Columbia Sportswear (COLM) Tops Q4 EPS by 16c
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Columbia Sportswear Company Reports Fourth Quarter, Full Year 2017 Financial Results and 2018 Financial Outlook
February 8, 2018 4:05 PM ESTPORTLAND, Ore.--(BUSINESS WIRE)-- Columbia Sportswear Company (NASDAQ: COLM):
Fourth Quarter 2017 Financial Summary
Record net sales of $776.0 million, an 8 percent increase compared to the fourth quarter of 2016. Record gross margin of 47.9 percent, compared to 47.1 percent in the prior year. Fourth quarter 2017 non-GAAP financial measures exclude Project CONNECT program expenses and discrete costs of approximately $6.3 million, $3.9 million net of tax, or $0.05 per diluted share, and Tax Cuts and Jobs Act (TCJA) related income tax expense of $95.6 million, or $1.36 per... More