UP!

BDE $6.65   View long term graphs

Black Diamond Equipment
Type
Public company
Traded as NASDAQ: BDE
Industry climbing and skiing equipment
Founded December 1, 1989
Headquarters Holladay, Utah
Parent Black Diamond, Inc.
Website www.blackdiamondequipment.com

Black Diamond Equipment is a Utah-based manufacturer of equipment for climbing, skiing and mountain sports. The company also has global offices in Reinach, Switzerland and Zhuhai, China. The company is owned by Black Diamond, Inc., a parent company formerly known as Clarus Corporation, which also owns POC Sports.

Black Diamond Equipment’s history dates back to the late 1950s, when climber Yvon Chouinard began hand-forging pitons and selling them from the trunk of his car in Yosemite Valley. Chouinard’s pitons quickly gained a reputation for quality, and Chouinard Equipment was born soon after in Ventura, California.

In early 1989, after several product-liability lawsuits and a continued lack of profitability, Yvon Chouinard placed the company in Chapter 11 bankruptcy. Black Diamond was founded on December 1, 1989, when the assets of Chouinard Equipment Ltd. were purchased by a group of former company employees led by current Black Diamond Equipment CEO Peter Metcalf, and a few outside investors. Peter Metcalf moved the company and its 45 employees from Ventura, California to the Salt Lake City, Utah area in September 1991 to be closer to the climbing and skiing opportunities provided by the Wasatch Mountains.

In 1996, Black Diamond Equipment Europe was established in Reinach, Switzerland, making Black Diamond products widely available throughout Europe. In 2006, Black Diamond Equipment Asia was established in Zhuhai, China to serve as both a secondary manufacturing facility as well as a global distribution hub. In May 2010, Black Diamond Equipment was acquired for $90 million by Clarus Corporation which owns Armor inc, a military defense contractor. The resulting corporation was renamed and is now publicly traded on the NASDAQ under the name Black Diamond, Inc. (BDE).

Black Diamond Equipment designs and manufactures products for climbing, skiing and mountain sports. Climbing products include locking and non-locking carabiners, quickdraws, harnesses, active and passive climbing protection, belay devices, helmets, ice tools and piolets, crampons, ice protection, bouldering pads and big wall equipment. Black Diamond Equipment also produces skis, ski boots, bindings, poles, gloves, ski packs, avalanche safety gear and climbing skins. The company’s mountain products include tents and shelters, lighting, trekking poles and backpacks.

Over the years, Black Diamond has acquired and integrated several gear companies into its line, including Bibler tents (1997) Ascension climbing skins (1999), and Franklin climbing products (1998).

Notable Black Diamond products include:

In 2010, Black Diamond Equipment acquired Gregory Mountain Products. Gregory produces many products, including a comprehensive list of backpacks. The following is a list of some of its top backpacking packs, intended to show evolution and changes to the product over time:

The Baltoro pack is one of Gregory's flagship multi-day pack. It has evolved over time, with models ranging with the following dates (confirmation needed):

Advertised as 70L, but actually comes in Small (65L), Medium (70L), and Large (75L). This pack featured the Response AFS Suspension.

Model came listed as 65L or 75L. The 75L actual size Small (73L), Medium (75L), and Large (78L), while the 65L actual size is Small (63L), Medium (75), and Large (78L). Changes introduced from the previous edition include:

New model comes advertised as 65L, 75L, and 85L. Changes introduced from the previous edition include:

A pack focused for women.

A pack focused on technical mountain climbing, alpine, and expedition.

Mainly a larger version of the Baltoro pack.

Black Diamond Equipment Asia located in Zhuhai, China produces many of the company’s products. Products are also made in The Philippines, various sites in Europe and in its Utah factory. Black Diamond maintains an in-house Quality Assurance lab staffed by a team of engineers responsible for performing batch testing, stress analysis and quality control on all Black Diamond products. Batch testing refers to testing a few products from each production run. Not all products are tested. Usually, a random sampling of parts from each batch are tested to destruction.

In October 1998, Black Diamond received ISO 9001 certification. ISO 9001 certification serves as a control process for companies with systems already in place to monitor design, manufacturing and testing.

Black Diamond uses a manufacturing rating standard called 3-Sigma. By batch-testing climbing equipment following 3-Sigma methodologies, there is a 99.73% probability that the strength of any item taken from the same batch will be above the rating given to any given product.

Former Black Diamond CEO Peter Metcalf has a long history of political advocacy for both the outdoor industry and the public lands of Utah, and has often united outdoor companies against policies that threaten public lands and outdoor recreation. In 2003, Metcalf, a board member of the Outdoor Industry Association, threatened to move the Outdoor Retailer trade show (which brings $24 million in revenue to Utah) out of Salt Lake City after million acres of Utah land were stripped of wilderness protection. Metcalf and other outdoor companies have also been vocal in opposition to oil and gas drilling in Desolation Canyon, Utah, and other threats to public lands. In 2012, Metcalf resigned from the Utah Ski and Snowboard Working Group in opposition to proposed legislation that would transfer ownership of public lands from the federal government to the state of Utah.

Black Diamond also supports many non-profit organizations (with money, gear, employee time, etc.), including:
The Access Fund
American Alpine Club
The Conservation Alliance
Utah Clean Energy
Leave No Trace
The Nature Conservancy
Southern Utah Wilderness Alliance (SUWA)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2017 2018-02-08 Future report Set alerts
Q3 2017 2017-10-30 Future report Set alerts
Q2 2017 2017-08-07 -0.11 0.00
Q1 2017 2017-05-08 0.02 -0.05
Q4 2016 2017-03-06 0.01 -0.05
Q3 2016 2016-10-31 0.06 -0.01
Q2 2016 2016-08-01 -0.08 -0.10
Q1 2016 2016-05-02 -0.07 -0.13
Q4 2015 2016-03-14 0.02 -0.99
Q3 2015 2015-11-09 0.08 -1.55

Ratings

2016-03-30 Downgrade DA Davidson Buy to Neutral
2016-03-21 Boost Price Target Roth Capital Neutral $4.00 to $5.00
2016-03-14 Initiated Coverage Canaccord Genuity Buy $6.00
2015-11-16 Lower Price Target Canaccord Genuity Buy $9.00 to $6.00
2015-11-10 Upgrade Stifel Nicolaus Hold to Buy
2015-11-10 Lower Price Target DA Davidson Buy $9.00 to $7.00
2015-10-09 Initiated Coverage Roth Capital Hold
2015-10-08 Reiterated Rating Canaccord Genuity Buy $9.00
2015-09-11 Downgrade CIBC Sector Perform to Underperform
2015-09-02 Upgrade Feltl & Co. Sell to Hold
2015-08-14 Reiterated Rating Roth Capital Hold
2015-08-11 Reiterated Rating Canaccord Genuity Buy $16.00
2015-07-10 Reiterated Rating Canaccord Genuity Buy $16.00
2015-05-22 Reiterated Rating Roth Capital Neutral $7.50 to $8.50
2015-05-13 Reiterated Rating Roth Capital Neutral $7.50 to $8.50
2015-05-12 Reiterated Rating Piper Jaffray Neutral $8.50 to $10.00
2015-05-12 Reiterated Rating Piper Jaffray Cos. Neutral $8.50 to $10.00
2015-05-11 Reiterated Rating Canaccord Genuity Buy $16.00
2015-04-26 Reiterated Rating Piper Jaffray Neutral $8.50
2015-04-16 Downgrade Stifel Nicolaus Buy to Hold $9.00
2015-04-07 Lower Price Target Canaccord Genuity Buy $17.00 to $16.00
2015-03-27 Downgrade Feltl & Co. Hold to Sell $7.50
2015-03-17 Boost Price Target Canaccord Genuity Buy $12.00 to $17.00
2015-03-17 Upgrade DA Davidson Neutral to Buy $7.50 to $10.00
2015-03-17 Downgrade Needham & Company LLC Buy to Hold
2015-03-17 Upgrade Stifel Nicolaus Hold to Buy $9.00
2015-01-26 Lower Price Target Roth Capital Neutral $8.00 to $7.00
2015-01-06 Downgrade Stifel Nicolaus Buy to Hold $13.00
2014-12-11 Initiated Coverage Raymond James Market Perform
2014-12-11 Initiated Coverage Raymond James Financial Inc. Market Perform
2014-11-05 Reiterated Rating Imperial Capital In-Line $8.00 to $9.00
2014-10-21 Initiated Coverage Sidoti Buy
2014-10-09 Initiated Coverage Wunderlich In-Line $8.00
2014-10-09 Initiated Coverage Imperial Capital In-Line $8.00
2014-09-17 Initiated Coverage Piper Jaffray Neutral
2014-08-14 Downgrade BMO Capital Markets Market Perform
2014-08-13 Reiterated Rating Roth Capital Neutral $10.00 to $8.50
2014-08-12 Lower Price Target DA Davidson $12.00 to $10.00
2014-08-12 Lower Price Target Needham & Company LLC Buy $15.00 to $10.00
2014-08-12 Lower Price Target Canaccord Genuity Buy $17.00 to $12.00
2014-08-12 Lower Price Target Oppenheimer Outperform $14.00 to $12.00
2014-08-12 Lower Price Target Oppenheimer Holdings Inc. Outperform $14.00 to $12.00
2014-07-29 Reiterated Stifel Buy $15 to $13
2014-07-29 Downgrade Piper Jaffray Overweight to Neutral $13.00 to $8.00
2014-07-29 Lower Price Target Stifel Nicolaus Buy to Buy $15.00 to $13.00
2014-06-25 Boost Price Target Acumen Capital Buy $37.00 to $38.25
2014-04-17 Downgrade FirstEnergy Capital Market Perform
2014-02-13 Lower Price Target Stifel Nicolaus $19.00 to $15.00
2014-02-12 Downgrade Needham Strong Buy to Buy $18 to $15
2014-02-12 Downgrade Needham & Company LLC Strong-Buy to Buy $18.00 to $15.00
2014-02-12 Lower Price Target Oppenheimer $16.00 to $14.00
2014-02-12 Lower Price Target Canaccord Genuity $20.00 to $17.00
2013-11-15 Boost Price Target Imperial Capital In-Line $10.00 to $13.00
2013-11-05 Downgrade DA Davidson Buy to Neutral $15.00
2013-11-05 Boost Price Target Oppenheimer Outperform $15.00 to $16.00
2013-11-01 Upgrade National Bank Financial Sector Perform to Outperform $26.50 to $30.50
2013-10-31 Boost Price Target Raymond James Outperform $28.00 to $30.00
2013-10-30 Reiterated Stifel Buy $15 to $19
2013-10-30 Boost Price Target Stifel Nicolaus Buy $15.00 to $19.00
2013-10-08 Boost Price Target Needham & Company LLC Strong-Buy $15.00 to $18.00
2013-10-07 Boost Price Target Oppenheimer Outperform $14.00 to $15.00
2013-10-07 Boost Price Target Feltl & Co. Hold $10.50 to $12.00
2013-10-07 Boost Price Target Canaccord Genuity Buy $14.00 to $20.00
2013-10-07 Reiterated Rating Stifel Nicolaus Buy $15.00
2013-10-07 Boost Price Target Roth Capital Neutral $10.00 to $13.00
2013-09-20 Boost Price Target Oppenheimer Outperform $11.00 to $14.00
2013-09-20 Reiterated Rating Stifel Nicolaus Buy $15.00
2013-09-03 Initiated Stifel Buy $15
2013-08-06 Downgrade Feltl & Co. Buy to Hold $11 to $10.50
2013-03-13 Upgrade Global Hunter Securities Accumulate to Buy
2013-02-15 Reiterated Imperial Capital In-line $10.50 to $10
2012-10-23 Initiated Feltl & Co. Buy
2012-01-18 Initiated Oppenheimer Outperform $10
2016-03-30 Downgrade DA Davidson Buy to Neutral
2016-03-21 Boost Price Target Roth Capital Neutral $4.00 to $5.00
2016-03-14 Initiated Coverage Canaccord Genuity Buy $6.00
2015-11-16 Lower Price Target Canaccord Genuity Buy $9.00 to $6.00
2015-11-10 Upgrade Stifel Nicolaus Hold to Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
KANDERS WARREN B Exec. Chman. of the Bd. of Dir 13.76%  (4477227) BDE /
Duff Philip N 1.14%  (370000) AMBC / BDE /
Jeffery Stephen Paul 0.62%  (200878) BDE /
HOUSE DONALD 0.40%  (129861) BDE /
EHRLICH BURTT R 0.27%  (88000) BDE /
METCALF PETER R. CEO and President 0.24%  (78883) BDE /
COXE TENCH 0.23%  (75407) APAM / BDE / CORT / CRDC / MATR / NVDA / THLD /
SOKOLOW NICOLAS 0.22%  (70425) BDE /
Freeman Zeena PRESIDENT 0.09%  (28424) BDE /
KUEHNE AARON CHIEF FINANCIAL OFFICER 0.06%  (18740) BDE /
SCHILLER ROBERT EXECUTIVE VICE CHAIRMAN 0.06%  (18532) BDE /
HENNING MICHAEL A 0.03%  (10000) BDE / CTS / LSTR / OMC /
EKERN NIGEL P Chief Administrative Officer 0.02%  (5882) BDE /

Comments