HighGravityDataColumbia Sportswear — Oct 30, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001050797-24-000142
Showing in the filing
Share repurchase authorization increase
“$600 million”
Period
No period stated
Measure
Declared action
Source
Prose
All guidance in this release · 23
Share repurchase authorization increase
“$600 million”
Net sales for FY2024
“$3.31 to $3.38 billion (prior $3.35 to $3.42 billion)”
Operating income for FY2024
“$257 to $284 million (prior $256 to $288 million)”
Operating margin for FY2024
“7.7 to 8.4 percent”
Diluted earnings per share for FY2024
“$3.70 to $4.05 (prior $3.65 to $4.05)”
Quarterly cash dividend for Q4 FY2024
“$0.30 per share”
Gross margin expansion for FY2024
“40 to 90 basis points (prior 40 to 60 basis points)”
Gross margin for FY2024
“50.0 to 50.5 percent of net sales (prior 50.0 to 50.2 percent)”
SG&A expenses (% of net sales) for FY2024
“42.8 to 43.0 percent”
SG&A expenses, as a percent of net sales for FY2024
“42.8 to 43.0 percent (prior 42.4 to 43.0 percent)”
Interest income, net for FY2024
“approximately $30 million (prior $28 million)”
Effective income tax rate for FY2024
“24.0 to 25.0 percent”
Net income for FY2024
“$217 to $238 million (prior $215 to $239 million)”
Weighted average diluted shares outstanding for FY2024
“approximately 58.7 million (prior 59.3 million)”
Foreign currency translation impact on net s… for FY2024
“modestly unfavorable impact on full year net sales”
Foreign currency impact on diluted earnings … for FY2024
“approximately $0.01 negative impact on diluted earnings per share (prior $0.07)”
Operating cash flow for FY2024
“at least $300 million (prior $350 million)”
Capital expenditures for FY2024
“$60 to $70 million (prior $60 to $80 million)”
Net sales for Q4 FY2024
“$1,040 to $1,110 million”
Operating income for Q4 FY2024
“$123 to $151 million”
Operating margin for Q4 FY2024
“11.8 to 13.6 percent”
Diluted earnings per share for Q4 FY2024
“$1.68 to $2.03”
Global wholesale net sales growth for FY2025
“mid-single-digit percent growth”
Exhibit 99.1 · the passage around this item
… earlier in the release
• Exited the quarter with $373.9 million of cash, cash equivalents and short-term investments and no borrowings. • Repurchased $230.9 million of common stock during the first nine months of 2024. On October 24, 2024, the Board of Directors approved a $600 million increase to the Company's share repurchase authorization. • Announces the ACCELERATE Growth Strategy, intended to elevate the Columbia brand. Full Year 2024 Financial Outlook The following forward-looking statements reflect our expectations as of October 30, 2024 and are subject to significant risks and business uncertainties, including those factors described under “Forward-Looking Statements” below. Additional disclosures and financial outlook details can be found in the Full Year 2024 Financial Outlook section below and the CFO Commentary and Financial Review presentation. • Net sales of $3.31 to $3.38 billion (prior $3.35 to $3.42 billion), representing a net sales decline of 5.0 to 3.0 percent (prior 4.0 to 2.0 percent) compared to 2023. • Operating income of $257 to $284 million (prior $256 to $288 million), representing operating margin of 7.7 to 8.4 percent (unchanged). • Diluted earnings per share of $3.70 to $4.05 (prior $3.65 to $4.05). PORTLAND, Ore. - October 30, 2024 - Columbia Sportswear Company (NASDAQ: COLM, the "Company"), a multi-brand global leading innovator in outdoor, active and lifestyle products including apparel, footwear, accessories, and equipment, toda
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.