• Company looking at “full range” of alternatives
  • Q4 adjusted net profit up 36% to US$3.1m
  • Sales up 10% to $59.4m

Outdoor equipment and apparel business Black Diamond is to explore strategic alternatives after announcing higher sales and profits in its fourth quarter.

The US company said growth of its Black Diamond apparel business had helped boost revenues in the last three months of 2014 by 10%, while gross margin had lifted to 39% from 37.4% thanks to higher-margin products and channels.

“Since initiating our strategic pivot in late 2013, we have executed against nearly all of its objectives, including the sale of Gregory, the focus on our core and fastest growing brands, and the development of a series of initiatives to improve margins and profitability,” said Peter Metcalf, CEO.

“Our strong fourth quarter results reflect this execution.”

Black Diamond also announced that it had engaged financial advisory firms Rothschild Inc and Baird to “lead the exploration of a full range of strategic alternatives for each of the company’s brands, Black Diamond, POC and PIEPS”.

The company expects fiscal 2015 sales of about $208m and gross margin of 40%.