Performance apparel and accessories, prescription eyewear, footwear, watches and electronics producer Oakley has posted record financial results for its first quarter ended March 31, 2006.

Net sales increased 7%, to a first quarter record of $151.7 million compared with $141.8 million in the same period of 2005. Net income for the first quarter totalled $1.9 million, compared with net income of $10 million in 2005.

However, first quarter net sales of Oakley apparel, footwear and accessories totalled $36.8 million, a decline of 8% compared with net sales of $40.3 million in the first quarter of 2005.