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Columbia Sportswear Company Reports Operating Results (10-Q)
Posted by: gurufocus (IP Logged)
Date: November 4, 2011 03:46PM

Columbia Sportswear Company (COLM) filed Quarterly Report for the period ended 2011-09-30. Columbia Sportswear Company has a market cap of $1.86 billion; its shares were traded at around $54.81 with a P/E ratio of 20.5 and P/S ratio of 1.2. The dividend yield of Columbia Sportswear Company stocks is 1.6%.



Highlight of Business Operations:

SG&A expense increased to 29.5% of net sales for the third quarter of 2011 from 29.4% of net sales for the comparable period in 2010. Depreciation and amortization included in SG&A expense totaled $10.9 million for the third quarter of 2011, compared to $9.3 million for the same period in 2010.

Net Income: Net income increased $15.3 million, or 29%, to $67.5 million for the third quarter of 2011 from $52.2 million for the comparable period in 2010. Diluted earnings per share was $1.98 for the third quarter of 2011, compared to $1.53 for the third quarter of 2010.

SG&A expense increased to 37.3% of net sales for the nine months ended September 30, 2011 from 36.7% of net sales for the comparable period in 2010. Depreciation and amortization included in SG&A expense totaled $31.6 million for the nine months ended September 30, 2011, compared to $27.4 million for the same period in 2010.

Net Income: Net income increased $16.0 million, or 31%, to $66.8 million for the nine months ended September 30, 2011 from $50.8 million for the comparable period in 2010. Diluted earnings per share was $1.95 for the nine months ended September 30, 2011, compared to $1.49 for comparable period in 2010.

Net cash provided by investing activities was $26.3 million for the nine months ended September 30, 2011, compared to net cash used in investing activities of $76.9 million for the comparable period in 2010. For the 2011 period, net cash provided by investing activities primarily consisted of $66.3 million from net sales of short-term investments, partially offset by $41.4 million for capital expenditures. For the 2010 period, net cash used in investing activities primarily consisted of $39.6 million in net purchases of short-term investments and $38.8 million for acquisitions and capital expenditures.

Read the The complete Report



Stocks Discussed: COLM,
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