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) announced a quarterly cash dividend of $0.31 for Class A shares and $0.2818 for Class B shares, approved by its Board of Directors. The dividend is payable on January 26, 2023, to shareholders on record as of January 12, 2023. This decision reflects the company's commitment to returning value to shareholders while maintaining a strong financial position in the outdoor recreation market.
Johnson Outdoors (Nasdaq: JOUT) will release its financial results for the Fiscal 2022 fourth quarter on December 9, 2022, before market open. A conference call will follow at 11:00 a.m. Eastern Time, where the company will discuss the results and provide updates. Johnson Outdoors is recognized for its innovative outdoor recreation equipment and technologies across categories such as Watercraft Recreation, Fishing, Diving, and Camping, with brands like Old Town® and Minn Kota®.
On September 29, 2022, Johnson Outdoors announced an increased quarterly cash dividend for its shareholders. Class A shareholders will receive $0.31 per share, while Class B shareholders will receive $0.2818 per share. The dividend reflects the company's strong balance sheet and confidence in its performance and strategic plans. This quarterly cash dividend is payable on October 27, 2022, to shareholders recorded by October 13, 2022.
Johnson Outdoors Inc. (Nasdaq:JOUT) reported lower sales and earnings for Q3 FY 2022, with net sales declining 5% to $203.8 million compared to the previous year. Fishing sales dropped 12%, largely due to ongoing supply chain challenges. Conversely, Camping revenue surged 32%, and Watercraft Recreation grew by 10%. Operating profit fell to $23.8 million, and net income was $14.1 million or $1.38 per diluted share, down from $28.8 million or $2.83 per diluted share last year. Year-to-date results also showed a 7% sales decline, and gross margins decreased significantly due to increased costs.
Johnson Outdoors (Nasdaq: JOUT) is set to release its Fiscal 2022 third-quarter financial results on August 5, 2022, before the market opens. Following the announcement, the company will hold a conference call and audio webcast at 11:00 a.m. Eastern Time to discuss the results and provide updates. The audio of the call will be available for replay on the company’s investor relations page for 30 days. Johnson Outdoors is recognized for its innovative outdoor recreation products across categories like fishing, diving, and camping.
The National Wildlife Federation has partnered with Johnson Outdoors to launch the Great American Campout, promoting responsible camping and environmental stewardship. The initiative, running from June to October, encourages participants to take the Clean Earth Challenge by collecting 1 million pieces of trash. The campaign aims to inspire families to connect with nature while leaving no waste behind. Frank Keating emphasized the importance of quality outdoor time, especially post-pandemic. This year marks the 18th annual event, celebrating camping as a means to enjoy and protect the environment.
Johnson Outdoors Inc. (Nasdaq: JOUT) has declared a quarterly cash dividend of $0.30 per Class A share and $0.2727 per Class B share, approved by its Board of Directors. This dividend will be payable on July 28, 2022, to shareholders on record by the close of business on July 14, 2022. Johnson Outdoors is known for its innovative outdoor recreation equipment across categories including fishing, diving, and camping, featuring respected brands like Old Town and Minn Kota.
Johnson Outdoors (Nasdaq:JOUT) reported a decline in Q2 sales and earnings for the fiscal quarter ending April 1, 2022. Total net sales decreased 8% to $189.6 million, with Fishing sales down 19% due to supply chain disruptions. However, Camping revenue rose 35%, and Diving sales increased 28%. Operating profit fell to $15.4 million from $36.0 million a year prior, while gross margin declined to 36.2%. Year-to-date, net income was $20.8 million or $2.04 per diluted share, down from $47.7 million or $4.70 in the prior year.
Johnson Outdoors is scheduled to release its Fiscal 2022 second quarter financial results on May 9, 2022, before the market opens. The company will host a conference call at 11:00 a.m. Eastern Time to discuss the results and provide updates. Investors can listen to the call through a live webcast or access a replay on the company's website for 30 days. Johnson Outdoors is known for its innovative outdoor recreation products, including brands like Old Town, Minn Kota, and SCUBAPRO.
On February 25, 2022, Johnson Outdoors (Nasdaq: JOUT) announced the Board's approval of a quarterly cash dividend, set at $0.30 per Class A share and $0.2727 per Class B share. This dividend is payable on April 28, 2022, to shareholders on record as of April 14, 2022. The company is renowned for its outdoor recreation equipment, encompassing notable brands such as Old Town, Minn Kota, and SCUBAPRO. This dividend reflects the company's ongoing commitment to return value to its shareholders.
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