On Oct. 26, Columbia Sportswear
- Earnings per share were down 4% compared to Q3 2005; however, this was due to a favorable tax settlement that boosted Q3 2005 earnings by $5.6 million, or $0.14 per share.
- Columbia will begin a quarterly dividend of $0.14 starting Nov. 30, 2006.
- The spring backlog remains strong at $414.5 million at the end of Q3, a 15.4% increase year-over-year.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$457 |
$454 |
$410 |
10.8% |
|
Net Profit |
-- |
$60 |
$66 |
(9.2%) |
|
EPS |
$1.60 |
$1.67 |
$1.74 |
(4.0%) |
|
Diluted Shares |
-- |
36 |
38 |
(5.5%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
43.65% |
45.97% |
(2.32) |
|
Operating Margin |
20.08% |
22.47% |
(2.39) |
|
Net Margin |
13.28% |
16.22% |
(2.94) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $71 | $148 | (52.4%) |
Accounts Rec. | $374 | $362 | 3.5% |
Inventory | $272 | $223 | 22.0% |
Liabilities | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Accounts Payable | $72 | $90 | (19.2%) |
Long-Term Debt | $4 | $7 | (49.7%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Columbia Sportswear must be busy hiking, because it decided not to include a cash flow statement.
Find out why Fools always follow the money.
Related Companies:
- Nike
(NYSE:NKE) - Timberland
(NYSE:TBL) - Under Armour
(NASDAQ:UARM)
Related Foolishness:
- Columbia Sportswear Climbs Higher
- Bad Is Good for Columbia Sportswear
- Foolish Forecast: Columbia's Chill
ColumbiaSportswear is aMotley Fool Hidden Gemsrecommendation, and Under Armour is aMotley Fool Rule Breakerspick. To find out why, take a free trial of either newsletter (or both!). You can tell more than 11,500 other investors what you think of Columbia by joining the Fool's new stock-rating service, CAPS.
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