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) reported a 16% increase in Q1 net sales to $178.3 million, driven by a 27% rise in Fishing sales. However, the company experienced significant revenue declines in Camping (down 18%) and Watercraft Recreation (down 34%) due to softening post-pandemic demand. Operating profit fell to $5.5 million from $13.8 million last year, with gross margin shrinking to 35.2%. Net income decreased to $5.9 million ($0.57 per diluted share), down from $10.9 million ($1.07 per diluted share). The company maintains a healthy cash position of $103.4 million and remains focused on managing inventory levels and strategic investments amid rising costs.
JOHNSON OUTDOORS (Nasdaq: JOUT) will announce its financial results for the first quarter of Fiscal 2023 on February 3, 2023, before market open. An accompanying conference call and audio webcast will be held at 11:00 a.m. Eastern Time the same day to discuss the results and provide company updates. Investors can access the live call via the company’s homepage, with a replay available for 30 days. Johnson Outdoors is known for its leading outdoor recreation equipment brands, including Old Town, Minn Kota, and SCUBAPRO, emphasizing innovation in Watercraft Recreation, Fishing, Diving, and Camping.
Johnson Outdoors Inc. (Nasdaq:JOUT) announced that director William D. Perez will not seek re-election during the 2023 Annual Shareholder Meeting. CEO Helen Johnson-Leipold praised Perez for his invaluable contributions over the past five years, stating his expertise has strengthened the company. Johnson Outdoors is a key player in outdoor recreation, offering brands across watercraft, fishing, diving, and camping categories.
Johnson Outdoors Inc. (Nasdaq:JOUT) reported a 1% decline in sales to $743.4 million for fiscal 2022, reflecting challenges in the Fishing segment. Operating profit decreased 40% to $66.3 million, and net income fell 47% to $44.5 million. Despite strong demand, Fishing revenue declined by 5% due to supply chain issues. In contrast, Camping saw a 12% increase, while Diving rose by 14%. The fourth-quarter sales improved by 18% to $196.4 million, signaling a recovery in supply chain conditions. The company ended with a debt-free balance sheet and announced a 3% dividend increase.
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.
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