Columbia Sportswear (COLM) Raises Quarterly Dividend 13.3% to $0.17; 1.3% Yield
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Columbia Sportswear Company Announces Record Quarterly and Year-to-Date Results; Raises Full Year Earnings Outlook
October 29, 2015 4:05 PM EDTThird Quarter 2015 Highlights:
Net sales increased 14 percent (18 percent constant-currency) to a record $767.6 million. Gross margin expanded 100 basis points to 46.4 percent. Operating income increased 35 percent to a record $132.3 million, or 17.2 percent of net sales. Net income increased 39 percent to a record $91.1 million, or $1.28 per diluted share. The Board of Directors approved a 13 percent increase in the quarterly dividend to $0.17 per share.Fiscal Year 2015 Outlook Raised to Anticipate:
Approximately 10.5 percent net sales growth (14.5 percent constant-currency).... More