Bauer Performance Sports Ltd. (TSX:BAU) ("BPS"), a leading developer and
manufacturer of high performance sports equipment and apparel, reported
financial results for its fiscal second quarter and six months ended November
30, 2013. All figures are in U.S. dollars.


Fiscal Q2 2014 Financial Highlights vs. Year-Ago



--  Revenues up 7% to a record $117.1 million (up 9% in constant currency) 
--  Apparel revenues up 60% (lifestyle apparel up 28%; off-ice team apparel
    up 21%) 
--  Lacrosse revenues up 14% due to strong consumer reception of the CASCADE
    "R" helmet 
--  Adjusted Net Income increased 3% to a record $7.5 million or $0.20 per
    share 



Management Commentary

"Strong global demand for our products, consistent execution in sales and
marketing, and the strength of our operational platform drove another quarter of
record revenues and profitability," said Kevin Davis, President and CEO of Bauer
Performance Sports. "In our hockey business, we continued to see strong
sell-through of our products while overall inventory levels at retail continue
to improve. We believe our second quarter results further validate our
multi-sport growth strategy and our ability to deliver strong results in a
challenging retail environment.


"Looking ahead, we believe our global operational model will provide a strong
platform for organic growth as we also pursue an acquisition strategy designed
to advance Bauer Performance Sports as one of the world's leading developers of
high performance sports equipment and apparel. We are enthusiastic about our
growing pipeline of opportunities and fiscal 2014 is on track to be another year
of record top and bottom-line performance, even in the face of recent currency
headwinds."


Fiscal Q2 2014 Financial Results

Revenues in the fiscal second quarter of 2014 increased 7% to $117.1 million
compared to $109.6 million in the same year-ago quarter. On a constant currency
basis, revenues were up 9%. The increase was primarily due to strong growth
across all apparel categories, the addition of Combat, and a 14% increase in
lacrosse revenues. Apparel revenues increased 60% in the quarter due to the
addition of hockey and soccer uniform sales, as well as a 28% increase in
lifestyle apparel and a 21% increase in off-ice team apparel. 


Adjusted Gross Profit (a non-IFRS measure) in the second quarter was virtually
unchanged at $39.6 million. As a percentage of revenues, Adjusted Gross Profit
was 33.8% compared to 36.2% in the year-ago quarter. The decrease in adjusted
gross margin was primarily due to significant growth in the company's team
business, particularly uniforms which initially carry a lower gross margin as
capacity builds, and higher freight costs required to meet customer demand (see
"Non-IFRS Measures" below for further discussion).


Selling, general and administrative ("SG&A") expenses in the second quarter
increased 11% to $27.3 million compared to $24.6 million in the year-ago
quarter, primarily due to the addition of Combat and the inclusion of a full
quarter of Inaria expenses. As a percentage of revenues and excluding
acquisition-related charges, costs related to share offerings and share-based
payment expense, SG&A expenses remained relatively unchanged at 20.5% compared
to 20.0% in the year-ago quarter.


Adjusted Net Income (a non-IFRS measure) in the second quarter increased 3% to
$7.5 million, or $0.20 per diluted share, compared to Adjusted Net Income of
$7.3 million, or $0.20 per diluted share, in the second quarter of 2013,
demonstrating the ability of the company's diversified platform to deliver
strong results.


At November 30, 2013, working capital was $222.2 million compared to $215.1
million one year ago, primarily due to the addition of Combat working capital,
and total debt was $152.4 million compared to $173.9 million at November 30,
2012. The company's leverage ratio, defined as average net indebtedness divided
by trailing twelve month EBITDA (a non-IFRS measure), continued to decline and
stood at 2.67x as of November 30, 2013 compared to 2.69x one year ago. 


Fiscal Q2 2014 Operational Highlights



--  BauerWorld 2014 - the company's largest and industry-leading event with
    more than 600 attendees from around the world - expanded beyond hockey
    to include all brands across the BPS platform: BAUER (ice and roller
    hockey), MISSION (roller hockey), MAVERIK and CASCADE (lacrosse), COMBAT
    (baseball and softball), and INARIA (soccer). Key retail partners across
    these sports were provided with the advanced opportunity to see and try
    products that will be available at retail beginning spring 2014. 
--  BPS and Cocona Natural Technologies unveiled 37.5(TM) technology for
    hockey. The advanced, fast-drying moisture management process will debut
    in BAUER's hockey base layer, training apparel and protective equipment
    in spring 2014. 
--  BPS entered into a multi-year, exclusive partnership with G-Form LLC, a
    recognized leader in the design and development of impact protection for
    elite athletes and consumer products. The partnership will utilize
    patented technologies developed by both companies to launch FLEXORB, an
    innovative new material to be used in numerous protective products
    across the BPS platform. 



Six Month Fiscal 2014 Financial Results

Revenues in the first six months of fiscal 2014 increased 5% to $271.1 million
compared to $257.9 million in the same period a year ago. On a constant currency
basis, revenues were up 6%.


Adjusted Gross Profit (a non-IFRS measure) in the first six months was virtually
unchanged at $101.1 million. As a percentage of revenues, Adjusted Gross Profit
was 37.3% compared to 39.0% in the year-ago period. 


SG&A expenses increased 12% to $53.3 million compared to $47.7 million in the
same period a year ago. As a percentage of revenues, and excluding
acquisition-related charges and share-based payment expense, SG&A was 17.4%
compared to 16.6% of revenues in the same period a year ago.


Adjusted Net Income (a non-IFRS measure) in the first six months of 2014
increased 2% to $30.7 million, or $0.83 per diluted share, compared to $30.2
million, or $0.84 per diluted share, in the first six months of fiscal 2013.


Conference Call

BPS will hold a conference call tomorrow, January 14, 2014, at 10:00 a.m.
Eastern time to discuss its fiscal second quarter 2014 results. 


BPS President and CEO Kevin Davis and CFO Amir Rosenthal will host the
conference call, followed by a question and answer period.




Date: Tuesday, January 14, 2014                                             
Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)                      
Dial-in number: 1-877-941-1427                                              
International dial-in number: 1-480-629-9664                                
Conference ID: 4656469                                                      



Please call the conference telephone number 5-10 minutes prior to the start
time. An operator will register your name and organization. If you have any
difficulty connecting with the conference call, please contact Liolios Group at
1-949-574-3860.


The conference call will be broadcast live and available for replay at
http://public.viavid.com/index.php?id=107259 and via the Investors section at
www.bauerperformancesports.com.


A replay of the conference call will be available after 1:00 p.m. Eastern time
on the same day through January 28, 2014.




Toll-free replay number: 1-877-870-5176                                     
International replay number: 1-858-384-5517                                 
Replay ID: 4656469                                                          



About Bauer Performance Sports Ltd.

Bauer Performance Sports Ltd. (TSX:BAU) is a leading developer and manufacturer
of ice hockey, roller hockey, lacrosse, baseball and softball equipment, as well
as related apparel. The company has the most recognized and strongest brand in
the ice hockey equipment industry, and holds the top market share position in
both ice and roller hockey. Its products are marketed under the BAUER, MISSION,
MAVERIK, CASCADE, INARIA and COMBAT brand names and are distributed by sales
representatives and independent distributors throughout the world. Bauer
Performance Sports is focused on building its leadership position and growing
market share in all product categories through continued innovation at every
level. For more information, please visit www.bauerperformancesports.com.


Non-IFRS Measures

Adjusted Gross Profit, Adjusted EBITDA, Adjusted Net Income, and Adjusted EPS
are non-IFRS measures. Adjusted Gross Profit is defined as gross profit plus the
following expenses which are part of cost of goods sold: (i) amortization and
depreciation of intangible assets, (ii) non-cash charges to cost of goods sold
resulting from fair market value adjustments to inventory as a result of
business acquisitions, (iii) reserves established to dispose of obsolete
inventory acquired from acquisitions and (iv) other one-time or non-cash items.
Adjusted EBITDA is defined as EBITDA (net income adjusted for income tax
expense, depreciation and amortization, losses related to amendments to the
credit facility, gain or loss on disposal of fixed assets, net interest expense,
deferred financing fees, unrealized gains/losses on derivative instruments, and
realized and unrealized gains/losses related to foreign exchange revaluation)
before restructuring and other one-time or non-cash charges associated with
acquisitions, other one-time or non-cash items, pre-initial public offering
sponsor fees, costs related to share offerings, as well as share-based payment
expenses. Adjusted Net Income/Loss is defined as net income adjusted for all
unrealized gains/losses related to derivative instruments and unrealized
gains/losses related to foreign exchange revaluation, non-cash or incremental
charges associated with acquisitions, amortization of acquisition-related
intangible assets for acquisitions since the company's initial public offering,
costs related to share offerings, share-based compensation expense and other
non-cash or one-time items. Adjusted EPS is defined as Adjusted Net Income/Loss
divided by the weighted average diluted shares outstanding.


Reconciliations of these non-IFRS measures to the relevant reported results can
be found in the tables at the end of this press release and in the company's
MD&A for the second quarter.


Caution Regarding Forward-Looking Statements

This press release includes forward-looking statements within the meaning of
applicable securities laws, including with respect to the company's global
operational model providing a strong platform for organic growth, the successful
pursuit of an acquisition strategy designed to advance the company as one of the
world's leading developers of high performance sports equipment and apparel, and
the company achieving record top and bottom line performance for the remainder
of fiscal 2014. Forward-looking statements relate to analyses and other
information that are based on forecasts of future results and estimates of
amounts not yet determinable. The words "may", "will", "would", "should",
"could", "expects", "plans", "intends", "trends", "indications", "anticipates",
"believes", "estimates", "predicts", "likely" or "potential" or the negative or
other variations of these words or other comparable words or phrases, are
intended to identify forward-looking statements.


Forward-looking statements, by their nature, are based on assumptions, including
those described herein and are subject to important risks and uncertainties.
Many factors could cause our actual results to differ materially from those
expressed or implied by the forward-looking statements, including, without
limitation, the following factors: inability to introduce new and innovative
products, intense competition in the equipment and apparel industries, inability
to introduce technical innovation, inability to protect worldwide intellectual
property rights and related litigation, inability to translate booking orders
into realized sales, inability to successfully integrate recent acquisitions,
decrease in ice hockey, roller hockey and/or lacrosse participation rates,
adverse publicity, reduction in popularity of the NHL and other professional
leagues in which our products are used, inability to maintain and enhance
brands, reliance on third party suppliers and manufacturers, disruption of
distribution chain or loss of significant customers or suppliers, cost of raw
materials and shipping freight and other cost pressures, a change in the mix or
timing of orders placed by customers, inability to forecast demand for products,
inventory shrinkage or excess inventory, product liability claims and lawsuits,
product recalls, compliance with standards of testing and athletic governing
bodies, departure of senior executives or other key personnel, litigation and
related matters, employment or union related matters, fluctuations in the value
of certain foreign currencies in relation to the U.S. dollar, inability to
manage foreign exchange derivative instruments, general economic and market
conditions, changes in consumer preferences and the difficulty in anticipating
or forecasting those changes, natural disasters, as well as the factors
identified in the "Risk Factors" section of Bauer's Annual Information Form
dated August 27, 2013 available on SEDAR at www.sedar.com.


Furthermore, unless otherwise stated, the forward-looking statements contained
in this press release are made as of the date of this press release, and we have
no intention and undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as required by law.




                        BAUER PERFORMANCE SPORTS LTD.                       
 CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION (UNAUDITED)
                  (Expressed in thousands of U.S. dollars)                  
                                                                            
                                                       As of          As of 
                                                November 30,        May 31, 
                                                        2013           2013 
                                              ------------------------------
ASSETS                                                                      
Current assets:                                                             
  Cash                                         $       3,675  $       4,467 
  Trade and other receivables                        165,859        113,682 
  Inventories                                         78,656        109,747 
  Income taxes recoverable                             1,132          1,966 
  Foreign currency forward contracts                   4,523          4,513 
  Prepaid expenses and other assets                    4,630          3,084 
                                              ------------------------------
Total current assets                                 258,475        237,459 
                                                                            
Property, plant and equipment                          9,877         10,509 
Goodwill and intangible assets                       150,455        152,644 
Foreign currency forward contracts                       282          1,119 
Other non-current assets                               3,114            721 
Deferred income taxes                                  3,529          4,985 
                                              ------------------------------
TOTAL ASSETS                                   $     425,732  $     407,437 
                                              ------------------------------
                                              ------------------------------
                                                                            
LIABILITIES                                                                 
Current liabilities:                                                        
  Debt                                         $       8,058  $      10,774 
  Trade and other payables                            22,318         22,548 
  Accrued liabilities                                 29,673         25,672 
  Provisions                                           4,535          2,041 
  Income taxes payable                                 5,818            989 
  Retirement benefit obligations                         351            358 
                                              ------------------------------
Total current liabilities                             70,753         62,382 
                                                                            
Debt                                                 144,330        160,913 
Provisions                                               108            383 
Retirement benefit obligations                         5,367          5,522 
Other non-current liabilities                            220            879 
Deferred income taxes                                    897            918 
                                              ------------------------------
TOTAL LIABILITIES                                    221,675        230,997 
                                                                            
EQUITY                                                                      
  Share capital                                      145,821        141,397 
  Contributed surplus                                 10,590          9,562 
  Retained earnings                                   51,736         27,037 
  Accumulated other comprehensive loss                (4,090)        (1,556)
                                              ------------------------------
TOTAL EQUITY                                         204,057        176,440 
                                                                            
                                              ------------------------------
TOTAL LIABILITIES & EQUITY                     $     425,732  $     407,437 
                                              ------------------------------
                                              ------------------------------
                                                                            
                        BAUER PERFORMANCE SPORTS LTD.                       
      CONDENSED CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE INCOME     
                                 (UNAUDITED)                                
     (Expressed in thousands of U.S. dollars, except per share amounts)     
                                                                            
                               For the three months      For the six months 
                                              ended                   ended 
                                       November 30,            November 30, 
                            ------------------------------------------------
                                   2013        2012        2013        2012 
                            ------------------------------------------------
                            ------------------------------------------------
                                                                            
Revenues                     $  117,094  $  109,609  $  271,080  $  257,907 
Cost of goods sold               79,136      71,195     173,383     159,219 
                            ------------------------------------------------
                            ------------------------------------------------
                                                                            
Gross profit                     37,958      38,414      97,697      98,688 
                                                                            
Selling, general and                                                        
 administrative expenses         27,329      24,598      53,309      47,699 
Research and development                                                    
 expenses                         4,215       4,010       8,378       7,530 
                            ------------------------------------------------
                                                                            
Income before finance costs,                                                
 finance income, other                                                      
 expenses and income tax                                                    
 expense                          6,414       9,806      36,010      43,459 
                                                                            
Finance costs                     3,059       2,784       4,486       9,838 
Finance income                   (1,699)     (2,330)     (3,795)        (88)
Other expenses                       48          57          27          68 
                            ------------------------------------------------
                                                                            
Income before income tax                                                    
 expense                          5,006       9,295      35,292      33,641 
                                                                            
Income tax expense                1,563       3,229      10,593      11,584 
                                                                            
                            ------------------------------------------------
Net income                   $    3,443  $    6,066  $   24,699  $   22,057 
                                                                            
Other comprehensive income                                                  
 (loss):                                                                    
                                                                            
  Items that may be                                                         
   reclassified to net                                                      
   income:                                                                  
    Foreign currency                                                        
     translation differences          3         (44)     (2,546)      3,054 
                                                                            
  Items that will not be                                                    
   subsequently reclassified                                                
   to net income:                                                           
    Actuarial gains (losses)                                                
     on defined benefit                                                     
     plans, net                       -           -          12         (38)
                            ------------------------------------------------
Other comprehensive income                                                  
 (loss), net of taxes                 3         (44)     (2,534)      3,016 
                                                                            
                            ------------------------------------------------
Total comprehensive income   $    3,446  $    6,022  $   22,165  $   25,073 
                            ------------------------------------------------
                            ------------------------------------------------
                                                                            
Basic earnings per common                                                   
 share                       $     0.10  $     0.18  $     0.70  $     0.65 
                            ------------------------------------------------
                            ------------------------------------------------
Diluted earnings per common                                                 
 share                       $     0.09  $     0.16  $     0.67  $     0.61 
                            ------------------------------------------------
                            ------------------------------------------------
                                                                            
                        BAUER PERFORMANCE SPORTS LTD.                       
           RECONCILIATION OF GROSS PROFIT TO ADJUSTED GROSS PROFIT          
                   (Expressed in millions of U.S. dollars)                  
                                                                            
                                  Three Months Ended        Six Months Ended
                                        November 30,            November 30,
                                    2013        2012        2013        2012
                            ------------------------------------------------
                             (Unaudited) (Unaudited) (Unaudited) (Unaudited)
                                                                            
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Gross profit                  $     38.0  $     38.4  $     97.7  $     98.7
----------------------------------------------------------------------------
                                                                            
Amortization & depreciation                                                 
 of intangible assets                0.9         1.0         1.8         1.7
Inventory step-up / step-                                                   
 down & reserves                     0.5         0.3         0.9         0.3
Other                                0.2           -         0.7           -
                                                                            
----------------------------------------------------------------------------
Adjusted Gross Profit         $     39.6  $     39.7  $    101.1  $    100.7
----------------------------------------------------------------------------
                                                                            
                        BAUER PERFORMANCE SPORTS LTD.                       
    RECONCILIATION OF NET INCOME (LOSS) TO EBITDA AND TO ADJUSTED EBITDA    
                   (Expressed in millions of U.S. dollars)                  
                                                                            
                                  Three Months Ended        Six Months Ended
                                        November 30,            November 30,
                                    2013        2012        2013        2012
                             -----------------------------------------------
                             (Unaudited) (Unaudited) (Unaudited) (Unaudited)
                                                                            
----------------------------------------------------------------------------
Net income                    $      3.4  $      6.1  $     24.7  $     22.1
----------------------------------------------------------------------------
                                                                            
Income tax expense (benefit)         1.6         3.2        10.6        11.6
Depreciation & amortization          2.2         2.1         4.4         3.8
Loss on amendment of                                                        
 revolving loan                        -           -           -         0.3
Interest expense, net                1.3         1.8         3.0         3.8
Deferred financing fees              0.4         0.3         0.7         0.7
Unrealized (gain)/loss on                                                   
 derivative instruments, net         1.3        (2.0)        0.7         4.7
Foreign exchange (gain)/loss        (0.4)       (0.3)       (1.0)          -
                             -----------------------------------------------
  EBITDA                      $      9.8  $     11.2  $     43.1  $     47.0
                                                                            
Acquisition Related Charges:                                                
Inventory step-up / step-down                                               
 & reserves                          0.5         0.3         0.9         0.3
Rebranding / integration                                                    
 costs                               0.5         0.7         1.9         1.4
Acquisition costs                    1.2         0.9         1.8         2.0
                             -----------------------------------------------
  Subtotal                    $      2.2  $      1.9  $      4.6  $      3.7
                                                                            
Costs related to share                                                      
 offerings                           0.4         0.4         0.4         0.4
                                                                            
Share-based payment expense          1.3         0.7         1.9         1.0
                                                                            
Other                                0.2           -         0.7           -
                                                                            
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Adjusted EBITDA               $     13.9  $     14.2  $     50.7  $     52.1
----------------------------------------------------------------------------
                                                                            
                        BAUER PERFORMANCE SPORTS LTD.                       
  RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED NET INCOME (LOSS) AND TO  
                                ADJUSTED EPS                                
 (Expressed in millions of U.S. dollars, except share and per share amounts)
                                                                            
                               Three Months Ended          Six Months Ended 
                                     November 30,              November 30, 
                                2013         2012         2013         2012 
                        ----------------------------------------------------
                         (Unaudited)  (Unaudited)  (Unaudited)  (Unaudited) 
                                                                            
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Net income               $       3.4  $       6.1  $      24.7  $      22.1 
----------------------------------------------------------------------------
                                                                            
Unrealized foreign                                                          
 exchange loss / (gain)          1.5         (2.1)         0.3          4.7 
Costs related to share                                                      
 offerings                       0.4          0.4          0.4          0.4 
Acquisition-related                                                         
 charges                         2.8          2.4          5.9          4.6 
Share-based payment                                                         
 expense                         1.3          0.7          1.9          1.0 
Other                            0.2            -          0.7          0.3 
                                                                            
Tax impact on above                                                         
 items                          (2.1)        (0.2)        (3.2)        (2.9)
                                                                            
----------------------------------------------------------------------------
Adjusted Net Income      $       7.5  $       7.3  $      30.7  $      30.2 
----------------------------------------------------------------------------
                                                                            
Average diluted shares                                                      
 outstanding              37,292,366   36,873,322   36,887,031   36,019,427 
                                                                            
----------------------------------------------------------------------------
Adjusted EPS             $      0.20  $      0.20  $      0.83  $      0.84 
----------------------------------------------------------------------------



FOR FURTHER INFORMATION PLEASE CONTACT: 
Bauer Performance Sports Ltd.
Amir Rosenthal
Chief Financial Officer
1-603-610-5802
investors@bauerperformancesports.com


Investor Relations: Liolios Group Inc.
Scott Liolios or Cody Slach
1-949-574-3860
BAU@liolios.com


Media Contact: Bauer Performance Sports Ltd.
Tory Mazzola
Global Communications Manager
1-603-430-2111
media@bauerperformancesports.com
www.bauerperformancesports.com

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