Welcome to our dedicated page for Johnson Outdoors news (Ticker: JOUT), a resource for investors and traders seeking the latest updates and insights on Johnson Outdoors stock.
Johnson Outdoors Inc. (Nasdaq: JOUT) is a leading global innovator in outdoor recreation equipment and technology. The company designs, manufactures, and markets a wide range of award-winning outdoor products across four main segments: Fishing, Watercraft Recreation, Camping, and Diving. Notable brands under Johnson Outdoors include Old Town® canoes and kayaks, Minn Kota® trolling motors and marine battery chargers, Humminbird® fish finders and GPS systems, and SCUBAPRO® dive equipment.
Founded in 1970 by Samuel C. Johnson, the company has grown from a single brand into a nearly $400 million enterprise, employing around 1,300 people across 16 countries. Johnson Outdoors prides itself on its market-leading innovation, blending a passion for the outdoors with sophisticated market research and cutting-edge technology. This approach has helped the company achieve double-digit compound annual revenue growth over its history.
Recently, Johnson Outdoors announced it would be exiting its Eureka product lines to increase focus on the Jetboil franchise and its strong position in the cooking segment. Despite the challenging market conditions, particularly post-pandemic, the company continues to invest in new product launches and innovative technologies. For fiscal 2023, Johnson Outdoors reported a total revenue of $663.8 million, with significant contributions from its Fishing segment.
Financially, the company remains strong with a cash and investment reserve of $152.6 million and no debt on its balance sheet as of September 29, 2023. The company's strategic initiatives include improving profitability, enhancing digital presence, and managing higher-than-normal inventories. Johnson Outdoors also continues to pay dividends, with a recent 3 percent increase approved by its Board of Directors.
Looking ahead to fiscal 2024, Johnson Outdoors aims to outperform market challenges by focusing on cost-efficiency, investment in innovation, and maintaining a strong cash position to leverage strategic opportunities and support long-term growth.
Johnson Outdoors Inc. (Nasdaq: JOUT), a leading global innovator of outdoor recreation equipment and technology, has announced a quarterly cash dividend approved by its Board of Directors. The dividend amounts to $0.33 per Class A share and $0.30 per Class B share. Shareholders of record at the close of business on October 9, 2024, will receive the dividend payment on October 23, 2024.
Johnson Outdoors is known for its portfolio of consumer-preferred brands across four categories: Watercraft Recreation, Fishing, Diving, and Camping. The company's iconic brands include Old Town canoes and kayaks, Carlisle paddles, Minn Kota trolling motors, Cannon downriggers, Humminbird marine electronics, SCUBAPRO dive equipment, Jetboil outdoor cooking systems, and Eureka! camping gear.
Johnson Outdoors Inc. (Nasdaq:JOUT) reported a challenging fiscal third quarter ending June 28, 2024. Net sales declined 8% to $172.5 million, with an operating loss of $0.5 million compared to a $17.4 million profit in the prior year. Gross margin fell to 35.8% from 41.5% due to lower sales volumes and product mix changes. Net income decreased to $1.6 million ($0.16 per diluted share) from $14.8 million ($1.44 per diluted share).
Year-to-date results show a 14% decrease in net sales to $487.0 million. The company reported cash and short-term investments of $148.4 million. Despite challenges, Johnson Outdoors remains committed to cost-saving initiatives, inventory reduction, and strategic investments in innovation and digital capabilities to drive future growth.
Johnson Outdoors Inc. (Nasdaq: JOUT), a leading global innovator of outdoor recreation equipment and technology, has announced the release date for its Fiscal 2024 third quarter financial results. The company will unveil the results on Monday, August 5, 2024, before the market opens. Following the release, Johnson Outdoors will host a conference call and audio webcast at 11:00 a.m. Eastern Time to discuss the financial results and provide a company update.
Investors and interested parties can access a live listen-only webcast of the conference call through the Johnson Outdoors website. A replay of the call will be available on the Investor section of the company's website for 30 days following the event. Johnson Outdoors is known for its portfolio of popular outdoor recreation brands, including Old Town canoes and kayaks, Minn Kota trolling motors, Humminbird marine electronics, and Eureka! camping equipment.
Johnson Outdoors (Nasdaq: JOUT) announced that its Board of Directors approved a quarterly cash dividend of $0.33 per Class A share and $0.30 per Class B share. The dividend is payable on July 25, 2024, to shareholders of record as of July 11, 2024.
Johnson Outdoors is a prominent global innovator in outdoor recreation equipment and technology, with a diverse portfolio spanning watercraft recreation, fishing, diving, and camping. Key brands include Old Town canoes and kayaks, Minn Kota trolling motors, Humminbird marine electronics, and SCUBAPRO dive equipment.
Johnson Outdoors Inc. reported a decline in net sales and operating profit for the second fiscal quarter of 2024. The company's total net sales dropped by 13%, with an operating loss of $0.25 million compared to a profit of $11.4 million in the previous year. Gross margin decreased to 34.9% due to unfavorable overhead absorption and promotional price reductions. Profit before income taxes was $3.0 million, down from $19.9 million in the prior year. The year-to-date net sales for fiscal 2024 decreased by 17% to $314.5 million, with an operating loss of $0.2 million compared to a profit of $16.9 million in the prior year. Net income was $2.2 million for the second quarter, or $0.21 per diluted share, and $6.1 million for the year-to-date period, or $0.59 per diluted share.
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