Columbia Sportswear (COLM) Tops Q1 EPS by 1c
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Columbia Sportswear Company Reports Record First Quarter
April 30, 2015 4:00 PM EDTNet Sales Grew 13 Percent; Operating Income up 24 Percent;
Net Income up 19 Percent; Raises 2015 Financial Outlook
First Quarter 2015 Highlights:
Net sales increased $54.9 million, or 13 percent, to a first-quarter record $479.0 million, including $37.1 million of incremental prAna brand sales and a 4 percentage point negative effect from changes in currency exchange rates. Operating income increased 24 percent to a first-quarter record $44.1 million. Operating margin expanded 80 basis points to 9.2 percent. Net income increased 19 percent to a first-quarter record $26.5 million, or $0.37 per diluted share.... More