Vans Inc.: The Orange-based shoe company reported...

Vans Inc.: The Orange-based shoe company reported net income of $3.1 million, or 30 cents a share, for the fiscal year ended May 31, compared with a net loss of $37.1 million, or $3.86 a share, for the prior fiscal year. Sales reached a record $117.4 million, 33% higher than the $88.1 million posted a year ago. Fourth-quarter net earnings totaled $514,000, or 5 cents a share, including a one-time charge of $1 million related to the early retirement of long-term debt. For the comparable quarter last year, the company lost $38.9 million, or $4.04 a share. Sales rose 30% to $32 million from $24.6 million.