Columbia Sportswear Company. CFO Commentary and Financial Review Fourth Quarter and Full Year 2024 February 4, 2025 FORWARD-LOOKING STATEMENTS This presentation does not constitute an offer or invitation for the sale or purchase of securities and has been prepared solely for informational purposes. This presentation contains forward-looking statements wilthin the meaning of the federal securities laws regarding Columbia Sportswear Company's business opportunities and anlicipated results of operations. Forwa ...

Financial Performance - Net sales for Q4 2024 increased by 3% to $1,096.6 million compared to Q4 2023[5] - Operating income for Q4 2024 rose by 21% to $137.3 million, representing 12.5% of net sales, compared to 10.7% in Q4 2023[5] - Diluted earnings per share for Q4 2024 increased by 16% to $1.80, despite a $6.4 million discrete tax valuation allowance expense impacting EPS by $0.11[5][13] - Full year 2024 net sales decreased by 3% to $3,368.6 million compared to 2023[15] - Full year 2024 operating income decreased by 13% to $270.7 million, or 8.0% of net sales[16] - For the year ended December 31, 2024, net sales were $3,368,582, a decrease of 3.4% compared to $3,487,203 in 2023[46] - The diluted earnings per share for the year ended December 31, 2024, was $3.82, down from $4.09 in 2023, a decrease of 6.6%[46] Future Projections - The company plans for 2025 net sales growth of 1.0% to 3.0%, projecting sales between $3.40 billion and $3.47 billion[28] - Expected gross margin for 2025 is approximately 51%, an increase of 80 basis points from 2024[28] - Capital expenditures for 2025 are planned to be in the range of $60 to $80 million[31] Shareholder Returns - The company repurchased $317.8 million of common stock during the twelve months ended December 31, 2024[5][23] - The board approved a quarterly cash dividend of $0.30 per share, payable on March 21, 2025[26] Cash and Assets - The company reported cash and cash equivalents of $531,869 as of December 31, 2024, an increase of 51.8% from $350,319 in 2023[48] - Total assets increased to $2,975,265 as of December 31, 2024, compared to $2,939,013 in 2023, marking a growth of 1.2%[44] Expenses and Income - Selling, general and administrative expenses rose to $1,443,906 for the year ended December 31, 2024, compared to $1,416,313 in 2023, an increase of 1.9%[46] - The company experienced a net cash provided by operating activities of $491,042 for the year ended December 31, 2024, down from $636,297 in 2023[48] - Net income for the year ended December 31, 2024, was $223,273, down from $251,400 in 2023, reflecting a decrease of 11.2%[46] Brand Performance - In the United States, net sales decreased by 1% to $682,287 thousand from $689,440 thousand year-over-year[50] - Europe, Middle East and Africa showed significant growth with a 24% increase in net sales to $161,551 thousand compared to $130,743 thousand in 2023[50] - The Columbia brand net sales for the twelve months decreased by 1% to $2,917,678 thousand from $2,935,145 thousand year-over-year[53] - SOREL brand experienced a substantial decline of 29% in net sales for the twelve months, totaling $238,266 thousand compared to $336,688 thousand in 2023[53] - Direct-to-consumer (DTC) channel net sales for the twelve months increased by 1% to $1,634,224 thousand from $1,613,200 thousand in 2023[53] - Apparel, Accessories and Equipment category net sales remained stable with no percentage change, totaling $2,687,174 thousand for the twelve months[53] - The footwear category saw a significant decline of 16% in net sales for the twelve months, dropping to $681,408 thousand from $810,606 thousand in 2023[53] Strategic Initiatives - The company plans to continue executing its ACCELERATE Growth Strategy to enhance growth opportunities and manage expenses effectively[40] - The company reported a constant-currency net sales growth as a non-GAAP financial measure, indicating a need for further analysis of underlying performance trends[50]

It’s been over a year since my last article about Columbia Sportswear Company (NASDAQ: COLM ). I rated the company as a “Buy.” I believed it was a relatively safe play in the apparel space with anAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alph ...

Columbia Sportswear Company (COLM) gears up to unveil its fourth-quarter 2024 earnings on Feb. 4, after market close. The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $1.08 billion, which indicates a 1.8% increase from the year-ago period.In the past 30 days, the Zacks Consensus Estimate for earnings has remained unchanged at $1.86 per share, which is in-line with the reported figure in the same quarter last year. COLM delivered a trailing four-quarter earnings surprise of 36.5%, on ave ...

Columbia Sportswear Company (COLM) is transforming with its new ACCELERATE strategy, targeting younger, active consumers. The company is advancing brand-enhancing initiatives, including innovative products.To further strengthen its position, management is focused on improving operational efficiency and safeguarding profits through a multi-year Profit Improvement Program. While these efforts are promising, the company faces external challenges, such as sluggish consumer demand, which could potentially impact ...

Columbia Sportswear Company (COLM) is making a major strategic shift, aiming to attract a younger, more active consumer base while enhancing its brand image. With its new "ACCELERATE" strategy, the company is focusing on refining its product offerings, improving consumer experiences and increasing brand visibility. Management is on track to enhance operational efficiency and protect profits through its multi-year Profit Improvement Program.Despite these efforts, the company is facing persistent challenges s ...

I am a financial writer who selects and analyzes high quality stocks with great risk/reward propositions. My universe of stocks covers various industry verticals and geographies. I like to share great ideas and invite meaningful public discourse on various long/short equity ideas. Please follow for in-depth financial analysis and easy-to-read introductions of novel companies and investment propositions.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies me ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______to_______ ————————————————————— Commission file number 000-23939 ————————————————————— COLUMBIA SPORTSWEAR COMPANY (Exact name of registrant as specified in it ...

Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, the competitive dynamics of the industries where they participate, and buying companies that we would like to hold independently of how the price moves in the future. Most QC calls will be holds, and that is by design. Only a very sm ...

Core Insights - Columbia Sportswear Company (COLM) reported a decline in both earnings and net sales for Q3 2024, with earnings per share at $1.56, down 8.2% year-over-year, but exceeding the Zacks Consensus Estimate of $1.36. Net sales fell 5% to $931.8 million, missing the consensus mark of $947 million [1][4]. Financial Performance - The gross margin improved by 150 basis points to 50.2%, attributed to lower inbound freight costs and a favorable sales mix, despite negative impacts from foreign exchange hedging [5]. - Selling, General and Administrative (SG&A) expenses rose 2.7% to $361.2 million, with a percentage of sales increasing to 38.8%. The rise was mainly due to higher direct-to-consumer (DTC) and incentive compensation costs [6]. - Operating profit decreased 16.4% to $112.5 million, with the operating margin contracting 160 basis points to 12.1% [6]. Sales Performance by Region - In the United States, net sales dropped 10% to $571.3 million. Conversely, Europe, Middle East, and Africa (EMEA) saw a 10% increase in net sales to $141.8 million, while Latin America and Asia Pacific (LAAP) net sales rose 17% to $135 million. Canadian sales fell 21% to $83.7 million [7]. Product Category Performance - Net sales in the Apparel, Accessories, and Equipment category increased by 1% to $735.4 million, while Footwear sales declined by 23% to $196.4 million [8]. - Sales for the Columbia, SOREL, and prAna brands decreased by 1%, 39%, and 7%, respectively, while Mountain Hardwear brand sales increased by 2% [9]. Cash Flow and Capital Management - As of September 30, 2024, the company had cash and cash equivalents of $306.7 million and no debt. Inventories decreased by 10% to $798.2 million [10]. - For the first nine months of 2024, operating cash flow was $76.6 million, with capital expenditures of $41.7 million. The company anticipates operating cash flow of at least $300 million for the full year [11]. Share Repurchase and Dividends - The company repurchased 2,916,970 shares for $230.9 million in the first nine months of 2024 and announced a $600 million increase in its share repurchase authorization. A quarterly cash dividend of 30 cents per share is scheduled for December 4, 2024 [12]. Future Outlook - For 2024, Columbia Sportswear expects net sales to decline by 3-5% to a range of $3.31-$3.38 billion, with gross margin anticipated to expand by 40-90 basis points [14]. - The company projects operating income between $257-$284 million and earnings per share (EPS) in the range of $3.70-$4.05 for 2024 [15]. - For Q4 2024, net sales are expected to decline by 2% to a range of $1,040-$1,110 million, with an operating income forecast of $123-$151 million [16].