Columbia Sportswear (COLM) Tops Q4 EPS by 61c
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Columbia Sportswear Company Reports Record Fourth Quarter and Full Year 2021 Financial Results; Provides Full Year 2022 Financial Outlook; Board Approves 15 Percent Dividend Increase
February 3, 2022 4:05 PM ESTFourth Quarter 2021 Highlights
Net sales increased 23 percent to a record $1,129.7 million, compared to fourth quarter 2020. Operating income increased 71 percent to a record $211.6 million, or 18.7 percent of net sales, compared to fourth quarter 2020 operating income of $123.7 million, or 13.5 percent of net sales. Diluted earnings per share increased 66 percent to a record $2.39, compared to $1.44 in fourth quarter 2020. Exited the quarter with $894.5 million in cash and short-term investments and no borrowings. On January 28, 2022, the Board of Directors approved a 15 percent increase to the quarterly dividend to $0.30 per... More