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Columbia Sportswear Q4 profit climbs 6.6% YOY

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Columbia Sportswear Q4 profit climbs 6.6% YOY

4419132 said its fourth-quarter normalized net income came to 75 cents per share, compared with the S&P Capital IQ consensus estimate of 75 cents per share.

EPS rose 6.5% year over year from 70 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $52.9 million, a gain of 6.6% from $49.6 million in the year-earlier period.

The normalized profit margin rose to 7.6% from 7.3% in the year-earlier period.

Total revenue rose year over year to $699.4 million from $677.0 million, and total operating expenses grew year over year to $613.0 million from $594.8 million.

Reported net income rose 12.9% year over year to $63.0 million, or 89 cents per share, from $55.8 million, or 79 cents per share.

For the year, the company's normalized net income totaled $2.13 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $2.32.

EPS rose 26.3% from $1.69 in the prior year.

Normalized net income was $151.7 million, a gain of 27.0% from $119.4 million in the prior year.

ull-year total revenue rose 10.7% from the prior-year period to $2.33 billion from $2.10 billion, and total operating expenses grew 9.0% year over year to $2.07 Columbia Sportswear Co.