Columbia Sportswear (COLM) Tops Q1 EPS by 45c, Announces Guidance
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Columbia Sportswear Company Reports First Quarter 2021 Financial Results and Raises Full Year 2021 Financial Outlook
April 29, 2021 4:05 PM EDTFirst Quarter 2021 Highlights
Net sales increased 10 percent to $625.6 million, compared to first quarter 2020. Operating income of $70.5 million, or 11.3 percent of net sales, compared to first quarter 2020 operating loss of $2.0 million, or (0.3) percent of net sales. Diluted earnings per share of $0.84, compared to break even diluted earnings per share in first quarter 2020. Exited the quarter with $874.6 million in cash and short-term investments and no borrowings. The Company repurchased $11.2 million of common stock during the quarter. On April 23, 2021, the Board of Directors approved a regular quarterly dividend... More