Every material Form 8-K Columbia Sportswear filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Columbia Sportswear reported third quarter 2024 net sales down 5% to $931.8 million and diluted EPS of $1.56, versus $1.70 a year earlier. The company cut its full-year 2024 net sales and operating cash flow outlook, while narrowing its diluted EPS range to $3.70 to $4.05 from $3.65 to $4.05. Its board also authorized up to an additional $600 million in share repurchases and declared a $0.30 quarterly dividend.
Q3 net sales fell 5% to $931.8 million; operating income was $112.5 million, or 12.1% of net sales, versus $134.6 million a year earlier.
Full-year 2024 net sales outlook lowered to $3.31 billion to $3.38 billion from $3.35 billion to $3.42 billion.
Operating cash flow outlook lowered to at least $300 million from $350 million; diluted EPS outlook is $3.70 to $4.05 versus $3.65 to $4.05.
Board authorized up to an additional $600 million in share repurchases; $0.30 quarterly dividend payable December 4, 2024 to holders of record on November 20, 2024.
Columbia Sportswear reported second quarter 2024 net sales of $570.2 million, down 8 percent, and a net loss of $11.8 million, or $(0.20) per diluted share, compared with net income of $8.4 million a year earlier. The company cut its full year 2024 operating income outlook to $256 to $288 million from $259 to $291 million, while keeping its net sales and diluted EPS outlook unchanged, which matters to shareholders because profit expectations were lowered.
Q2 2024 net sales fell 8 percent to $570.2 million, with U.S. wholesale weakness cited as the main driver.
Q2 2024 loss from operations was $23.8 million, compared with operating income of $6.2 million a year earlier.
Full year 2024 operating income outlook lowered to $256 to $288 million; diluted EPS outlook of $3.65 to $4.05 unchanged.
Board declared a quarterly dividend of $0.30 per share, payable August 29, 2024 to holders of record on August 15, 2024.
Columbia Sportswear reported first quarter 2024 net sales of $770.0 million, down 6% from a year earlier, and operating income of $44.7 million, down 21%. The company raised its full-year 2024 diluted EPS outlook to $3.65 to $4.05 from $3.45 to $3.85, while keeping its net sales outlook unchanged, and declared a $0.30 quarterly dividend.
Q1 2024 net sales were $770.0 million versus $820.6 million in Q1 2023; diluted EPS was $0.71 versus $0.74.
Operating income fell to $44.7 million from $56.4 million; gross margin rose to 50.6% from 48.7%.
2024 net sales outlook unchanged at $3.35 to $3.42 billion; diluted EPS outlook raised to $3.65 to $4.05.
Quarterly dividend of $0.30 per share is payable May 30, 2024 to holders of record on May 16, 2024; $50.2 million of stock was repurchased in the quarter.
Columbia Sportswear reported fourth quarter 2023 net sales down 9% to $1,060.0 million and diluted EPS down 23% to $1.55, and forecast lower 2024 results, with net sales of $3.35 to $3.42 billion and diluted EPS of $3.45 to $3.85 versus $4.09 in 2023. Management said it expects 2024 to be a challenging year and is launching a profit improvement program targeting $125 to $150 million in annual savings by 2026.
Q4 2023 net sales fell 9% to $1,060.0 million; operating income fell 27% to $113.1 million, including a $25.0 million prAna impairment charge.
2024 outlook: net sales of $3.35 to $3.42 billion (decline of 4.0% to 2.0%) and operating income of $256 to $288 million, versus $310.3 million in 2023.
Full year 2023 operating cash flow was $636.3 million; the company repurchased $184.0 million of stock and had $345.3 million left under its authorization at year end.
Board declared a quarterly dividend of $0.30 per share, payable March 22, 2024 to holders of record on March 8, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Columbia Sportswear filing is on SEC EDGAR ↗. 8-K briefs of other companies →