Business
Columbia Sportswear Company Reports Fourth Quarter and Full Year 2024 Financial Results; Provides Full Year 2025 Financial Outlook
Fourth Quarter 2024 Highlights Net sales increased 3 percent (3 percent constant-currency) to $1,096.6 million, compared to fourth quarter 2023. Operating
About this update from Columbia Sportswear Company
[{"type":"text","content":"\nFourth Quarter 2024 Highlights\n\n\n\nNet sales increased 3 percent (3 percent constant-currency) to $1,096.6 million, compared to fourth quarter 2023.\n\n\n\n\nOperating income increased 21 percent to $137.3 million, or 12.5 percent of net sales, compared to fourth quarter 2023 operating income of $113.1 million, or 10.7 percent of net sales. The prior year operating income included a $25.0 million impairment charge related to prAna.\n\n\n\n\nDiluted earnings per share increased 16 percent to $1.80, compared to fourth quarter 2023 diluted earnings per share of $1.55. Fourth quarter 2024 income tax expense includes a $6.4 million discrete tax valuation allowance expense, which negatively impacted diluted earnings per share by $0.11.\n\n\n\n\nExited the quarter with $815.5 million of cash, cash equivalents and short-term investments and no borrowings.\n\n\n\n\nExited the quarter with $690.5 million of inventories, a decrease of 7 percent compared to December 31, 2023. \n\n\n\nFull Year 2024 Highlights\n\n\n\nNet sales decreased 3 percent to $3,368.6 million, compared to 2023.\n\n\n\n\nOperating income decreased 13 percent to $270.7 million, or 8.0 percent of net sales, compared to 2023 operating income of $310.3 million, or 8.9 percent of net sales.\n\n\n\n\nDiluted earnings per share decreased 7 percent to $3.82, compared to 2023 diluted earnings per share of $4.09.\n\n\n\n\nRepurchased $317.8 million of common stock during the twelve months ended December 31, 2024. \n\n\n\nFull Year 2025 Financial Outlook\n\n\nThe following forward-looking statements reflect our expectations as of February 4, 2025 and are subject to significant risks and business uncertainties, including those factors described under “Forward-Looking Statements” below. Additional disclosures and financial outlook details can be found in the Full Year 2025 Financial Outlook section below and the CFO Commentary and Financial Review presentation.\n\n\n\nNet sales of $3.40 to $3.47 billion, representing net sales growth of 1.0 to 3.0 percent compared to 2024.\n\n\n\n\nOperating margin of 7.7 to 8.3 percent.\n\n\n\n\nDiluted earnings per share of $3.80 to $4.15.\n\n\n\n \n\n\n PORTLAND, Ore.--(BUSINESS WIRE)--\nColumbia Sportswear Company (NASDAQ: COLM, the \"Company\"), a multi-brand global leading innovator in outdoor, active and lifestyle products including app...