For the year, operating income fell 13 percent to $393.1 million, down from $450.5 million in the prior year. Net income fell 12 percent to $311.4 million compared to $354.1 million in the prior year and diluted earnings per share dropped 7 percent to $4.95 compared to $5.33 in 2021. Sales for the period increased 11 percent to $3.5 billion, also a record for the company and the news that chairman, president and chief executive officer Tim Boyle focused on.
He pointed to several growth opportunities for the company going forward and said Columbia is investing in creating differentiated product that is functional and innovative, working to enhance customer experiences and focusing on omnichannel, global distribution.
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