BNET Industries

Market Cap:$466.9M
Last Fiscal Year Sales:$721.5M
- Public
- US
Dow Jones Description
We are a designer, manufacturer, distributor, worldwide marketer and brand manager of footwear for men, women, and children. We aspire to be the global leader in molded footwear design and development. Crocs shoes combine fun colors and innovative design and we manufacture a product offering that provides new and exciting molded footwear products that feature fun, comfort and functionality. We design and sell a broad offering of footwear, apparel, gear and accessories that utilize our proprietary closed cell-resin, called Croslite. Croslite is a unique material that enables us to produce an innovative, soft, lightweight, non-marking, slip and odor-resistant shoe. Shoes made with Croslite have been certified by US Ergonomics to reduce peak pressure on the foot, reduce muscular fatigue while standing and walking and to relieve the musculoskeletal system. Since the initial introduction and popularity of our Beach and Cayman models, we have expanded our Croslite products to include a variety of new styles and products and have extended our product reach through the acquisitions of new brand platforms such as Jibbitz, LLC ("Jibbitz") and Ocean Minded, LLC ("Ocean Minded"). We intend to continue branching out into other types of footwear, bringing a unique and original perspective to the consumer in styles that may be unexpected from Crocs. All of our products are designed to allow the product to be defined by comfort, fun, and function. ...
CEO and President
Ronald R. SnyderNumber of Employees 3,700
Peer Companies
NAICS Code Rubber and Plastics Footwear Manufacturing: 316211
Recent Events
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Cramer-Krasselt wins Crocs business, plans campaign for Q1 2010
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Independent Research Firm Murphy Analytics Announces Initiation of Coverage on Crocs, Inc.
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Crocs Moves Global Business to Cramer-Krasselt
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Standpoint Research Initiates Coverage on Crocs CROX with a Buy
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Piper Jaffray Maintains an 'Overweight' Rating on Crocs CROX; Channel Diversity Providing Topline Hedge
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And the World's Scariest Stock Is...
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Crocs to open near retail carrier
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Crocs enters credit facility agreement with PNC
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Dispute resolved between Kent business and Crocs footwear company
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Crocs stumble: anatomy of a fad or a rebound?
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The Crocs Story is Full of Holes
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Stocks in the Spotlight Friday
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Crocs shares soar to highest level since Aug 2008
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Can John Duerden save Crocs?
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Tripped-up Crocs seeks foothold
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Ron Snyder steps off Crocs board
News & Analysis
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crocs inc. - All News and Analysis
Porsche Sues Crocs for Stepping on Trademark
Zacks.com submits: Crocs Inc. CROX, a leading manufacturer of footwear, faces a lawsuit from Porsche Automobile Holding SE for alleged infringement of trademark. In its lawsuit, Porsche has alleged that Crocs has used its widely popular sports car brand name Cayman for a line of footwear. With a...
Shorts Say Crocs Is Ex-Growth
Jessica Johnson submits: Crocs report results Thursday. The short base currently stands at 8.5% and has been rising sharply over the past week. Crocs CROX has made various attempts to diversify and revitalize their business, but the market is clearly concerned that they are ex-growth. For full report...
Earnings Preview: Crocs
Crocs CROX is expected to report Q3 earnings after the market close on Thursday, November 5 with a conference call scheduled for 5 pm ET. Guidance Analysts are looking for a loss of (8c) on revenue of $156.41M. The consensus range is (12c)-(6c) for EPS, and...
Crocs: Patience Is a Virtue
Sean Hannon submits: Warren Buffett once famously quipped that his favorite holding period was forever. In a hyperactive market where investors are bombarded with streaming data, 24-hour business news, and constant investment ideas, it becomes difficult to remain patient and wait for opportunities to develop. Although I do not...
Crocs' Rocky Future - Barron's
Better-than-expected earnings helped Crocs' CROX shares soar on Friday, but Barron's Avi Salzman explains why the shoemaker faces a questionable future. by SA Editor Rachael Granby
Crocs, Inc. Q2 2009 Earnings Call Transcript
Crocs, Inc. CROX Q2 2009 Earnings Call Transcript August 6, 2009 5:00 pm ET
Crocs, Inc. Q2 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator instructions. First, we'll hear from Jeff Klinefelter with Piper Jaffray Jeff Klinefelter – Piper Jaffray Yes. Congratulations to everyone on great management of the business in this environment, that's terrific. John Duerden Thanks, Jeff. Jeff Klinefelter – Piper Jaffray Couple of – few questions...
Earnings Preview: Crocs
Crocs CROX is expected to report Q2 earnings after the market close on Thursday, August 6 with a conference call scheduled for 5:00 pm ET. Guidance Analysts are looking for a loss of (21c) on revenue of $149.94M. The consensus range is (25c)-(17c) for EPS, and revenue of $144.8M-$159.86M,...
Investment Lessons Learned from Crocs
Michael Cintolo submits: Believe it or not, when it comes to investing, I’m not a big reader of news and opinion pieces–I prefer to listen to the market itself. I usually check the headlines but that’s about it. (Company-specific news is different; I do check the news on all my...
Could Crocs Be a Turnaround Play?
Dean Morel submits: Crocs CROX is one of the favourite whipping boys on internet discussion boards. I remain grateful that someone prompted me to dig deeper into Crocs' deteriorating margins before diving in. That was about a year ago, when the stock had dropped from over $75 to $10. CROX...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Ronald R. Snyder | CEO and President |
| Caryn D. Ellison | CFO & Treasurer |
| John P. McCarvel | Chief Operating Officer and Executive Vice President |
| Peter Case | CFO & Senior Vice President, Finance |
| Russ Hammer | Chief Financial Officer, Senior Vice President, Finance and Treasurer |
| Dan Hart | Executive Vice President, Administration and Corporate Development |
| Erik Rebich | General Counsel, Secretary & Vice President |
| Lyndon V. Hanson | Vice President, Manufacturing |
| Michael C. Margolis | Vice President, Sales & Marketing |
| Jennifer Almquist | Director of Investor Relations |
| Mark Cole | Corporate Controller |
| Raymond Croghan | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Richard L. Sharp | Chairman |
| Thomas J. Smach | Chairman |
| Brad L. Stoffer | Board of Directors |
| George B. Boedecker Jr. | Board of Directors |
| John Duerden | Board of Directors |
| Mark Retzloff | Board of Directors |
| Peter A. Jacobi | Board of Directors |
| Ronald L. Frasch | Vice Chairman |
| Stephen Cannon | Board of Directors |
| W. Stephen Cannon | Board of Directors |
Ronald R. Snyder ( Class III ), age 52, has served as a member of our Board of Directors since June 2004. He served as our Chief Executive Officer from January 2005 to March 2009, served as our President from June 2004 to March 2009, and served as a consultant from October 2003 to June 2004. From March 2004 to December 2004, he was Chief Executive Officer of Vinci Corporation, a home theater equipment company. From April 2000 to December 2003, Mr. Snyder served as a senior executive with Flextronics, where he was most recently President of the Flextronics design division. Mr. Snyder joined Flextronics upon its acquisition of The Dii Group, of which he was a founder and an officer and where he had previously led various groups, including manufacturing operations, mergers and acquisitions, and sales and marketing.
| Organization | Position | Status |
|---|---|---|
| Crocs, Inc. | CEO and President | Current |
| Crocs, Inc. | Board of Directors | Current |
| Vinci | Chief Executive Officer | Former |
| University of Colorado at Boulder | Former |
| Organization | Position | Status |
|---|---|---|
| Crocs, Inc. | CFO & Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Crocs, Inc. | Chief Operating Officer and Executive Vice President | Current |
| Crocs, Inc. | Vice President, Asian & Australian Operations | Former |
| Organization | Position | Status |
|---|---|---|
| Crocs, Inc. | CFO & Senior Vice President, Finance | Current |
| Organization | Position | Status |
|---|---|---|
| Crocs, Inc. | Chief Financial Officer, Senior Vice President, Finance and Treasurer | Current |
| Motorola, Inc. | Chief Audit Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Crocs, Inc. | Executive Vice President, Administration and Corporate Development | Current |
| Organization | Position | Status |
|---|---|---|
| Crocs, Inc. | General Counsel, Secretary & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Crocs, Inc. | Vice President, Manufacturing | Current |
| Organization | Position | Status |
|---|---|---|
| Crocs, Inc. | Vice President, Sales & Marketing | Current |
| Co-Source Solutions | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Crocs, Inc. | Director of Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Crocs, Inc. | Corporate Controller | Current |
| Westbridge | Board of Directors | Current |
| Cole & Co. | Managing Director | Former |
| San Diego State University | Bachelors Degree In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Everyday Wireless | Current | |
| Crocs, Inc. | Chairman | Current |
| Flextronics International Ltd. | Board of Directors | Current |
| Circuit City Stores, Inc. | Chief Executive Officer | Former |
| CarMax, Inc. | CEO | Former |
| Circuit City Stores, Inc. | President | Former |
| CarMax, Inc. | Chairman | Former |
| Crocs, Inc. | Board of Directors | Former |
| CarMax, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Flextronics International Regional Headquarters-The Americas | CFO | Current |
| Flextronics International Ltd. | CFO | Current |
| Crocs, Inc. | Chairman | Current |
| BMC Software, Inc. | Board of Directors | Current |
| Crocs, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Crocs, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Crocs, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| The Beekman Group LLC | Current | |
| Omp Inc. | Director | Current |
| Telewest Global, Inc. | Board of Directors | Current |
| Crocs, Inc. | Board of Directors | Current |
| Lernout & Hauspie | Chief Executive Officer | Former |
| Dictaphone Healthcare Solutions | President | Former |
| Crocs, Inc. | Chief Executive Officer, President and Director | Former |
| Reebok International Ltd. | President | Former |
| Reebok International Ltd. | Chief Operating Officer | Former |
| Invensys plc | Chief Operating Officer | Former |
| Invensys plc | Senior Executive | Former |
| FINRA | Former | |
| Sunglass Hut International, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Greenmont Capital Partners | Venture Partner | Current |
| Rudi's Organic Bakery, Inc. | Chairman | Current |
| Aurora Organic Dairy | Chairman of the Board | Current |
| Crocs, Inc. | Board of Directors | Current |
| Organic Bouquet, Inc. | Board of Directors | Current |
| Traditional Medicinals | Board of Directors | Current |
| Rapunzel Pure Organics, Inc. | Board of Directors | Current |
| Blue Horizon Organic Seafood Co., Inc. | Board of Directors | Current |
| Rudi's Organic Bakery, Inc. | CEO | Former |
| Organic Trade Association | President | Former |
| Horizon Organic Dairy | President | Former |
| Aurora Organic Dairy | Chief Organic Officer | Former |
| Eden Foods Inc. | Co-Founder | Former |
| Horizon Organic Dairy | Co-Founder | Former |
| Greenmont Capital Partners | Investment Committee | Former |
| Wild Oats Markets, Inc. | Board Member | Former |
| Under The Canopy, Inc. | Board Member | Former |
| University of Michigan | B.S. Degree | Former |
Peter Jacobi was employed by Levi Strauss & Company from 1970 until his retirement in 1999. During his nearly 30 year tenure, Mr. Jacobi held various senior levels positions, including President of the Men’s Jeans Division, President of Global Sourcing, President of Levi Strauss International, and from 1996 until his retirement, President and Chief Operating Officer. Mr. Jacobi was appointed to the Crocs, Inc. board of directors on October 2, 2008. Mr. Jacobi graduated from San JoseStateUniversity with a BS in Business & Industrial Management.
| Organization | Position | Status |
|---|---|---|
| Crocs, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Rent One Online, Inc. | Member of the Board of Directors of Crocstm | Current |
| Caseshare Systems, Inc. | Board of Directors | Current |
| Collective Intellect, Inc | Board of Directors | Current |
| Crocs, Inc. | Director | Current |
| Applied Communications, LLC | CEO | Former |
| Rent One Online, Inc. | Chief Executive Officer | Current |
| Applied Communications, LLC | Systems Engineer | Former |
| The TriZetto Group, Inc. | Former | |
| Tandem Computers | Former | |
| Banc One | Former | |
| Encryptx Corporation | Chairman | Former |
| Doane College | Bachelors Degree In Mathematics In 1972 | Former |
| Organization | Position | Status |
|---|---|---|
| Saks Incorporated | President & Chief Merchandising Officer | Current |
| Crocs, Inc. | Vice Chairman | Current |
| Crocs, Inc. | Board of Directors | Current |
| Bergdorf Goodman, Inc. | Chief Executive Officer | Former |
| Saks Fifth Avenue | Vice Chairman & Chief Merchant | Former |
| Bergdorf Goodman, Inc. | Chairman | Former |
W. Stephen Cannon ( Class I ), age 57, was appointed as a member of our Board of Directors in February 2009. Since 2005, he has served as the Chairman of Constantine Cannon LLP, a law firm, and the Managing Partner of Constantine Cannon's Washington D.C. office. From 1994 to 2005, Mr. Cannon was the Senior Vice President, General Counsel and Secretary of Circuit City Stores, Inc., a retailer of consumer electronics, which, at the time, was publicly traded on the New York Stock Exchange. Prior to joining Circuit City Stores, Inc., Mr. Cannon served as a partner at the law firm of Wunder, Diefenderfer, Ryan, Cannon and Thelen and spent 10 years in government service, including serving as Chief Antitrust Counsel to the United States Senate Judiciary Committee.
| Organization | Position | Status |
|---|---|---|
| Crocs, Inc. | Board of Directors | Current |
Stephen Cannon has served as a member of our board of directors since February 2009. Mr. Cannon is Chairman of Constantine Cannon LLP. He served as Senior Vice President, General Counsel and Secretary of Circuit City Stores, Inc. from 1994 to 2005. Prior to Circuit City, he was a partner in the Washington, D.C. firm of Wunder, Diefenderfer, Ryan, Cannon & Thelen. He spent ten years in various government positions, including service at the U.S. Justice Department and the Senate Judiciary Committee. Mr. Cannon served on the Antitrust Modernization Commission, appointed by the Senate majority leader. He serves on the board of directors of the U. S. Chamber of Commerce National Litigation Center.
| Organization | Position | Status |
|---|---|---|
| Crocs, Inc. | Board of Directors | Current |
Executive News
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The new king of luxury
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The bank is buoyed by reports that a hedge fund manager is snapping up shares
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Crocs, Inc. Goes Retro with Debut of New Footwear Collection
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Exec Digital Magazine Explores How CEOs Can Better Their International Relations with Rosetta Stones Tom Adams
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Crocs stumble: anatomy of a fad or a rebound?
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Crocs, Inc. Debuts New Back-to-School Styles Perfect for the Schoolyard and Classroom
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AVP Pro Beach Volleyball and Crocs to Part Ways After 2009 Season
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AVP Pro Beach Volleyball and Crocs to Part Ways After 2009 Season
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The Crocs Story is Full of Holes
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