Oakley Posts Big Gains in 2nd Quarter Profits, Sales

Oakley Inc., the manufacturer of upscale, sporty sunglasses and goggles, posted solid gains in profit and sales in the second quarter.

Net income surged 32% to $15.7 million, or 44 cents a share, from $11.9 million, or 37 cents a share, a year ago, the company said Thursday. Sales advanced 37% to $62.8 million from $45.7 million. For the six months, net income showed a 32% gain to $26.7 million, or 74 cents a share, from $20.2 million, or 62 cents a share, for the six-month period last year. Sales increased 35% to $111.5 million from $82.3 million.