Columbia Sportswear Hits Record Sales
Columbia Sportswear Co. reported its fourth quarter earnings and fiscal year 2014 results. It beat Wall Street expectations on revenue and profit for the year and the quarter.
Net income for the fourth quarter was $55.6 million, or 79 cents per diluted share. It was a significant increase compared to the year ago period, when the company reported a profit of $36.7 million, or 53 cents a share.
Net sales in the quarter were $677 million, a 27 percent increase compared to the year ago period of $544.1 million.
For fiscal year 2014 the firm reported a record net revenues of $2.1 billion. Net income was $137.2 million or $1.94 per diluted share.
Rocky Brands Beats Expectations; Share Prices Up
Rocky Brands Inc. reported its fourth quarter and fiscal year earnings. The firm beat expectations and stock share prices soared over 9 percent in after hour trading.
Profit was $4.5 million, or 59 cents per diluted share. In the year ago period net income was $1.8 million or 24 cents per diluted share.
Sales during the quarter increased over 28 percent to $78.9 million compared to the year ago period of $61.6 million.
For the year, net sales increased16.9% to $286.2 million versus net sales of $244.9 million in 2013. Net income increased to $9.8 million, or $1.30 per diluted share.