Columbia Sportswear (COLM) Tops Q3 EPS by 20c, Offers Guidance
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Columbia Sportswear Company Reports Third Quarter 2024 Financial Results; Updates Full Year 2024 Financial Outlook
October 30, 2024 4:05 PM EDTThird Quarter 2024 Highlights
Net sales decreased 5 percent (5 percent constant-currency) to $931.8 million, compared to third quarter 2023. Operating income was $112.5 million, or 12.1 percent of net sales, compared to third quarter 2023 operating income of $134.6 million, or 13.7 percent of net sales. Diluted earnings per share of $1.56, compared to third quarter 2023 diluted earnings per share of $1.70. Exited the quarter with $373.9 million of cash, cash equivalents and short-term investments and no borrowings. Repurchased $230.9 million of common stock during the first nine months of 2024. On October 24, 2024, the Board of Directors approved a $600 million... More