Very much in line with the unaudited preliminary results put out last month, Black Diamond Equipment, the U.S. marketer of the Black Diamond, Gregory, Poc Sweden and Pieps brands, raised its total sales for the full 2012 financial year by 21 percent to $175.9 million. The adjusted gross margin grew from 38.7 percent to 39.5 percent, while net profit before non-cash items was up to $12.6 million from $11.9 million in 2011. The adjusted operating profit before amortization (Ebitda) improved by 8 percent to $14.7 million. For the fourth quarter ended Dec. 31, total sales jumped by 34 percent to $48.8 million, mainly due to the acquisition of Poc and the smaller Pieps brand of snow safety equipment. Turnover was reduced by $0.4 million because of the repurchase of inventory from Kabushiki Kaisha A&F, Gregory's distributor in Japan. In the last three month of last year, the gross margin was down by 2.9 percentage points to 36.3 percent compared with the previous year's last quarter. Net income went down to $0.5 million from $3.5 million. As of Dec. 31, Black Diamond Equipment had cash worth $5.1 million compared with $2.4 million the year before. This includes $20.0 million outstanding on BDE's credit line of $35 million. More in The Outdoor Industry Compass.