Textiles, Apparel and Luxury Goods
Company Overview of Columbia Sportswear Company
Columbia Sportswear Company designs, sources, markets, and distributes active outdoor 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 and Mountain Hardwear 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 durable and lightweight 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
Total Annual Compensation: $84.0K
Chief Financial Officer
Total Annual Compensation: $497.6K
Chief Operating Officer and Executive Vice President
Total Annual Compensation: $666.0K
Senior Vice President of Legal & Corporate Affairs
Total Annual Compensation: $419.3K
Compensation as of Fiscal Year 2013.
Columbia Sportswear Company Key Developments
Columbia Sportswear and the Dallas Cowboys Announce Multi-Year Apparel Partnership
Aug 26 14
Columbia Sportswear and the Dallas Cowboys announced an apparel licensing partnership featuring co-branded sportswear, outerwear and accessories for men, women and youth, with product available to the public starting in late spring 2015. The partnership with the Dallas Cowboys is a natural fit for Columbia. The combination of the Cowboys' rich history of success and Columbia's commitment to innovative product solutions creates a unique opportunity. This partnership provides Dallas Cowboys fans access to quality outdoor performance apparel crafted with innovative technologies and thoughtful design. The line includes Performance Fishing Gear (PFG(TM)) styles, which are extremely popular globally, but especially in Texas. The Columbia-Dallas agreement extends through early 2018. The Dallas Cowboys will sell co-branded product through wholesale channels including official NFL retail stores. The initial launch of select styles will be available in the spring of 2015, expanding to a more robust assortment of sportswear, outerwear and accessories by fall 2015.
Columbia Sportswear Company Plans to Expand PFG's Visibility in Markets
Jul 24 14
Columbia Sportswear Company planed to expand PFG's visibility in markets to help broaden it year-round business and reduce seasonality. The company to open 2 PFG-focused branded retail stores during 2014 in Dallas and in Atlanta. The company shall work closely with key wholesale customers to enhance their in-store presentation of PFG in order to drive consumer awareness and enhance sell-throughs in their stores. It is also planning to launch a focused PFG assortment across Europe direct markets in spring 2015.
Columbia Sportswear Company Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months June 30, 2014; Approves Regular Quarterly Cash Dividend Payable on August 28, 2014; Provides Earnings Guidance for the Full Year of 2014
Jul 24 14
Columbia Sportswear Company reported consolidated unaudited earnings results for the second quarter and six months June 30, 2014. The company announced net sales grew $43.7 million, or 16%, to a second-quarter record $324.2 million for the quarter ended June 30, 2014, compared with net sales of $280.5 million for the same period in 2013, including a less than 1 percentage point benefit from changes in currency exchange rates. Second quarter 2014 net loss totaled $6.3 million, or $0.18 per share, including a net tax benefit of $5.6 million, or $0.16 per share, resulting from the favorable resolution of uncertain tax positions from prior years. Second quarter 2013 net loss totaled $7.1 million, or $0.21 per share. Loss from operations was $16.989 million against $9.997 million a year ago. Loss before income tax was $17.031 million against $10.255 million a year ago. Net loss attributable to Columbia Sportswear Company was $6.329 million against $7.077 million a year ago.
For the six-month period, the company reported net sales were $748.330 million against $628.802 million a year ago. Income from operations was $18.462 million against $2.731 million a year ago. Income before income tax was $18.093 million against $1.975 million a year ago. Net income attributable to Columbia Sportswear Company was $15.926 million or $0.45 diluted per share against $3.025 million or $0.09 diluted per share a year ago. Net cash provided by operating activities was $62.954 million against $135.703 million a year ago. Capital expenditures were $24.964 million against $31.502 million a year ago.
The board of directors approved a regular quarterly cash dividend of $0.28 per share, payable on August 28, 2014 to shareholders of record on August 14, 2014.
The company now anticipates full year 2014 net sales growth of 19% to 21% to between $2.01 billion and $2.04 billion, including incremental net sales of approximately $155 million from the new China joint venture (JV) and incremental net sales of approximately $55 million from the newly-acquired prAna brand, compared with 2013 net sales of $1.68 billion. The company expects full year 2014 operating margin of up to 8.3% compared with 2013 operating margin of 7.8%. This equates to full year 2014 operating margin of up to 8.8%, excluding the financial effects of the prAna acquisition. Full year 2014 earnings per diluted share, net of non-controlling interest, is expected to be approximately $3.22 to $3.38, including acquisition costs and purchase accounting amortization and integration costs related to the prAna acquisition totaling approximately $7.1 million net of tax, or $(0.20) per diluted share. This compares to fiscal year 2013 earnings of $2.72 per diluted share, which included a non-cash asset impairment charge of $9.0 million, equal to $5.6 million net of tax, or $0.16 per diluted share. Net income after non-controlling interest of approximately $114 million to $120 million, or $3.22 to $3.38 per diluted share, compared to $94.3 million, or $2.72 per diluted share, in 2013.
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