Brief: Columbia Sportswear Posts Q4 EPS Of $1.44

Columbia Sportswear

04/02/2021 21:12

Feb 4 (Reuters) - Columbia Sportswear Co  COLM.O :
    * COMPANY REPORTS FOURTH QUARTER 2020 FINANCIAL RESULTS AND
PROVIDES FULL YEAR 2021 FINANCIAL OUTLOOK; ANNOUNCES QUARTERLY
DIVIDEND AND $400 MILLION INCREASE IN SHARE REPURCHASE
AUTHORIZATION
    * Q4 EARNINGS PER SHARE $1.44
    * Q4 SALES $915.7 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$866.9
MILLION
    * Q4 EARNINGS PER SHARE ESTIMATE $1.24 -- REFINITIV IBES
DATA
    * SEES FY NET SALES OF $2.95 TO $3.00 BILLION, REPRESENTING
A NET
SALES GROWTH OF 18.0 TO 20.0 PERCENT
    * AS OF DECEMBER 31, 2020, INVENTORIES DECREASED 8 PERCENT
TO
$556.5 MILLION, COMPARED TO $606.0 MILLION AT DECEMBER 31, 2019
    * SEES FY OPERATING INCOME OF $320 TO $346 MILLION,
REPRESENTING
OPERATING MARGIN OF 10.8 TO 11.5 PERCENT
    * SEES FY DILUTED EARNINGS PER SHARE OF $3.75 TO $4.05
    * ON JANUARY 29, 2021, BOARD OF DIRECTORS APPROVED $400
MILLION
INCREASE IN SHARE REPURCHASE AUTHORIZATION
    * ON JANUARY 29, 2021, BOARD OF DIRECTORS APPROVED A
QUARTERLY
DIVIDEND AT ITS PRE-PANDEMIC LEVEL OF $0.26 PER SHARE

Source text for Eikon:  ID:nBw6252SHa 
Further company coverage:  COLM.O 

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