Second Quarter and First Half 2018 GAAP Highlights:
Second quarter net sales increased 21 percent (19 percent constant-currency) to a record $481.6 million.
Second quarter operating income increased to $9.7 million, representing 630 basis points of operating margin expansion to 2.0 percent of net sales.
Second quarter net income increased to $9.7 million, or $0.14 per diluted share.
First half net sales increased 16 percent (13 percent constant-currency) to a record $1,088.9 million.
First half net income increased 124 percent to a record $54.8 million, or $0.77 per diluted share.
Inventories increased 2 percent to $570.5 million.
Cash and short-term investments totaled $774.7 million at June 30, 2018.
The board of directors approved a regular quarterly dividend of $0.22 per share.
Second Quarter and First Half 2018 non-GAAP Highlights:
Non-GAAP second quarter net sales increased 19 percent (17 percent constant-currency) to $474.1 million.
Non-GAAP second quarter operating income increased to $11.6 million, representing 580 basis points of operating margin expansion to 2.5 percent of net sales.
Non-GAAP second quarter net income increased to $11.3 million, or $0.16 per diluted share.
Non-GAAP first half net sales increased 14 percent (11 percent constant-currency) to $1,073.2 million.
Non-GAAP first half net income increased 136 percent to $65.8 million, or $0.93 per diluted share.
Columbia Sportswear Company Reports Record Second Quarter and First Half 2018 Financial Results; Raises Full Year 2018 Financial Outlook | Columbia Sportswear