Columbia Sportswear (COLM) Declares $0.17 Quarterly Dividend; 1.1% Yield

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Columbia Sportswear Company Reports Record First Quarter; Net Income Increases 20 Percent on 10 Percent Net Sales Growth

April 28, 2016 4:06 PM EDT

First Quarter 2016 Highlights:

Net sales increased 10 percent (12 percent constant-currency) to a first-quarter record $525.1 million. Operating income hit a first-quarter record of $44.3 million, or 8.4 percent of net sales. Net income increased 20 percent to a first-quarter record $31.8 million, or $0.45 per diluted share, aided by a tax benefit of $4.1 million, or $0.06 per diluted share, from the adoption of a newly issued accounting standard. The board of directors approved a regular quarterly dividend of $0.17 per share, payable on June 2, 2016 to shareholders of record on May 19, 2016.

Fiscal Year 2016 Outlook... More