DALLAS, July 30, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring sportswear maker Under Armour Inc. (UA). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Under Armour Inc. (NYSE:UA) should be of particular interest to other sports apparel companies: Columbia Sportswear Co. (Nasdaq:COLM), Iconix Brand Group Inc. (Nasdaq:ICON), Jones Apparel Group Inc. (NYSE:JNY) and Nike Inc. (NYSE:NKE).
It is available at: http://www.stockpreacher.com/n/UA
Under Armour Inc. (UA) develops, markets and distributes performance apparel, footwear, and accessories for men, women and youth primarily in the United States, Canada, and internationally. It offers products made from moisture-wicking synthetic fabrics designed to regulate body temperature regardless of weather conditions. The Company provides its products in three fit types: compression (tight fitting), fitted (athletic cut) and loose (relaxed) extending across the sporting goods, outdoor and active lifestyle markets. Its footwear offerings comprise football cleats; and baseball, lacrosse, and softball cleats and slides.
In the report, the analyst notes:
"The Company recently saw its net income increased by 4.7% for the second quarter ended June 30, 2009. Despite apparel sales slump hurting the industry, the Baltimore Company posted earnings of $0.03 per share, above the consensus of a $0.02 loss. Revenues rose 5.1% to $164.7 million, versus the consensus of $159.1 million.
"A significant improvement in its balance sheet, the Company had cash in the amount of $79.5 million as of June 30, 2009, as compared to $13.3 million at June 30, 2008. The Company had no borrowings outstanding under its $200 million revolving credit facility at June 30, 2009. ...Over the next 6 to 12 months, the Company says it will bring compelling new materials and technology that will reinforce its position as the thought leader in performance apparel."
To read the entire report visit: http://www.stockpreacher.com/n/UA
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