BROOMFIELD

Crocs stock kicks up after footwear firm posts $4.1B in 2024 sales

Investors were going crazy for clogs during early trading Thursday as Crocs Inc. stock was up 18.69% .

The company posted full-year 2024 revenues that topped $4.1 billion, and fourth-quarter sales of $990 million, beating Wall Street’s consensus estimate of $961.6 million.

“Our fourth quarter performance exceeded expectations across all metrics led by Crocs Brand growth of 4%, as the North American business outperformed our plan and China growth accelerated from the third quarter,” Crocs CEO Andrew Rees said in a prepared statement. “Heydude revenue was flat to last year, higher than anticipated as direct-to-consumer sales inflected to growth.”

Looking ahead, Crocs is projecting revenue growth of approximately 2% in 2025 compared with the previous fiscal year.

LONGMONT

S&W Seed grows losses as firm explores strategic options

S&W Seed Co.’s stock shriveled in early trading Thursday after the Longmont company posted lower sales and higher losses in the second quarter of its 2025 fiscal year.

Revenues for the most-recent period were $5.1 million, a 38.5% decrease from the second quarter of fiscal 2024. S&W’s net loss from continuing operations was $6.3 million in the second quarter of 2025. That’s compared with a net loss of $3.8 million in the same period last year.

The company’s stock price was $8.27 at 10:30 a.m. Thursday, down 8.21% on the day. Last month, the company “commenced a process to explore and evaluate various strategic alternatives that may be available to S&W in an effort to enhance shareholder value,” S&W said in its earnings release.

“S&W expects to consider a broad range of potential opportunities, including, among others, a sale of S&W, a merger with another strategic partner, a recapitalization or continued execution of S&W’s attractive long-term business plan. There are no assurances the review process will result in S&W pursuing any transaction or any other strategic outcome.”

WESTMINSTER

Trimble sells transportation telematics business

Westminster industrial technology company Trimble Inc. recently closed a sale of its global transportation telematics business unit to California fleet-management technology company Platform Science Inc.

As part of the deal, financial terms of which were not disclosed, Trimble becomes a shareholder in Platform Science’s expanded business and receives a seat on the company’s board of directors.

“Together with Trimble, we are dedicated to transforming the global transportation industry. This transaction marks a milestone in how we deliver unprecedented choice to fleets of all sizes,” Platform Science CEO Jack Kennedy said in a prepared statement.

— BizWest reports