Columbia Sportswear Announces Dividend and Reports Strong Q4 Results

Published 1 days agoCOLM

Columbia Sportswear Announces Dividend and Reports Strong Q4 Results

Columbia Sportswear Company has announced a quarterly cash dividend of $0.30 per share, which will be payable on March 21, 2025, to shareholders of record as of March 10, 2025. This development follows the company's steady financial performance over the past quarter.

In the fourth quarter of 2024, Columbia Sportswear reported a 3% increase in net sales, reaching $1,096.6 million. Their operating income also saw a significant boost, jumping 21% to $137.3 million, while diluted earnings per share climbed 16% to $1.80. Financially, the company held $815.5 million in cash and equivalents, maintaining a debt-free status. However, for the full year 2024, net sales slightly declined by 3% to $3,368.6 million and diluted EPS fell 7% to $3.82.

Looking ahead to 2025, Columbia Sportswear projects a slight increase in net sales between $3.40 billion and $3.47 billion, alongside an expected operating margin ranging from 7.7% to 8.3%. These forecasts indicate the company's commitment to improving profitability and enhancing shareholder value, as noted in their recent financial briefing by Reuters.

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