Huffy Corporation (HUFCQ.PK)

Huffy Corporation, through its subsidiaries, engages in the design and sale of wheeled and related sporting goods products. The company offers various sporting good products, including bicycles, scooters, tricycles, skateboards, and inline skates; golf equipment; hockey equipment; and snowboards and licensing. The company also designs, manufactures, and markets basketball backboards and accessories; and resells sports equipment and accessories to sporting goods retailers. In addition, the company operates a service segment, which assembles and repairs bicycles, assemble grills, physical fitness equipment, furniture, and outdoor power equipment; and provides merchandising services to major retailers and various manufacturers and/or distributors serving the Home Center channel. The company’s products, which bear the logo of the National Basketball Association, as well as the Huffy Sports trademark are sold through national and regional retailers in the United States. The company also markets its products internationally, predominately in Europe. The company was formed in 1928 and is based in Miamisburg, Ohio.

For the fiscal year ended 12/31/03, net sales rose 18% to $437.7 million. Net loss from continuing operations totaled $7.5 million vs. an income of $4.3M. Revenues reflect the acquisition of Gen-X Sports Inc. and the McCalla Company during 2002. Net loss reflects an increase in interest expenses, and insurance related product costs.