Moody's Gives WME IMG B2 Credit Rating CDI Net Income Drops 5% In '13 Bauer Purchases Easton-Bell Baseball/Softball Learfield Sports Acquires Nelligan Sports ISC Q4 Revenue Flat With '12 WME Faces Daunting Task In IMG Acquisition IMG Acquisition Could Take Up To Six Months Nike Q2 Profit Rises 40% WME Execs To Meet With IMG College WME CEOs Diving In At IMG
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Published March 18, 1998
The Marquee Group announced financial results for the year ended December 31, 1997, its first complete year as a public company. For the year, revenues were $21.3M versus $2.9M for the previous year. Earnings before interest, taxes, depreciation and amortization and non-recurring charges were $0.5M compared to a loss of $1.9M in '96. For '97, the company posted a slight operating loss of $23,000 compared to a loss of $2M the previous year. The net loss for the year was $1.3M with a net loss per share of $0.15. This compares with the previous year's net loss of $2.4M and net loss per common share of $1.03 (Marquee Group)....In CO, Erika Gonzalez reported that retailers nationally posted $1.68B in sales of snow sports equipment from August '97 to January '97, a 3.7% drop from the same period last year, according to SnowSports Industries America. The group cited El Nino-related weather problems across the country as the reason for the decline (ROCKY MOUNTAIN NEWS, 3/17).