Columbia Sportswear 2000 Annual Report Download - page 4

IN THE NEWS 2000
April 24, 2000
Columbia Sportswear
Named REI’s 1999 Vendor
Partner of the Year for Snow
Sports Category
Columbia Sportswear Company®was
named Snow Sports Vendor Partner of
the Year for 1999 by Recreational
Equipment, Inc (REI). Columbia was
selected over many other companies
and was evaluated by REI management
and employees. “This award represents
Columbia’s dedication to building and
sustaining successful partnerships with
our retailers,” said Tim Boyle,
Columbia Sportswear’s Chief
Executive Officer.
June 6, 2000
Columbia Sportswear
Becomes Official Apparel
Supplier to the
Eco-Challenge
Expedition Race
International outdoor apparel and
footwear manufacturer Columbia
Sportswear Company®signed a
sponsorship agreement to become the
official apparel supplier to the 2000
Eco-Challenge held in Sabah, Malaysia.
This was Columbia’s fourth year
sponsoring the high-profile Expedition
Race™, which takes place on the Island
of Borneo. As the official apparel
supplier, Columbia will provide event
officials, VIPs, competitors and
members of the media with headwear
and performance pieces from the
Company’s GRT®sportswear
collection.
April 25, 2000
Columbia Sportswear
Company Reports Record
First Quarter 2000 Results
Columbia Sportswear Company®today
announced net sales of $108.4 million
for its first quarter ended March 31,
2000, an increase of 21.5 percent over
the $89.2 million of net sales for the
same period of last year. Net income
for the period was $3.3 million, or
$0.13 per share (diluted) on 25.8
million weighted average shares
outstanding for the first quarter,
compared to net income of $240,000,
or $0.01 per share (diluted) on 25.5
million weighted average shares
outstanding for the same period of
last year.
January 27, 2000
Columbia Sportswear Signs
License Agreement with
Cerf Bros. For Adventure
Travel Bags
Building on the large and growing
appeal of its brand, Columbia
Sportswear Company®announced it
has entered into a license agreement
with Cerf Brothers Bag Company to
design, manufacture, and market
backpacks and adventure travel bags.
The extensive collection of bags will be
available in stores for Spring 2001.
July 25, 2000
Columbia Sportswear
Company Reports Record
Second Quarter 2000 Results
Columbia Sportswear Company®today
announced record net sales of $97.2
million for its second quarter ended
June 30, 2000, an increase of 36.1
percent over the $71.4 million of net
sales for the same period last year. Net
income for the period was $3.6
million, or $0.14 per share (diluted)
on 26.1 million weighted average
shares outstanding for the second
quarter, compared to a net loss of
$238,000, or $0.01 per share
(diluted), on 25.5 million weighted
average shares outstanding for the
same period last year.
Columbia Sportswear
Nominates Walter Klenz,
Beringer Wine Estates CEO,
to Board of Directors
Walter Klenz, Chairman and Chief
Executive Officer of Beringer Wine
Estates, was nominated to stand for
election to the board of directors of
Columbia Sportswear Company, a
leading maker of outdoor apparel,
footwear and accessories. Mr. Klenz
has more than 25 years of marketing
and branding experience. He currently
serves as Chairman and CEO of
Beringer Wine Estates.
February 1, 2000
Columbia Sportswear
Company Reports Record
Results for Fourth Quarter
and Fiscal Year 1999
Columbia Sportswear Company®
announced today record net sales of
$122.3 million for the fourth quarter
ended December 31, 1999, an increase
of 10.0% over net sales of $111.2
million for the same period of 1998.
The Company reported net income for
the fourth quarter of $9.1 million, a
26.5% increase over net income of $7.2
million for the same period of 1998.