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 (Nasdaq: JOUT) will announce its Fiscal 2023 second quarter financial results on May 5, 2023, prior to market opening. Following this, a conference call will take place at 11:00 a.m. Eastern Time to discuss these results and offer company updates. A live audio webcast will be available on the company’s website, with a replay accessible for 30 days in the investor section.
Recognized for its innovation in outdoor recreation equipment, Johnson Outdoors offers several well-known brands across Watercraft Recreation, Fishing, Diving, and Camping. These brands include Old Town®, Carlisle®, Minn Kota®, Cannon®, Humminbird®, SCUBAPRO®, Jetboil®, and Eureka!®.
Johnson Outdoors (Nasdaq:JOUT) has finalized an agreement to sell its Eureka! Military and Commercial Tents product lines to Rekord Group for approximately $13.7 million. The deal, expected to close by March 17, 2023, is conditioned on customary closing processes. Notably, this sale excludes the Eureka! brand name and consumer camping business, which will remain under Johnson Outdoors' operation. The transaction aims to strengthen Johnson's focus on its recreational camping segment. Rekord Group is poised to expand its offerings, benefiting from the acquisition.
Johnson Outdoors Inc. (Nasdaq: JOUT) has announced a quarterly cash dividend of $0.31 per Class A share and $0.2818 per Class B share, approved by its Board of Directors. The dividend is scheduled for payment on April 27, 2023, to shareholders recorded by April 13, 2023. Johnson Outdoors is recognized for its innovative outdoor recreation equipment, including brands like Old Town, Humminbird, and SCUBAPRO. The company emphasizes a commitment to quality and consumer satisfaction across categories such as fishing, diving, and camping.
Johnson Outdoors Inc. (Nasdaq: JOUT) will host its Annual Shareholders Meeting on March 1, 2023, at 8:00 a.m. Central Time. This virtual meeting allows shareholders of record as of December 21, 2022, to participate, vote, and ask questions via a live webcast. Access details and the 16-digit control number are included in the Notice of Annual Meeting. A replay will be available for 30 days post-meeting. Key voting information will be shared in the Proxy Statement mailed on January 9, 2023. Johnson Outdoors is recognized for its diverse portfolio in outdoor recreation equipment, including brands like Old Town, Minn Kota, SCUBAPRO, and Jetboil.
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