Riding the momentum it had generated in Omni-Heat, Columbia generated net income of $36,728,000, up 40% from last year, for the final period of 2011 as revenues gained 15% to $526,076,000 from $457,259,000. However, citing the warm weather and challenging economic climate in the U.S. and Europe that led to cancellations, lower reorders than anticipated and a slowdown in direct-to-consumer sales, COLM forecast sales and earnings growth in the low-single digits for 2012 and said it was implementing cost controls to ensure that expenses did not grow faster than sales.

For the year, COLM had record results, with net income at ... Log in to view full article.