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Thursday, February 7, 2019

=Columbia Sportswear (COLM) reported earnings on Thur 7 Feb 2019 (a/h)

Columbia Sportswear beats by $0.40, beats on revs; guides FY19 EPS, revs above consensus; adds $200 mln to repurchase authorization
  • Reports Q4 (Dec) earnings of $1.68 per share, excluding non-recurring items, $0.40 better than the S&P Capital IQ Consensus of $1.28; revenues rose 18.2% year/year to $917.6 mln vs the $859.06 mln S&P Capital IQ Consensus.
  • In February 2019, the board of directors approved an additional $200 million share repurchase authorization. This is in addition to the approximately $130 million currently remaining available under the prior stock repurchase authorization. The share repurchase authorization does not obligate the company to acquire any specific number of shares or to acquire shares over any specified period of time.
  • Co issues upside guidance for FY19, sees EPS of $4.30-4.45 vs. $4.09 S&P Capital IQ Consensus; sees FY19 revs of $2.97-3.03 bln vs. $2.95 bln S&P Capital IQ Consensus.

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