Maker of athletic
1020 Hull St.
Baltimore, MD 21230
Chairman and CEO: Kevin Plank
Stock Symbol: UA
Under Armour is the originator of performance
apparel - gear engineered to keep athletes cool, dry and light
throughout the course of a game, practice or workout. The technology
behind Under Armour's diverse product assortment for men, women
and youth is complex, but the program for reaping the benefits
is simple: wear HeatGear when it's hot, ColdGear when it's cold,
and AllSeasonGear between the extremes.
Under Armour t-shirts feature technology
that help provide compression and wick perspiration off the skin
instead of absorbing it.
The company's products include clothing,
shoes and accessories and are sold worldwide and worn by professional
football, baseball, and soccer players, as well as athletes in
major collegiate and Olympic sports.
Net revenues for 2015 increased 28% to $3.96 billion. Apparel net revenues increased 22% to $2.80 billion and footwear net revenues increased 57% to $638 million. Net income for the company was $232.5 million.
The Under Armour global headquarters is located in Baltimore, with European headquarters in Amsterdam's Olympic Stadium, and additional offices in Denver, Hong Kong, Toronto, and Guangzhou, China.
Under Armour's wholly owned subsidiary, MapMyFitness, powers one of the world's largest Connected Fitness communities.
The company has a multi-year endorsement deal with New England Patriots' QB Tom Brady and signed a deal in 2013 with NBA MVP Stephen Curry of the Golden State Warriors.
Kevin Plank, Chairman and CEO of Under Armour, Inc., said, "Our core business remains incredibly strong and our 31% net revenue growth in the fourth quarter is clear evidence of the continued expansion in the breadth and depth of our Brand. We delivered our 25th consecutive quarter of more than 20% net revenues growth in our largest product category of apparel. Moreover, we continued to diversify our product offering and geographic reach, driving significant market share gains in key strategic areas like basketball footwear, while better meeting the needs of the global athlete with investments in our global Brand House stores and e-commerce sites helping drive 70% growth in international. With our continued investments across people, systems, and digital, we are confident in our ability to build upon this tremendous momentum, reinforcing our belief that we are just getting started in becoming the next great global brand."
The company was founded in 1966 by former
University of Maryland football player Kevin Plank who is Chairman
Plank was a special teams captain of the
University of Maryland football team. Tired of repeatedly changing
the cotton T-shirt under his jersey as it became wet and heaving
during the course of a game, Mr. Plank set out to develop a next
generation shirt that would remain drier and lighter.
The company went public in 2005.
The company acquired MapMyFitness in 2013.
In January 2015, the Company completed its acquisition of Endomondo for a purchase price of $85 million.
* Employer-paid Medical premiums
* Business casual work environment
* Free parking
* Daycare and gym facilities in business park
* Substantial employee discount.
Updated January 31, 2016