COLM - Columbia Sportswear Company (COLM) Q1 2024 Earnings Call Transcript

2024-04-25 18:50:24 ET

Columbia Sportswear Company (COLM)

Q1 2024 Earnings Conference Call

April 25, 2024 05:00 PM ET

Company Participants

Andrew Burns - Vice President, Investor Relations & Strategic Planning

Tim Boyle - Chairman, President & Chief Executive Officer

Jim Swanson - Executive Vice President & Chief Financial Officer

Conference Call Participants

Bob Drbul - Guggenheim

Laurent Vasilescu - BNP

Jim Duffy - Stifel

Jonathan Komp - Baird

Mitch Kummetz - Seaport Research

Alex Douglas - TD Cowen

Paul Lejuez - Citigroup

Alex Perry - Bank of America

Mauricio Serna - UBS

Presentation

Operator

Greetings. Welcome to the Columbia Sportswear First Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to your host, Andrew Burns. You may begin.

Andrew Burns

Good afternoon and thanks for joining us to discuss Columbia Sportswear Company’s first quarter results. In addition to the earnings release, we furnished an 8-K containing a detailed CFO commentary and financial review presentation explaining our results. This document is also available on our Investor Relations' website, investor.columbia.com.

With me today on the call are Chairman, President and Chief Executive Officer, Tim Boyle; Executive Vice President and Chief Financial Officer, Jim Swanson; and Executive Vice President, Chief Administrative Officer and General Counsel, Peter Bragdon.

This conference call will contain forward-looking statements regarding Columbia’s expectations, anticipations, or beliefs about the future. These statements are expressed in good faith and are believed to have a reasonable basis. However, each forward-looking statement is subject to many risks and uncertainties and actual results may differ materially from what is projected.

Many of these risks and uncertainties are described in Columbia’s SEC filings. We caution 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 conference call to conform the forward-looking statements to actual results or to changes in our expectations.

I’d also like to point out that during the call, we may reference certain non-GAAP financial measures, including constant currency net sales. For further information about non-GAAP financial measures and results, including a reconciliation of GAAP to non-GAAP measures and an explanation of management’s rationale for referencing these non-GAAP measures, please refer to the supplemental financial information section and financial tables included in our earnings release and the appendix of our CFO commentary and financial review....

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