With net sales for the fourth quarter ended December 31 at Columbia Sportswear Company having zoomed 27 per cent year on year, the brand recorded net sales of $677.0 million for the fourth quarter of 2014, up a massive 27 per cent or $143.9 million from the corresponding quarter of 2013.
Fourth quarter of 2014 net income totaled $55.6 million or $0.79 per diluted share, a steep hike of 51 per cent compared with net income of $36.7 million or $0.53 per diluted share in fourth quarter of 2013.
Organic growth in the reporting quarter reached approximately $79.8 million or 15 percent from a year earlier quarter.
Its Chinese joint venture saw net sales growing by $44.1 million and a growth of around $20.0 million from the newly-acquired Prana brand.
“Changes in currency exchange rates had a 2 percentage point negative effect on the net sales comparison,”the sportswear marketer said.
Fourth quarter of 2014 income from operations surged 57 per cent to $82.1 million or 12.1 per cent of net sales, including $2.1 million of amortisation of acquired assets and integration costs related to Prana acquisition.
