Columbia Sportswear (COLM) Tops Q2 EPS by 24c
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Columbia Sportswear Company Reports Record Second Quarter and First Half 2018 Financial Results; Raises Full Year 2018 Financial Outlook
July 26, 2018 4:05 PM EDTPORTLAND, Ore.--(BUSINESS WIRE)-- Columbia Sportswear Company (NASDAQ: COLM):
Throughout this press release, references to non-GAAP financial measures in the second quarter of 2018 exclude $7.5 million in net sales, gross profit and selling, general and administrative ("SG&A") expenses associated with adoption of Accounting Standards Codification - ASC 606 (hereinafter referred to as the "new revenue accounting standard"), $1.9 million in Project CONNECT program expenses and discrete costs ($1.4 million net of tax), and $0.1 million in incremental provisional income tax expense related to the Tax Cuts and Jobs Act (the "TCJA"). References to non-GAAP financial... More
