Columbia Sportswear (COLM) Tops Q3 EPS by 15c
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Columbia Sportswear Company Reports Record Third Quarter and Year-to-Date 2018 Financial Results; Raises Full Year 2018 Financial Outlook; Provides Preliminary 2019 Commentary
October 25, 2018 4:05 PM EDTPORTLAND, Ore.--(BUSINESS WIRE)-- Columbia Sportswear Company (NASDAQ: COLM):
Throughout this press release, references to non-GAAP financial measures in the third quarter of 2018 exclude $6.9 million in net sales, gross profit andselling, general and administrative("SG&A") expenses associated with adoption of Accounting Standards Codification - ASC 606 (hereinafter referred to as the "new revenue accounting standard"), a $4.3 million benefit from a recovery in connection with an insurance claim ($3.3 million net of tax), $1.5 million in incremental provisional tax expense related to the Tax Cuts and Jobs Act ("TCJA") and $1.2 million in Project CONNECT... More
