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October 28 , 2021 Columbia Sportswear Company . Columbia Sportswear Company Reports Third Quarter and First Nine Months 2021 Financial Results ; Updates Full Year 2021 Financial Outlook and Provides Preliminary 2022 Commentary Financial Highlights • Third quarter 2021 net sales increased 15 percent to $ 804.7 million , compared to third quarter 2020 . • Third quarter 2021 operating income increased 56 percent to $ 133.5 million , or 16.6 percent of net sales , compared to third quarter 2020 operating income of $ 85.6 million , or 12.2 percent of net sales . • Third quarter 2021 diluted earnings per share increased 62 percent to $ 1.52 , compared to $ 0.94 in third quarter 2020 . • Exited the quarter with $ 600.6 million in cash and short - term investments and no borrowings . • The Company repurchased $ 127.2 million of common stock in the first nine months of 2021 . • On October 22 , 2021 , the Board of Directors approved a regular quarterly dividend of $ 0.26 per share . Full Year 2021 Financial Outlook The following forward - looking statements reflect our expectations as of October 28 , 2021 and are subject to significant risks and business uncertainties , including those factors described under " Forward - Looking Statements " below . Additional disclosures and financial outlook details can be found in the Full Year 2021 Financial Outlook section below and the CFO Commentary and Financial Review presentation . ● Net sales of $ 3.04 to $ 3.08 billion ( prior $ 3.13 to $ 3.16 billion ) , representing net sales growth of 21.5 to 23.0 percent ( prior 25.0 to 26.5 percent ) compared to 2020 . Operating income of $ 384 to $ 405 million ( prior $ 365 to $ 386 million ) , representing operating margin of 12.6 to 13.2 percent ( prior 11.7 to 12.2 percent ) . • Diluted earnings per share of $ 4.55 to $ 4.80 ( prior $ 4.30 to $ 4.55 ) . PORTLAND , Ore .-- ( BUSINESS WIRE ) -- Columbia Sportswear Company ( NASDAQ : COLM , the " Company " ) , a leading innovator in outdoor , active and everyday lifestyle apparel , footwear , accessories and equipment products , today announced third quarter 2021 financial results for the period ended September 30 , 2021 .