Exhibit 99.1
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Contact:
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Ron Parham |
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Director of Investor Relations |
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Columbia Sportswear Company |
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(503) 985-4584 |
COLUMBIA SPORTSWEAR COMPANY REPORTS
RECORD FOURTH QUARTER AND FISCAL YEAR 2007 RESULTS
Highlights:
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Fourth quarter net sales increased 4 percent to $376.7 million, a fourth quarter record,
compared to net sales of $361.8 million for the fourth quarter of 2006. |
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Record fourth quarter net income of $45.7 million included a tax benefit of $0.14 per
diluted share, related to the favorable conclusion of certain European tax examinations. |
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Fourth quarter diluted earnings per share were $1.26, also a fourth quarter record,
compared to $1.06 for the fourth quarter of 2006. |
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Fiscal 2007 net sales totaled $1.36 billion, up 5 percent over 2006. |
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Fiscal 2007 income from operations totaled $199.1 million, or 14.7 percent of net sales,
compared to $179.8 million, or 14.0 percent of net sales in fiscal 2006. |
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Fiscal 2007 diluted earnings per share were $3.96, compared to $3.36 in 2006. |
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Columbias board of directors approved a dividend of $0.16 per share, payable on March
6, 2008 to shareholders of record on February 21, 2008. |
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Columbia revised its expectations downward for first quarter 2008 net sales to
approximately a 2 percent decline from first quarter 2007 and first quarter 2008 diluted
earnings per share of approximately $0.51. |
PORTLAND, Ore. January 31, 2008 Columbia Sportswear Company (NASDAQ: COLM), a global leader in
the active outdoor apparel and footwear industries, today announced net sales of $376.7 million for
the quarter ended December 31, 2007, an increase of 4 percent compared to net sales of $361.8
million for the same period of 2006.
Fourth quarter income from operations totaled $56.8 million, or 15.1 percent of net sales, compared
to income from operations of $55.3 million, or 15.3 percent of net sales, in the fourth quarter of
2006.
Net income for the fourth quarter was $45.7 million, or $1.26 per diluted share, a 19 percent
increase compared to net income of $38.4 million, or $1.06 per diluted share, for the same period
of 2006. The companys consolidated fourth quarter tax rate was 22.0 percent compared to 31.6
percent for the same period of 2006. The lower tax rate was due to the combined benefits of a
favorable conclusion to certain European tax examinations and the geographic mix of taxable income,
resulting in an incremental $0.19 earnings per diluted share in the fourth quarter.
(NOTE: During the fourth quarter, the company recast its geographical net sales reporting to
better reflect its internal management and oversight structure. Net sales to international
distributors, previously grouped with Japan and Korea as part of Other International, have been
regrouped into the new Europe, Middle East & Africa (EMEA) region or Latin America & Asia Pacific
(LAAP) region depending upon the markets in which each distributor operates. Previously reported
quarterly geographical net sales information for fiscal years 2007, 2006 and 2005 has been
reclassified to reflect this change and can be found in the Quarterly Geographical Net Sales -
Reclassified table below. This table is also available on-line as part of the fourth quarter
press release posted at
www.columbia.com/who/investor_relations/press_releases.aspx.)
Fourth quarter 2007 U.S. net sales decreased 1 percent, to $210.4 million, compared with fourth
quarter 2006. Compared with the fourth quarter of 2006, fourth quarter 2007 net sales in the
companys Europe, Middle-East & Africa region (EMEA which includes Europe-direct and regional
distributors) increased 2 percent to $76.0 million; net sales in the companys Latin America & Asia
Pacific region (LAAP which includes Japan, Korea and regional distributors) increased 26 percent
to $59.7 million; and Canada net sales increased 10 percent to $30.6 million. Changes in foreign
currency exchange rates compared with the fourth quarter of 2006 contributed 3 percentage points of
consolidated net sales growth, 8 percentage points in EMEA net sales growth, 3 percentage points in
LAAP net sales growth and 14 percentage points in Canada net sales growth (see Geographical Net
Sales table below).
For the fourth quarter of 2007, outerwear net sales increased 1 percent to $182.2 million,
sportswear net sales increased 7 percent to $116.2 million, footwear net sales increased 7 percent
to $60.6 million, and accessories and equipment net sales increased 7 percent to $17.7 million
compared to the fourth quarter of 2006 (see Categorical Net Sales table below).
Fourth quarter 2007 Columbia brand net sales increased 6 percent to $330.0 million, Mountain
Hardwear net sales increased 15 percent to $23.9 million, Sorel net sales increased 3 percent to
$19.8 million, Montrail net sales decreased 23 percent to $1.7 million and Pacific Trail decreased
85 percent to $1.3 million, compared to the fourth quarter of 2006. (see Brand Net Sales table
below).
Tim Boyle, Columbias president and chief executive officer, commented, Were pleased with our
fourth quarter operating performance against an increasingly challenging retail and economic
backdrop. Fourth quarter operating margins remained comparable to last years fourth quarter, and
for the full year we achieved improved operating margins of 14.7 percent compared to 14.0 percent
in 2006.
In 2008, well continue implementing the strategic initiatives we introduced last year. Weve
taken steps to strengthen our European management team in an effort to return that region to growth
and improved profitability as quickly as possible. Our initiative to expand the companys
direct-to-consumer retail operations to enhance our wholesale distribution and better manage
channel inventories is off to a good start, with plans to open additional new outlets and
first-line retail stores in 2008. This Spring well launch integrated marketing initiatives to
better communicate to retailers and consumers the performance propositions of our OMNI-SHADE and
TECHLITE technology platforms and to drive sell-through of our products. The expanded retail
initiative, coupled with our planned increases in marketing and advertising, may preclude us from
achieving operating margin leverage in 2008; however, we expect these initiatives will strengthen
our brands and will be accretive to earnings in the long-term.
Mr. Boyle concluded, As 2008 gets underway, we are acutely aware of the economic uncertainties
surrounding the broad consumer sector. However, our nearly 70 years of experience tells us that
tough economic conditions dont damage strong brands that are supported by strong balance sheets
and founded on healthy retail relationships. Tough economic conditions offer strong brands the
opportunity to reinforce and expand emotional ties with customers and consumers who are seeking
real value and who tend to lean more heavily on the brands theyve come to trust. We intend to
continue to earn the trust of our customers, our consumers and our investors by focusing on the
executional challenges that weve set for ourselves in 2008. Columbias strong customer
relationships, strong brand portfolio and solid balance sheet provide a great foundation from which
to invest for future growth.
Fiscal 2007 Results
For 2007, the Company achieved record net sales of $1,356.0 million, an increase of 5 percent over
net sales of $1,287.7 million for 2006.
2007 income from operations increased to $199.1 million and 14.7 percent of net sales, compared to
income from operations of $179.8 million, or 14.0 percent of net sales, in 2006. These improved
operating margins were also consistent with the companys previously stated goals for the year.
Net income for 2007 totaled a record $144.5 million, or $3.96 per diluted share, a 17 percent
increase compared to net income of $123.0 million, or $3.36 per diluted share, for 2006.
2007 U.S. net sales increased 2 percent, to $767.2 million, compared with 2006; EMEA net sales
increased 5 percent to $287.0 million; LAAP net sales increased 23 percent to $175.7 million; and
Canada net sales increased 5 percent to $126.1 million. Changes in foreign currency exchange rates
compared with 2006 contributed 2 percentage points of consolidated net sales growth, 6 percentage
points in EMEA net sales growth, 1 percentage point in LAAP net sales growth and 5 percentage
points in Canada net sales growth. (see Geographical Net Sales table below).
Compared with 2006, fiscal year 2007 outerwear net sales were level at $497.6 million, sportswear
net sales increased 11 percent to $565.6 million, footwear net sales increased 4 percent to $227.4
million, and equipment and accessories net sales increased 5 percent to $65.4 million. (see
Categorical Net Sales table below).
2007 Columbia brand net sales increased 7 percent to $1.2 billion, Mountain Hardwear net sales
increased 12 percent to $82.6 million, Sorel net sales were level at $45.6 million, Montrail net
sales decreased 9 percent to $12.7 million and Pacific Trail net sales decreased 83 percent to $3.9
million, compared with 2006. (see Brand Net Sales table below).
Dividend and Share Repurchase
The Company announced today that the board of directors have approved a dividend of $0.16 per
share, payable on March 6, 2008 to shareholders of record on February 21, 2008. During the fourth
quarter, the Company repurchased approximately 319,000 shares of common stock at an aggregate
purchase price of $14.5 million. The Company has repurchased a total of approximately 6.6 million
shares at an aggregate purchase price of $316.1 million of the $400 million authorized since the
inception of the stock repurchase program in 2004.
Guidance
The company currently expects consolidated 2008 first quarter net sales to decrease approximately 2
percent compared with consolidated net sales of $289.6 million in last years comparable period.
The company expects first quarter diluted earnings per share of approximately $0.51, compared to
last years first quarter earnings per diluted share of $0.71. Spring product sales have
historically accounted for a minority of the companys full year business, making it difficult to
project full year revenue and profitability levels until the company has more visibility into the
fall 2008 season. In keeping with its standard practice, the company will announce first quarter
2008 results in late April and will also announce fall 2008 backlog and give net sales and earnings
guidance for the full year
at that time. All projections related to anticipated future results are forward-looking in nature
and are based on backlog and forecasts, which may change, perhaps significantly.
The company will host a conference call on Thursday, January 31, 2008 at 5:00 p.m. EST to discuss
fourth quarter and full year 2007 results, geographic and merchandise category performance, and
future growth opportunities. To participate, please dial 800-851-3059 in the United States (outside
the United States, please dial 706-679-8430), passcode 30434389. The call will also be webcast
live on the investor information section of the Companys website at www.columbia.com, where it
will remain available until Thursday, February 21, 2008.
Founded in 1938 in Portland, Oregon, Columbia Sportswear Company is a global leader in the design,
sourcing, marketing and distribution of active outdoor apparel and footwear. As one of the largest
outerwear manufacturers in the world and a leading seller of skiwear in the United States, the
Company has developed an international reputation for quality, performance, functionality and
value. The Company manages a portfolio of outdoor brands including Columbia Sportswear, Mountain
Hardwear, Sorel, Montrail and Pacific Trail. To learn more about Columbia, please visit the
Companys website at www.columbia.com.
This press release contains forward-looking statements, including Mr. Boyles statement regarding
anticipated revenues and earnings for the first quarter of 2008, growth in future periods, and
expected marketing, product, brand and retail initiatives, and the information contained in the
paragraph above entitled Guidance. Actual results could differ materially from those projected in
these and other forward-looking statements as a result of a number of risks and uncertainties,
including those set forth in this press release, those described in the Companys Quarterly Report
on Form 10-Q for the quarter ended September 30, 2007, under the heading Risk Factors, and other
risks and uncertainties that have been or may be described from time to time in other reports filed
by the Company, including reports on Form 8-K, Form 10-Q, and Form 10-K. Risk factors that may
affect our future revenues, earnings and performance include unfavorable economic conditions
generally and weakness in consumer confidence; our ability to successfully execute our retail
initiatives; international risks, including changes in quotas and tariffs or other duties,
political instability in foreign markets, exchange rate fluctuations, and trade disruptions;
changes in governmental regulations and adverse conclusions of governmental audits; our ability to
attract and retain key employees; the financial health of our customers; our ability to effectively
deliver our products to customers in a timely manner; our reliance on product acceptance by
consumers; the effects of unseasonable weather (including, for example, warm weather in the winter
and cold weather in the spring, which affects demand for the Companys products); our ability to
manage acquired businesses; our dependence on independent manufacturers and suppliers; the
effectiveness of our sales and marketing efforts; intense competition in the industry (which we
expect to increase); business disruptions and acts of terrorism or military activities around the
globe; the effective implementation and expansion of our distribution facilities; the operations of
our computer systems and third party computer systems; and our ability to establish and protect our
intellectual property. Although forward-looking statements help provide complete information about
the Company, please keep in mind that forward-looking statements are inherently less reliable than
historical information. We do not undertake any duty to update any of the forward-looking
statements after the date of this release to conform them to actual results or to changes in our
expectations.
COLUMBIA SPORTSWEAR COMPANY
CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
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December 31, |
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2007 |
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2006 |
|
Current Assets: |
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|
|
|
|
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|
Cash and cash equivalents |
|
$ |
191,950 |
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|
$ |
64,880 |
|
Short-term investments |
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|
81,598 |
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|
|
155,170 |
|
Accounts receivable, net |
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|
300,506 |
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|
|
285,858 |
|
Inventories, net |
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|
265,874 |
|
|
|
212,323 |
|
Deferred income taxes |
|
|
31,169 |
|
|
|
26,740 |
|
Prepaid expenses and other current assets |
|
|
14,567 |
|
|
|
12,713 |
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|
|
|
|
|
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Total current assets |
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|
885,664 |
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|
|
757,684 |
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|
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|
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Property, plant and equipment, net |
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|
210,450 |
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|
199,426 |
|
Intangibles and other assets |
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|
70,367 |
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|
70,179 |
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Total assets |
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$ |
1,166,481 |
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$ |
1,027,289 |
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Current Liabilities: |
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Notes payable |
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$ |
|
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$ |
3,540 |
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Accounts payable |
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|
95,412 |
|
|
|
88,107 |
|
Accrued liabilities |
|
|
63,498 |
|
|
|
65,327 |
|
Income taxes payable |
|
|
7,436 |
|
|
|
31,523 |
|
Current portion of long-term debt |
|
|
185 |
|
|
|
159 |
|
|
|
|
|
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Total current liabilities |
|
|
166,531 |
|
|
|
188,656 |
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|
|
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|
|
|
|
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Long-term debt and other liabilities |
|
|
20,861 |
|
|
|
136 |
|
Deferred income taxes |
|
|
8,968 |
|
|
|
7,794 |
|
Shareholders equity |
|
|
970,121 |
|
|
|
830,703 |
|
|
|
|
|
|
|
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Total liabilities and shareholders equity |
|
$ |
1,166,481 |
|
|
$ |
1,027,289 |
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CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
(Unaudited)
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Three Months Ended December 31, |
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Twelve Months Ended December 31, |
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2007 |
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2006 |
|
|
2007 |
|
|
2006 |
|
Net sales |
|
$ |
376,758 |
|
|
$ |
361,768 |
|
|
$ |
1,356,039 |
|
|
$ |
1,287,672 |
|
Cost of sales |
|
|
217,811 |
|
|
|
212,022 |
|
|
|
776,288 |
|
|
|
746,617 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Gross profit |
|
|
158,947 |
|
|
|
149,746 |
|
|
|
579,751 |
|
|
|
541,055 |
|
|
|
|
42.2 |
% |
|
|
41.4 |
% |
|
|
42.8 |
% |
|
|
42.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general, and administrative expense |
|
|
103,989 |
|
|
|
96,577 |
|
|
|
385,769 |
|
|
|
366,768 |
|
Net licensing income |
|
|
(1,851 |
) |
|
|
(2,136 |
) |
|
|
(5,157 |
) |
|
|
(5,486 |
) |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from operations |
|
|
56,809 |
|
|
|
55,305 |
|
|
|
199,139 |
|
|
|
179,773 |
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|
|
|
|
|
|
|
|
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|
|
|
|
|
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|
|
Interest (income) expense, net |
|
|
(1,837 |
) |
|
|
(822 |
) |
|
|
(8,888 |
) |
|
|
(5,562 |
) |
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|
|
|
|
|
|
|
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|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
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|
Income before income tax |
|
|
58,646 |
|
|
|
56,127 |
|
|
|
208,027 |
|
|
|
185,335 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
|
|
12,926 |
|
|
|
17,740 |
|
|
|
63,575 |
|
|
|
62,317 |
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Net income |
|
$ |
45,720 |
|
|
$ |
38,387 |
|
|
$ |
144,452 |
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|
$ |
123,018 |
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Net income per share: |
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|
|
|
|
|
|
|
|
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|
|
|
|
|
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Basic |
|
$ |
1.27 |
|
|
$ |
1.07 |
|
|
$ |
4.00 |
|
|
$ |
3.39 |
|
Diluted |
|
|
1.26 |
|
|
|
1.06 |
|
|
|
3.96 |
|
|
|
3.36 |
|
Weighted average shares outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Basic |
|
|
35,957 |
|
|
|
35,883 |
|
|
|
36,106 |
|
|
|
36,245 |
|
Diluted |
|
|
36,171 |
|
|
|
36,301 |
|
|
|
36,434 |
|
|
|
36,644 |
|
COLUMBIA SPORTSWEAR COMPANY
(In millions, except percentage changes)
(Unaudited)
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|
|
|
|
|
|
|
|
|
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|
Three Months Ended December 31, |
|
|
Twelve Months Ended December 31, |
|
|
|
2007 |
|
|
2006 |
|
|
% Change |
|
|
2007 |
|
|
2006 |
|
|
% Change |
|
Geographical Net Sales to Unrelated Entities: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
|
210.4 |
|
|
|
212.4 |
|
|
|
(1 |
)% |
|
|
767.2 |
|
|
|
752.0 |
|
|
|
2 |
% |
Europe, Middle East, & Africa |
|
|
76.0 |
|
|
|
74.2 |
|
|
|
2 |
% |
|
|
287.0 |
|
|
|
272.6 |
|
|
|
5 |
% |
Latin America & Asia Pacific |
|
|
59.7 |
|
|
|
47.5 |
|
|
|
26 |
% |
|
|
175.7 |
|
|
|
142.9 |
|
|
|
23 |
% |
Canada |
|
|
30.6 |
|
|
|
27.7 |
|
|
|
10 |
% |
|
|
126.1 |
|
|
|
120.2 |
|
|
|
5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
376.7 |
|
|
|
361.8 |
|
|
|
4 |
% |
|
|
1,356.0 |
|
|
|
1,287.7 |
|
|
|
5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Categorical Net Sales to Unrelated Entities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outerwear |
|
|
182.2 |
|
|
|
180.3 |
|
|
|
1 |
% |
|
|
497.6 |
|
|
|
496.5 |
|
|
|
|
|
Sportswear |
|
|
116.2 |
|
|
|
108.5 |
|
|
|
7 |
% |
|
|
565.6 |
|
|
|
509.1 |
|
|
|
11 |
% |
Footwear |
|
|
60.6 |
|
|
|
56.4 |
|
|
|
7 |
% |
|
|
227.4 |
|
|
|
219.7 |
|
|
|
4 |
% |
Accessories & Equipment |
|
|
17.7 |
|
|
|
16.6 |
|
|
|
7 |
% |
|
|
65.4 |
|
|
|
62.4 |
|
|
|
5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
376.7 |
|
|
|
361.8 |
|
|
|
4 |
% |
|
|
1,356.0 |
|
|
|
1,287.7 |
|
|
|
5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brand Net Sales to Unrelated Entities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Columbia |
|
|
330.0 |
|
|
|
311.1 |
|
|
|
6 |
% |
|
|
1,211.2 |
|
|
|
1,131.9 |
|
|
|
7 |
% |
Sorel |
|
|
19.8 |
|
|
|
19.2 |
|
|
|
3 |
% |
|
|
45.6 |
|
|
|
45.8 |
|
|
|
|
|
Mountain Hardwear |
|
|
23.9 |
|
|
|
20.7 |
|
|
|
15 |
% |
|
|
82.6 |
|
|
|
73.6 |
|
|
|
12 |
% |
Montrail |
|
|
1.7 |
|
|
|
2.2 |
|
|
|
(23 |
)% |
|
|
12.7 |
|
|
|
14.0 |
|
|
|
(9 |
)% |
Pacific Trail |
|
|
1.3 |
|
|
|
8.6 |
|
|
|
(85 |
)% |
|
|
3.9 |
|
|
|
22.4 |
|
|
|
(83 |
)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
376.7 |
|
|
|
361.8 |
|
|
|
4 |
% |
|
|
1,356.0 |
|
|
|
1,287.7 |
|
|
|
5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
COLUMBIA SPORTSWEAR COMPANY
Quarterly Geographic Net Sales Reclassified
(In millions)
(Unaudited)
(See NOTE below)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FISCAL YEAR 2007 |
|
|
|
Q1 |
|
|
Q2 |
|
|
Q3 |
|
|
Q4 |
|
|
2007 |
|
Geographical Net Sales to Unrelated Entities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
|
155.5 |
|
|
|
117.1 |
|
|
|
284.2 |
|
|
|
210.4 |
|
|
|
767.2 |
|
Europe, Middle East, & Africa |
|
|
67.6 |
|
|
|
56.2 |
|
|
|
87.2 |
|
|
|
76.0 |
|
|
|
287.0 |
|
Latin America & Asia Pacific |
|
|
40.7 |
|
|
|
33.4 |
|
|
|
41.9 |
|
|
|
59.7 |
|
|
|
175.7 |
|
Canada |
|
|
25.8 |
|
|
|
11.9 |
|
|
|
57.8 |
|
|
|
30.6 |
|
|
|
126.1 |
|
|
|
|
Total |
|
|
289.6 |
|
|
|
218.6 |
|
|
|
471.1 |
|
|
|
376.7 |
|
|
|
1,356.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FISCAL YEAR 2006 |
|
|
|
Q1 |
|
|
Q2 |
|
|
Q3 |
|
|
Q4 |
|
|
2006 |
|
Geographical Net Sales to Unrelated Entities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
|
144.4 |
|
|
|
118.9 |
|
|
|
276.3 |
|
|
|
212.4 |
|
|
|
752.0 |
|
Europe, Middle East, & Africa |
|
|
57.3 |
|
|
|
51.4 |
|
|
|
89.7 |
|
|
|
74.2 |
|
|
|
272.6 |
|
Latin America & Asia Pacific |
|
|
32.1 |
|
|
|
28.8 |
|
|
|
34.5 |
|
|
|
47.5 |
|
|
|
142.9 |
|
Canada |
|
|
26.4 |
|
|
|
12.5 |
|
|
|
53.6 |
|
|
|
27.7 |
|
|
|
120.2 |
|
|
|
|
Total |
|
|
260.2 |
|
|
|
211.6 |
|
|
|
454.1 |
|
|
|
361.8 |
|
|
|
1,287.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FISCAL YEAR 2005 |
|
|
|
Q1 |
|
|
Q2 |
|
|
Q3 |
|
|
Q4 |
|
|
2005 |
|
Geographical Net Sales to Unrelated Entities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
|
136.3 |
|
|
|
110.3 |
|
|
|
244.9 |
|
|
|
185.4 |
|
|
|
676.9 |
|
Europe, Middle East, & Africa |
|
|
55.2 |
|
|
|
43.3 |
|
|
|
81.9 |
|
|
|
62.8 |
|
|
|
243.2 |
|
Latin America & Asia Pacific |
|
|
28.3 |
|
|
|
22.9 |
|
|
|
30.4 |
|
|
|
39.3 |
|
|
|
120.9 |
|
Canada |
|
|
25.9 |
|
|
|
9.7 |
|
|
|
52.6 |
|
|
|
26.6 |
|
|
|
114.8 |
|
|
|
|
Total |
|
|
245.7 |
|
|
|
186.2 |
|
|
|
409.8 |
|
|
|
314.1 |
|
|
|
1,155.8 |
|
|
|
|
|
|
|
NOTE: |
|
During 4Q 2007, the company recast its geographical net sales reporting to better
reflect its internal management and oversight structure. Previously reported quarterly
geographical net sales information for fiscal years 2007, 2006 and 2005 has been recast in
the above schedule to reflect this change. This data is also available in downloadable
format at the companys web site at
www.columbia.com/who/investor_relations/press_releases.aspx. |
###