Columbia Sportswear Company reported a 4% increase in net sales, reaching a record $954.9 million for the fourth quarter of 2019. Diluted earnings per share increased by 2% to $1.67.
Net sales increased 4 percent compared to fourth quarter 2018, to a record $954.9 million.
Operating income decreased 9 percent to $138.6 million and operating margin declined 210 basis points to 14.5 percent of net sales
Diluted earnings per share increased 2 percent to $1.67, compared to fourth quarter 2018 diluted earnings per share of $1.63.
The board of directors approved an 8 percent increase in the company's regular quarterly dividend to $0.26 per share.
For 2020, management currently expects: Net sales of $3.18 to $3.23 billion, representing net sales growth of 4.5 to 6.0 percent. Operating income of $399 to $412 million, representing operating margin of 12.6 to 12.8 percent. Diluted earnings per share of $4.75 to $4.90.
Visualization of income flow from segment revenue to net income