AT Cross Co. (ATX)

A.T. Cross Company engages in designing, manufacturing, and marketing personal accessories in the United States. The company operates in two segments, Cross Accessory Division (COD) and Cross Optical Group (COG). The COD segment offers writing instruments consisting of ball-point pens, fountain pens, selectip rolling ball pens, and mechanical pencils, as well as refills for its products. This segment also provides various personal and business accessories, including leather goods, reading glasses, watches, desk sets, business totes, cufflinks, and stationery. It sells writing instrument products under the Cross brand, as well as under the Penatia and Omni by Cross brands, and the licensed name Bill Blass. This segment sells products through direct sales force and manufacturers' agents or representatives to retail and wholesale accounts, as well as directly to consumers through its Website cross.com and the Cross retail stores. The COG segment offers polarized eyewear under the brand name Costa Del Mar. This segment sells its products through employee representatives and manufacturers’ agents to optical and sunglass specialty shops, department stores, and sporting goods retailers. A.T. Cross Company was founded in 1846 and is headquartered in Lincoln, Rhode Island.

For the thirty nine weeks ended 30 September 2006, A.T. Cross Company's revenues increased 7% to $94M. Net income totaled $600K vs. a loss of $2M. Revenues reflect higher income generated from Optical segment and an increase in revenue from Cross Retail Ventures. Net income also reflects improved gross margins due to lower costs from the Company's manufacturing & distribution initiatives and the presence of litigation receipt.