EXHIBIT 99.2

Summary historical and pro forma financial data

The summary consolidated financial data set forth below of K2 should be read in conjunction with “Unaudited pro forma condensed combined financial data.” We derived the historical summary consolidated financial data for the years ended December 31, 2001, 2002 and 2003 from our consolidated financial statements which have been audited by Ernst & Young LLP. The historical results presented are not necessarily indicative of future results.

The accompanying unaudited interim information for K2 as of and for the three months ended March 31, 2003 and 2004 have been derived from our unaudited consolidated financial statements. The unaudited consolidated financial statements were prepared in accordance with accounting principles generally accepted in the U.S. and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and disclosures required by accounting principles generally accepted in the U.S. for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring accruals necessary for a fair presentation, are included. The results of operations for the three months ended March 31, 2004 for K2 may not indicate the results for the full fiscal year.

The actual unaudited consolidated statement of operations and other unaudited consolidated data for the twelve months ended March 31, 2004 are calculated by subtracting the data for the three months ended March 31, 2003 from the data for the year ended December 31, 2003 and then adding the appropriate data for the three months ended March 31, 2004. The pro forma unaudited consolidated statement of operations and other unaudited consolidated data for the twelve months ended March 31, 2004 gives effect to the acquisition of Brass Eagle, the proposed acquisitions of Völkl and Marker, the proposed offering of $200.0 million of 7 ³/8% senior notes and the proposed offering of $93.0 million of common stock. During the pro forma periods presented, K2 also completed the acquisitions of Worth, Winterquest, Fotoball, Worr, IPI and Ex Officio and has signed a definitive agreement to acquire Marmot. The results of operations of these businesses are not reflected in the unaudited pro forma data because they are not required to be reflected under the SEC’s rules and regulations.

Pro forma adjustments to the financial statements do not reflect potential cost saving opportunities, including the elimination of duplicative selling, general and administrative expenses.

The unaudited consolidated other financial data set forth below include calculations of EBITDA and pro forma EBITDA. These measures should not be construed as alternatives to our operating results or cash flows as determined in accordance with accounting principles generally accepted in the U.S. Please see footnote (d) below for further discussion of these measures.

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	Year ended December 31,									Three months ended March 31,					Twelve months ended March 31,
(Dollars in thousands)	2001(a)			2002			2003			2003		2004			2004			2004
															(actual)			(pro forma)(f)
Statement of operations data:
Net sales	$	589,519		$	582,159		$	718,539		$	157,120	$	277,364		$	838,783		$	1,086,709
Cost of products sold		429,338			411,620			498,620			109,976		190,731			579,375			726,185
Gross profit		160,181			170,539			219,919			47,144		86,633			259,408			360,524
Selling, general and administrative expenses		158,900			143,256			187,867			38,390		67,111			216,588			298,798
Operating income		1,281			27,283			32,052			8,754		19,522			42,820			61,726
Interest expense		13,631			8,966			9,950			1,794		3,302			11,458			27,533
Debt extinguishment costs(b)		—			—			6,745			6,745		—			—			—
Other (income) expense, net(c)		(375	)		(253	)		(2,218	)		4		(53	)		(2,275	)		(2,216	)
Income (loss) from operations before provision (credit) for income taxes		(11,975	)		18,570			17,575			211		16,273			33,637			36,409
Provision (credit) for income taxes		(4,271	)		6,500			6,151			74		5,533			11,610			12,652
Net income (loss)	$	(7,704	)	$	12,070		$	11,424		$	137	$	10,740		$	22,027		$	23,757
Basic earnings (loss) per share of common stock	$	(0.43	)	$	0.67		$	0.46		$	0.01	$	0.31		$	0.75		$	0.59
Diluted earnings (loss) per share of common stock	$	(0.43	)	$	0.67		$	0.44		$	0.01	$	0.27		$	0.65		$	0.53
Basic shares outstanding of common stock		17,940			17,941			24,958			18,262		34,353			29,233			40,068
Diluted shares outstanding of common stock		17,940			17,994			28,750			18,471		43,099			36,288			47,670
Cash flow data:
Net cash provided by operations	$	15,633		$	21,264		$	32,668		$	4,034	$	6,477		$	35,111			31,260
Net cash used in investing activities		15,941			9,004			41,170			1,247		4,891			44,814			76,940
Net cash provided by (used in) financing activities		8,550			(12,448	)		18,530			2,702		(3,056	)		12,772			187,169
Depreciation of property, plant & equipment		13,525			13,237			15,518			3,320		4,779			16,977			23,803
Amortization of intangibles		2,397			688			1,405			42		690			2,053			2,053
Other data:
EBITDA(d)	$	17,578		$	41,461		$	51,193		$	12,112	$	25,044		$	64,125		$	89,798
Capital expenditures		12,604			8,281			20,759			2,135		6,782			25,406			29,821

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	Twelve months ended March 31, 2004
	(actual)	(pro forma)(f)
Selected ratios (unaudited):
Earnings to fixed charges(e)	3.7x	2.3x
EBITDA to interest expense	5.6x	3.3x
Total debt to EBITDA	3.3x	3.8x

(Dollars in thousands)	March 31, 2004
	(actual)		(pro forma)(f)
Balance sheet data (at end of period):
Cash	$	19,786	$	130,244	(g)
Working capital		306,995		523,347
Total assets		882,627		1,175,732
Total debt		209,209		338,948
Shareholders’ equity		465,760		582,513

(a) Operating income and net loss include downsizing costs totaling $18,000 ($11,700 net of taxes) of which $15,650 was charged to cost of goods sold and $2,350 was charged to selling, general and administrative expenses.

(b) Represents $4,667 of a make-whole premium and $2,078 for the write-off of capitalized debt costs.

(c) For the year ended December 31, 2003, the twelve months ended March 31, 2004 (actual) and the twelve months ended March 31, 2004 (pro forma), other income includes a $2,222 gain related to the sale of the composite utility and decorative light poles product lines.

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(d) EBITDA represents net income (loss) before interest expense, income taxes, depreciation and amortization. EBITDA is not a recognized term under GAAP and EBITDA does not represent net income or cash flows from operations, as these terms are defined under GAAP, and should not be considered an alternative to net income as an indicator of our operating performance or to cash flows as a measure of liquidity. Additionally, EBITDA is not intended to be a measure of free cash flow available for management or discretionary use, as such measure does not consider certain cash requirements such as capital expenditures, tax payments and debt service requirements. We present EBITDA because we believe that EBITDA provides useful information regarding our ability to service and/or incur indebtedness. EBITDA as presented herein is not necessarily comparable to similarly titled measures reported by other companies. EBITDA is calculated as follows:

	Year ended December 31,									Three months ended March 31,						Twelve months ended March 31,
(Dollars in thousands)	2001			2002			2003			2003			2004			2004			2004(f)
																(actual)			(pro forma)
EBITDA	$	17,578		$	41,461		$	51,193		$	12,112		$	25,044		$	64,125		$	89,798
Add (subtract):
Provision for income taxes		4,271			(6,500	)		(6,151	)		(74	)		(5,533	)		(11,610	)		(12,652	)
Interest expense(1)		(13,631	)		(8,966	)		(16,695	)		(8,539	)		(3,302	)		(11,458	)		(27,533	)
Depreciation		(13,525	)		(13,237	)		(15,518	)		(3,320	)		(4,779	)		(16,977	)		(23,803	)
Amortization of intangibles		(2,397	)		(688	)		(1,405	)		(42	)		(690	)		(2,053	)		(2,053	)
Net income (loss)		(7,704	)		12,070			11,424			137			10,740			22,027			23,757
Add (subtract):
Gain on sale of operating division		—			—			(2,222	)		—			—			(2,222	)		(2,222	)
Depreciation		13,525			13,237			15,518			3,320			4,779			16,977			23,803
Amortization of intangibles		2,397			688			1,405			42			690			2,053			2,053
Amortization of deferred debt costs		286			632			3,249			2,272			604			1,581			1,581
Deferred income taxes		(3,298	)		(2,135	)		2,980			(2,008	)		4,489			9,477			9,813
Long-term pension liabilities		(244	)		8,828			(1,380	)		—			—			(1,380	)		(1,380	)
Changes in operating assets		10,671			(12,056	)		1,694			271			(14,825	)		(13,402	)		(26,145	)
Net cash provided by operations	$	15,633		$	21,264		$	32,668		$	4,034		$	6,477		$	35,111		$	31,260

(1) Interest expense for the year ended December 31, 2003 and the three months ended March 31, 2003 includes $6,745 of debt extinguishment costs.

(e) Ratio of earnings to fixed charges is calculated by dividing earnings (earnings from operations before taxes, adjusted for fixed charges from operations), by fixed charges from operations for the periods indicated. Fixed charges from operations include (i) interest expense and amortization of debt discount or premium on all indebtedness, and (ii) a reasonable approximation of the interest factor deemed to be included in rental expense.

(f) The historical statement of operations, cash flow and other data for the twelve months ended March 31, 2004 has been prepared based upon K2’s historical audited statements of operations and cash flow for the twelve months ended December 31, 2003, and by adding thereto K2’s unaudited results of operations for the three months ended March 31, 2004 and subtracting therefrom K2’s unaudited results of operations for the three months ended March 31, 2003. The pro forma statement of operations, cash flow and other data for the twelve months ended March 31, 2004 has been prepared based upon K2’s unaudited pro forma condensed combined statement of operations for the fiscal year ended December 31, 2003 (See “Unaudited pro forma condensed combined financial data”), and by adding thereto K2’s unaudited results of operations for the three months ended March 31, 2004 and subtracting therefrom K2’s unaudited results of operations for the three months ended March 31, 2003 and the unaudited results of operations of Rawlings and Brass Eagle for the three months ended March 31, 2003 that were included in the pro forma condensed combined statement of operations for the fiscal year ended December 31, 2003. The unaudited pro forma condensed combined balance sheet as of March 31, 2004 has been prepared by giving effect to the proposed acquisitions of Völkl and Marker, this offering and the proposed common stock offering as though they had been consummated on that date.

(g) The pro forma cash and cash equivalents amount does not include $52,700 that we expect to spend in connection with the acquisition of Marmot, including repayment of debt and transaction related expenses. We may use a portion of this cash to repay some or all of the existing bank indebtedness of Völkl and Marker.

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