Iconix Brand reports record earnings for Q2 2008

August 06, 2008 (USA)

Iconix Brand Group Inc announced financial results for the second quarter ended June 30, 2008.

Q2 2008 results:
Revenue for the second quarter of 2008 increased 32% to $51.7 million, as compared to approximately $39.1 million in the second quarter of 2007. EBITDA for the second quarter increased 13% to approximately $35.2 million, as compared to approximately $31.2 million in the prior year quarter and free cash flow for the quarter increased to approximately $26.3 million, as compared to approximately $25.8 million in the prior year quarter.

Net income for the second quarter increased 11% to approximately $16.5 million, as compared to $14.8 million the prior year quarter and GAAP diluted earnings per share increased to $0.27 versus $0.24 in the prior year quarter. EBITDA and free cash flow are non-GAAP metrics and reconciliation tables for both are attached to this press release.

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