Columbia Sportswear Gets Rained On: Fool by Numbers

On Oct. 26, Columbia Sportswear (Nasdaq: COLM  ) released third-quarter earnings for the period ended Sept. 30, 2006.

  • 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)

*Expressed in percentage points.

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:

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.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so checkFool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.


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