Black Diamond (BDE) Misses Q4 EPS by 2c, Offers Guidance, to Explore Strategic Alternatives

Black Diamond (NASDAQ: BDE) reported Q4 EPS of $0.09, $0.02 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $59.4 million versus the consensus estimate of $61.6 million.

Black Diamond sees FY2015 revenue of $208 million, versus the consensus of $217.21 million.

Black Diamond has engaged the financial advisory firms Rothschild Inc. and Robert W. Baird & Co. ("Baird") to lead the exploration of a full range of strategic alternatives for each of the Company's brands, Black Diamond, POC and PIEPS.

Warren Kanders, executive chairman of Black Diamond, commented: "Over the last 15 months, we have undertaken a series of actions to leverage the significant growth in our brands, optimize our platform, drive significant cost reductions, and position the Company for stronger financial and brand performance. We believe the growth in sales and margin in the fourth quarter is an early indication of the benefits of these actions, which we expect to realize increasingly over time.

"At a time when premium active lifestyle and outdoor brands are selling at historically high levels, and there is a scarcity of authentic branded assets available to strategic acquirers, the board's decision to investigate its strategic alternatives results from its belief that the Company is likely to utilize 100% of its NOL balances in connection with this process and represents the logical next step in our ongoing efforts to unlock value for Black Diamond shareholders."

Black Diamond has not set a timetable for completion of this strategic review process, and does not intend to comment further regarding the review process unless or until a specific transaction is approved by its board of directors or shareholders, the review process is concluded, or it is otherwise determined that further disclosure is appropriate or required by law. The Company provides no assurance that the strategic review process will result in any transaction.

For earnings history and earnings-related data on Black Diamond (BDE) click here.

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