Footwear, apparel and accessories manufacturer The Timberland Company has reported first quarter net income of $29.2 million compared with $42.2 million in the first quarter of 2005.

First quarter revenue decreased 1.2% from strong prior-year results to $349.8 million as constant dollar growth in international markets and gains in the US were offset by foreign exchange impacts. On a constant dollar basis, first quarter revenues expanded 2.4%. US revenue grew 1.7%, benefiting from Timberland's recent acquisition of SmartWool and from gains in targeted expansion categories such as the Timberland PRO series, outdoor performance and casual which offset anticipated declines in boot sales.

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