Columbia Sportswear (COLM) Tops Q4 EPS by 35c, FY Guidance Beats
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Columbia Sportswear Company Reports Record Fourth Quarter and Full Year 2018 Financial Results; Provides 2019 Financial Outlook; Announces $200 Million Increase in Stock Repurchase Authorization
February 7, 2019 4:05 PM ESTPORTLAND, Ore.--(BUSINESS WIRE)-- Columbia Sportswear Company (NASDAQ: COLM):
Throughout this press release, references to non-GAAP financial measures in fourth quarter 2018 exclude $18.3 million in net sales, gross profit and selling, general and administrative ("SG&A") expenses associated with adoption of Accounting Standards Codification - ASC 606 (hereinafter referred to as the new revenue accounting standard or "ASC 606"), $2.4 million in incremental income tax expense related to the Tax Cuts and Jobs Act (TCJA) and $1.7 million in Project CONNECT expenses and discrete costs ($1.3 million net of tax). References to non-GAAP financial measures in fourth quarter 2017 exclude $95.6... More
