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, Sorel, 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 ...
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: $928.8K
President and Chief Operating Officer
Total Annual Compensation: $729.4K
Chief Financial Officer, Executive Vice President of Finance and Treasurer
Total Annual Compensation: $560.5K
Chief Administrative Officer, Executive Vice President, General Counsel and Secretary
Total Annual Compensation: $470.2K
Compensation as of Fiscal Year 2015.
Columbia Sportswear Company Key Developments
Columbia Sportswear Company Plans 13 New Stores in the U.S. in 2017
Feb 9 17
Columbia Sportswear Company announced that it is planning 13 new stores in the U.S. in 2017.
Columbia Sportswear Company Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Provides Earnings Guidance for the First Half and Full Year of 2017
Feb 9 17
Columbia Sportswear Company announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company's net sales were $717.5 million compared with $699.4 million a year ago. Fourth quarter consolidated net sales growth of 3% (2% constant-currency) was driven by: a 2% net sales increase in the U.S. to $455.4 million, primarily reflecting growth from the Columbia brand; a 20% net sales increase in the Europe/Middle East/Africa (EMEA) region to $70.1 million, including low-20% net sales growth in the company's Europe-direct business and a 17% increase in net sales to EMEA distributors; a 1% net sales increase (1% decline constant-currency) in the Latin America/Asia Pacific (LAAP) region to $151.9 million, including net sales growth in Japan and China, partially offset by declines in Korea and in sales to LAAP distributors; partially offset by: a 12% net sales decline (11% constant-currency) in Canada. Income from operations was $100.4 million compared with $82.3 million a year ago. Income before income tax was $100.7 million compared with $82.7 million a year ago. Net income attributable to the company was $84.7 million or $1.20 per diluted share compared with $63.4 million or $0.90 per diluted share a year ago.
For the year, the company's net sales were $2,377.0 million compared with $2,326.2 million a year ago. Consolidated 2016 net sales growth of 2% included: a 3% net sales increase in the U.S. to $1.51 billion; a 9% net sales increase in the EMEA region (10% constant-currency) to $253.5 million, reflecting a low-20% increase (mid-20% constant-currency) in the company's Europe-direct markets, partially offset by a low-double-digit decline in net sales to EMEA distributors; partially offset by: a 3% net sales decrease in the LAAP region (4% constant-currency) to $453.7 million, reflecting a low-20% net sales decline in Korea and a high-teen percentage decline in net sales to LAAP distributors, partially offset by low-double-digit percentage growth in Japan (low-single-digit constant currency) and low-single-digit percentage growth in China (high-single-digit constant currency); and a 2% net sales decrease in Canada (1% growth constant-currency) to $164.6 million. Income from operations was $256.5 million compared with $249.7 million a year ago. Income before income tax was $256.9 million compared with $247.3 million a year ago. Net income attributable to the company was $191.9 million or $2.72 per diluted share compared with $174.3 million or $2.45 per diluted share a year ago. Net cash provided by operating activities was $275.2 million compared with $95.1 million a year ago. Capital expenditures were $49.99 million compared with $69.9 million a year ago.
For the year 2017, the company expects net sales increase of approximately 4% compared with 2016, including approximately 1 percentage point negative effect from changes in currency exchange rates; operating income growth of up to 5%, to between approximately $260 million and $270 million, representing operating margin of up to 10.9%; net income of between approximately $192 million and $200 million, or $2.72 to $2.82 per diluted share. The company expects an effective income tax rate of approximately 24.0%. The company expects capital expenditures of approximately $60 million, comprising investments in DTC business expansion, information technology and project-based and maintenance capital. The company expects fiscal year 2017 gross margins to improve by approximately 25 basis points.
The company expects a lower net sales growth rate in the first half of the year than in the second half; and more pronounced SG&A deleverage in the first half of the year, given the lower anticipated net sales growth rate and the fixed cost structure of the business. As a result, the company expects first half operating profit to be approximately $5 million to $10 million lower than the comparable 2016 period, and 2017 profitability and profitability growth compared with 2016 to be concentrated in the second half of the year.
Columbia Sportswear Company Approves Cash Dividend, Payable on March 22, 2017
Feb 9 17
Columbia Sportswear Company announced that its Board of Directors approved a cash dividend of $0.18 per share of common stock to be paid on March 22, 2017 to its shareholders of record on March 9, 2017.
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