LaCrosse Footwear Inc has posted a third-quarter consolidated net sales increase of 15 per cent from $29.9 million in 2003 to $34.5m in 2004.

Net sales in the first three quarters of 2004 increased 12 per cent to $76.8m from $68.4m in the same period in 2003.

Consolidated net income totalled $3.9m, or $0.64 per share for the third quarter of 2004 - an 82 per cent increase from $2.1m, or $0.36 per share in the same quarter last year.

For the first three quarters of 2004, net income totalled $4.8m, or $0.78 per share, up 218 per cent from the $1.5m, or $0.25 per share recorded in the comparative-year period.

Third-quarter occupational sales totalled $15.8m, up from $11.6m in 2003, whilst occupational sales for the first three quarters was $45.0m, up from $37.4m last year.

Recreational sales in the third quarter were $18.7m, compared to $18.3m in 2003, with recreational sales totalling $31.8m in the first three quarters, compared to $31.0m in 2003.

Overall gross margin totalled 35.1 per cent of net sales for the third quarter, compared to 31.4 per cent in the same period in 2003.

Joseph Schneider, president and chief executive officer of LaCrosse Footwear Inc said: "During the quarter, we continued our strategic transition away from low-priced footwear, increased our penetration into targeted segments of the occupational market and reinforced our position in recreational markets with the success of our new products."

LaCrosse Footwear is a developer and marketer of branded, premium and innovative footwear for expert occupational and recreational users. The company's Danner and LaCrosse brands are distributed through a network of specialty retailers and distributors.