Huntington Beach surfwear maker Quiksilver Inc. said Friday it saw a fourth-quarter sales bang from a big ski and golf acquisition earlier this year.
Quiksilver said its sales jumped 82% to $637 million in the period ended Oct. 31, compared to a year earlier. Net income rose 35% to $34 million in the quarter.
The company’s profit was in line with Wall Street expectations, with sales beating the forecast by 8%.
The company said sales from its buy of Skis Rossignol and its Cleveland Golf unit were $214 million during the fourth quarter.
Quiksilver didn’t give an outlook for 2006. Some analysts are concerned that its buy of Rossignol, which was losing money prior to the deal, could hurt Quiksilver’s profit.
Shares of the company were up 4% to $13.40 on Friday.
