Businessweek

G-III Apparel Group, Ltd. announced unaudited consolidated earnings results for the fourth quarter and year ended January 31, 2013. For the quarter, the company reported net sales of $375,277,000 compared to $294,346,000 a year ago. Operating profit was $16,067,000 compared to $8,883,000 a year ago. Income before taxes was $13,501,000 compared to $6,718,000 a year ago. Income attributable to the company was $8,070,000 or $0.40 per basic and diluted common share compared to $5,019,000 or $0.25 per basic and diluted common share a year ago. Non-GAAP diluted net income per common share was $0.41 compared to $0.25 a year ago. Adjusted net income per share, excludes costs associated with acquisition of Vilebrequin. For the year, the company reported net sales of $1,399,719,000 compared to $1,231,201,000 a year ago. Operating profit was $100,488,000 compared to $86,224,000 a year ago. Income before taxes was $92,005,000 compared to $79,240,000 a year ago. Income attributable to the company was $56,875,000 or $2.80 per diluted common share compared to $49,620,000 or $2.46 per diluted common share a year ago. Non-GAAP diluted net income per common share was $2.92 compared to $2.46 a year ago. Adjusted EBITDA was $113,952,000 compared to $92,426,000 a year ago. The company issued guidance for the fiscal year ending January 31, 2014. For fiscal 2014, the company is forecasting net sales of approximately $1.55 billion and net income between $64.3 million and $66.4 million, or between $3.10 and $3.20 per diluted share. The company is projecting adjusted EBITDA for fiscal 2014 to increase approximately 11% to 14% to between approximately $126.5 million and $129.5 million. The company is forecasting net sales of approximately $270.0 million for its first fiscal quarter ending April 30, 2013 and a net loss between $600,000 and $1.5 million, or between $0.03 and $0.07 per share, compared to net sales of $229.4 million and a net loss of $847,000, or $0.04 per share, in last year’s first fiscal quarter.

G-III Apparel Group, Ltd. Presents at 5th Annual TAG Spring Consumer Conference, Apr-09-2013 . Venue: The InterContinental Hotel New York Times Square, 300 West 44th Street at Eighth Avenue, New York, New York, United States. Speakers: Neal S. Nackman, Chief Financial Officer, Principal Accounting Officer and Treasurer, Wayne S. Miller, Chief Operating Officer and Secretary.

G-III Apparel Group, Ltd. announced that they will report Q4, 2013 results at 5:00 PM, Eastern Standard Time on Apr 02, 2013

G-III Apparel Group, Ltd., Q4 2013 Earnings Call, Apr 02, 2013

G-III Apparel Group, Ltd. announced that the board approved an amendment to Article IV, Section 4 of the company’s by-laws.