Columbia Sportswear Company Reports Record Fourth Quarter and Fiscal Year 2003 Results; Fiscal 2004 Net Income Estimated to Increase Up to 10 Percent.

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Columbia Sportswear Company Reports Record Fourth Quarter and Fiscal Year 2003 Results; Fiscal 2004 Net Income Estimated to Increase Up to 10 Percent.

Business Editors

PORTLAND, Ore.--(BUSINESS WIRE)--Jan. 29, 2004

Columbia Sportswear Company (Nasdaq:COLM):

Highlights:

-- Fourth quarter global sales increased 18.5 percent to $257.4

million, a fourth quarter record. Excluding changes in

currency exchange rates, fourth quarter sales increased 13.1

percent.

-- Fourth quarter net income increased 10.5 percent to a record

$32.2 million, or $0.79 per diluted share, compared to $0.72

last year.

-- Fiscal 2003 global sales were a record $951.8 million, a 16.6

percent increase over 2002 results. Fiscal 2003 net income

increased 17.2 percent to a record $120.1 million for ...

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