Outdoor Sports Heat Columbia Sports 2018 Fourth Quarter Performance Exceeded Expectations

Sports, especially the outdoor sports products industry, continue to be hot, stimulating the ultra - expected four seasons performance of the Columbia Sportswear Co. (NASDAQ:COLM) Columbia sportswear company of the American outdoor sporting goods manufacturer.

In 2018 10-12, the Portland based outdoor giant recorded a net profit of $113 million 300 thousand or earnings per share of $1.53, a net loss of $7 million 72 thousand or earnings per share of -0.10 US dollars in the same period last year, adjusted by a net profit increase of 27%, from 92 million 424 thousand US dollars or earnings per share of 1.31 US dollars to 116 million 900 thousand US dollars or earnings per share of 1.68 US dollars, much higher than the expected US $1.27.

After Thursday's announcement of its super expected performance, Columbia opened 11.19% higher on Friday, 102.80 US dollars, and then rose more and more. The highest value in the morning market was $109.74, soaring 18.80%, hitting 52 weeks and a record high.

Tim Boyle, the group's chief executive, said it was proud of the company's achievements in the four quarter and 2018. The fourth quarter and the annual performance exceeded expectations, thanks to the efforts of 7800 employees worldwide.

Looking forward to the future, despite the increasing number of macroeconomic problems currently facing global economic uncertainty and unresolved trade issues, it is believed that the cash balance and strong balance sheet at the end of fiscal year 700 million will help the company continue to achieve profitable growth in 2019 and continue to invest in strategic priorities.

In the 2018 quarter of the fiscal year, Columbia's revenue rose 18.2% to 917 million 600 thousand dollars, the fixed exchange rate increased by 19%, and the core Columbia brand income fixed exchange rate increased 22% to 727 million 800 thousand US dollars.

After adjustment, the Portland company's quarterly income increased by 899 million 300 thousand, an increase of 16%, and the fixed exchange rate increased by 17%, exceeding the market forecast of US $850 million 300 thousand.

Operating profit surged 40% to $152 million 800 thousand during the period, with a profit margin of 16.6%.

In 2018, Columbia recorded an income of US $2 billion 802 million 300 thousand, an increase of 13.6% compared with the US $2 billion 466 million 100 thousand in 2017, a 13% increase in fixed exchange rate, an increase of 12% to 2 billion 761 million 400 thousand US dollars in the whole year after adjustment, and a 11% increase in fixed exchange rate.

Net profit increased from US $105 million 100 thousand in 2017 or earnings per share to US $1.49 to US $268 million 300 thousand or earnings per share of US $3.81. After adjustment, net profit in 2018 was US $282 million or earnings per share were US $4.01, an increase of 34% over the same period of 210 million 100 thousand US dollars in 2017 or 2.98 US dollars per share.

Columbia expects revenue growth of 6.0-8.0% to 29.7-30.3 billion in the current fiscal year. Operating profit is expected to fluctuate from 10 base points to 12.4-12.6%. Net profit and EPS are expected to be 2.97-3.07 billion and 4.30-4.45 dollars, respectively, and gross profit is expected to increase from 50.2% in 2018 to 50.2%.

As of Thursday's closing, the price of Columbia Sportswear Co. (NASDAQ:COLM) Columbia sportswear company has recorded a 10% increase so far this year, up 23% in the past 12 months. On Friday, the company's market capitalization was about 7 billion 500 million dollars.