million in the year-earlier quarter.
“We continue to be encouraged about our opportunities for the second half of the year and beyond,” CEO Lynn Scott said in a prepared statement. “Our management team remains focused on executing a plan that will return the Company to historic rates of profitability.”
Brass Eagle reported net sales for the first quarter decreased 3 percent to $20.13 million versus $20.77 million for the same period last year.