Columbia Sportswear swings to profit, Q4 net sales up 18 percent

Columbia Sportswear Company announced net sales of 917.6 million dollars for the fourth quarter, an increase of 18 percent or 19 percent constant-currency. The company said, non-GAAP fourth quarter net sales of 899.3 million dollars increased 16 percent or 17 percent constant-currency. Net income for the quarter increased to 113.3 million dollars or 1.63 dollars per diluted share compared to net loss of 7.1 million dollars or 10 cents per share. Non-GAAP net income increased 27 percent to 116.9 million dollars or 1.68 dollars per diluted share compared with 92.4 million dollars or 1.31 dollars per diluted share.