Columbia Sportswear (COLM) Tops Q1 EPS by 45c, Announces Guidance

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Go back to Columbia Sportswear (COLM) Tops Q1 EPS by 45c, Announces Guidance

Columbia Sportswear Company Reports First Quarter 2021 Financial Results and Raises Full Year 2021 Financial Outlook

April 29, 2021 4:05 PM EDT

First 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