BUSINESSWEEK'S HOT GROWTH COMPANIES

Hot Growth Special Report 2006 >

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11

Volcom (VLCM)

Clothes for skateboarders and surfer dudes are hot right now, and few companies are riding that wave higher than Volcom Inc. The company was founded by CEO Richard "Wooly" Woolcott and friend Tucker "T-Dawg" Hall during a 1991 road trip to Tahoe. It was capitalized with $5,000 of Woolcott's father's money. Today the company embodies the term "lifestyle brand" by sponsoring surfers, snowboarders, artists, and filmmakers. Volcom also runs its own record label and operates a private skate park at its headquarters. The strategy pays off as sales of Volcom's T-shirts, corduroy pants, and swim trunks have doubled revenues in the past two years, to $160 million. Profits are up by a similar amount, to $29 million.

Company Info

2005 Rank

NR

Market Value*
($ Millions)

863.7

Sales*
($ Millions)

169.9

Sales Growth
(3-yr. avg. annual)

41.7 %

Profits*
($ Millions)

27.5

Profit Growth
(3-yr. avg. annual)

58.3 %

Return on Inv. Capital (3-yr.)

63.1 %

Share Price
12-Mo. Hi/Lo

41/24

Share Price
As of 4/28/06

36

Return on Equity

25.5 %

P/E Ratio

30

No. of Employees

181

Industry Apparel, Accessories & Luxury Goods
CURRENT
MARKET INFO

VLCM >

COMPANY WEB SITE >
Location Costa Mesa, Calif.
Phone 949 646-2175
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat

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Company Snapshot

Volcom engages in the design, marketing, and distribution of clothing, accessories, and related products in the U.S. and internationally. Its products include T-shirts, fleece, bottoms, tops, jackets, boardshorts, denim, and outerwear. They combine fashion, functionality, and athletic performance primarily for young men and women. The company offers accessories to the boardsports of skateboarding, snowboarding, and surfing. It also offers various other accessories, including hats, wallets, ties, belts, and bags. As of Dec. 31, 2005, Volcom operated one Volcom branded retail store in Los Angeles. It also offers its products online. In addition, the company sells music under its Volcom Entertainment label. It offers its products primarily to retail stores. Volcom was founded by Richard Woolcott and Tucker Hall in 1991. It was formerly known as Stone Boardwear and changed its name to Volcom in 2005. The company is based in Costa Mesa, Calif.


Data provided by Capital IQ
 
Richard R. Woolcott

Richard R. Woolcott, 40

Chief Executive Officer, President and Director


Total Compensation*

$ 555,840

Total Options Value*

$ N/A

* Fiscal Year 2005

DEGREES HELD
Pepperdine University - BS


Executive Bio

Richard Woolcott has been a director, president, and chief executive of Volcom since inception in 1991. Woolcott founded Volcom in 1991. Woolcott also served as chairman of Volcom from its inception until July, 2000. From 1989 until 1991, he worked in the marketing and promotions department of Quiksilver, an New York Stock Exchange-listed action sports company. From 1981 to 1989, he was a sponsored athlete for Quiksilver. Woolcott was inducted into the National Scholastic Surfing Assn. Hall of Fame in 2004 and was named the Surf Industry Manufacturers Assn. Individual Achiever of the Year in 2003. Woolcott was a member of the National Scholastic Surfing Assn. National Team from 1982 through 1985 and was selected as a member of the U.S. Surfing Team in 1984. He earned a BS in Business Administration from Pepperdine University.


Management Team

Key Executives

Richard R. Woolcott; Jason W. Steris; Tom D. Ruiz; Troy C. Eckert; Douglas P. Collier

Board Directors

Joseph B. Tyson; Kevin G. Wulff; Richard R. Woolcott; Woolcott, Ren? R.; Carl W. Womack; Anthony M. Palma; Douglas S. Ingram


Executive Data provided by Capital IQ