Columbia Sportswear (COLM) Tops Q3 EPS by 22c
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Columbia Sportswear Company Reports Third Quarter and First Nine Months 2021 Financial Results; Updates Full Year 2021 Financial Outlook and Provides Preliminary 2022 Commentary
October 28, 2021 4:05 PM EDTFinancial Highlights
Third quarter 2021 net sales increased 15 percent to $804.7 million, compared to third quarter 2020. Third quarter 2021 operating income increased 56 percent to $133.5 million, or 16.6 percent of net sales, compared to third quarter 2020 operating income of $85.6 million, or 12.2 percent of net sales. Third quarter 2021 diluted earnings per share increased 62 percent to $1.52, compared to $0.94 in third quarter 2020. Exited the quarter with $600.6 million in cash and short-term investments and no borrowings. The Company repurchased $127.2 million of common stock in the first nine months of 2021. On October 22, 2021, the... More