Textiles, Apparel and Luxury Goods
Company Overview of Columbia Sportswear Company
Columbia Sportswear Company designs, sources, markets, and distributes outdoor and active lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for men, women, and youth under the Columbia, Mountain Hardwear, and prAna brands. Its products are used during various outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, and adventure travel. The company also offers footwear products, including hiking boots, trail running shoes, rugged cold weather boots, ...
14375 Northwest Science Park Drive
Portland, OR 97229
Founded in 1938
Key Executives for Columbia Sportswear Company
Chief Executive Officer and Director
Total Annual Compensation: $84.0K
President and Chief Operating Officer
Total Annual Compensation: $666.0K
Chief Financial Officer and Executive Vice President of Finance
Total Annual Compensation: $497.6K
Chief Administrative Officer, Executive Vice President and General Counsel
Total Annual Compensation: $419.3K
Compensation as of Fiscal Year 2013.
Columbia Sportswear Company Key Developments
Columbia Sportswear Company Appoints Malia Wasson to the Board
Mar 23 15
The board of directors of Columbia Sportswear Company voted to expand the board to 11 members (from 10 previously) and elected Malia H. Wasson to serve in the newly-created position, effective March 19, 2015. The board also nominated Ms. Wasson for election by the shareholders to a full term as a board member at the company’s next Annual Meeting of Shareholders, scheduled to be held on May 19, 2015.
Columbia Sportswear Company Announces Executive Changes
Mar 2 15
Columbia Sportswear Company announced several strategic organizational changes intended to further drive sustainable, profitable growth. Several seasoned members of the executive leadership team have been elevated to new roles: Tim Boyle, who has served as President and Chief Executive Officer of the company since 1988, will continue to lead the company as Chief Executive Officer, while Bryan Timm, a 17-year company veteran who has served as Executive Vice President and Chief Operating Officer since October 2008, has been elevated to President and Chief Operating Officer of Columbia Sportswear company, effective February 25, 2015. In his new role, Mr. Timm will oversee the company’s wholesale sales function in North America, as well as direct-to-consumer operations in North America and Europe, while retaining his current leadership role over the company’s global sourcing, supply chain and distribution operations. He will also direct the brand leaders at the company’s Mountain Hardwear® brand, headquartered in Richmond, CA, and the recently-acquired prAna® brand, headquartered in Carlsbad, CA. Peter Bragdon is promoted to the new title of Executive Vice President, Chief Administrative Officer and General Counsel, effective immediately. Bragdon is a 13-year company veteran who has served as Senior Vice President of Legal and Corporate Affairs, General Counsel and Secretary since 2010. Tom Cusick is promoted to the new title of Executive Vice President of Finance and Chief Financial Officer, effective immediately. Cusick is a 12-year company veteran who has advanced through progressive financial management roles, serving as Senior Vice President of Finance and Chief Financial Officer since 2010.
Columbia Sportswear Company Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reaffirms Earnings Guidance for the Full Year 2015
Feb 12 15
Columbia Sportswear Company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $676,964,000 against $533,110,000 a year ago. Income from operations was $82,100,000 against $52,164,000 a year ago. Income before income tax was $81,524,000 against $52,079,000 a year ago. Net income attributable to the company was $55,603,000 or $0.79 per diluted share against $36,730,000 or $0.53 per diluted share a year ago.
For the full year, the company reported net sales of $2,100,590,000 against $1,684,996,000 a year ago. Income from operations was $198,844,000 against $131,794,000 a year ago. Income before income tax was $198,521,000 against $131,426,000 a year ago. Net income attributable to the company was $137,173,000 or $1.94 per diluted share against $94,341,000 or $1.36 per diluted share a year ago. Net cash provided by operating activities was $185,783,000 against $274,275,000 a year ago. Capital expenditures were $60,283,000 against $69,443,000 a year ago.
The company reaffirmed earnings guidance for the full year 2015. For the year, the company reaffirms preliminary net sales outlook provided in October 2014, anticipating low double-digit constant-dollar growth and high single-digit growth in U.S. dollars compared with higher-than-anticipated 2014 net sales. The company is projecting record net income of between $150 million and $157 million. Operating margin expected to increase to approximately 9.7% of net sales. Earnings per share expected to grow approximately 11% to between $2.10 and $2.20.
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