Columbia Sportswear Q3 net sales up 15% to $804.7M, EPS $1.52 (+62%), declares $0.26 dividend

COLUMBIA SPORTSWEAR CO

2021-Q3 EPS reported $2.96 revenue$1,996,682,000

Q3 2021 net sales $804.7M (+15% YoY); operating income $133.5M (+56%); diluted EPS $1.52 (+62%).
Gross margin expanded 180 bps to 50.7%; SG&A as % of sales improved 250 bps to 34.8%.
Exited Q3 with $600.6M cash and short-term investments, no borrowings; repurchased $127.2M stock YTD.
Board declared $0.26 per share quarterly dividend, payable Dec 2, 2021 to holders of record Nov 18.
Full year 2021 outlook updated and preliminary 2022 commentary provided (specific guidance not detailed in excerpt).

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