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) 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.
Johnson Outdoors Inc. (Nasdaq:JOUT) has appointed Terry Troutman as the new Vice President of Global Operations and Supply Chain. Reporting to CEO Helen Johnson-Leipold, Troutman will manage worldwide operations and lead carbon footprint initiatives. With extensive experience in operations and supply chain from his previous role at Instant Brands, Troutman aims to enhance the company's capabilities in a challenging supply chain environment. Johnson Outdoors is recognized for its innovative outdoor recreation equipment across various categories, including fishing, diving, and camping.
Johnson Outdoors Inc. (JOUT) reported a 7% decline in net sales for Q1 FY2022, totaling $153.5 million, compared to the previous year's record. Despite strong demand, fishing sales fell 15% due to supply chain issues, while camping, watercraft recreation, and diving segments saw increases of 16%, 17%, and 17%, respectively. Operating profit dropped to $13.8 million, with net income at $10.9 million or $1.07 per share. The company maintains a robust cash position of $167.5 million and continues to adapt to supply chain challenges.
Johnson Outdoors (JOUT) will announce its Fiscal 2022 Q1 financial results on February 4, 2022, prior to market opening. Following the release, the company will hold a conference call and audio webcast at 11:00 a.m. ET to discuss the results and provide updates. Investors can listen to the event via the company’s website, with a replay available for 30 days. Johnson Outdoors specializes in outdoor recreation equipment and technology, offering popular brands in categories like Watercraft Recreation, Fishing, Diving, and Camping.
Johnson Outdoors Inc. (Nasdaq: JOUT) announced that Thomas F. Pyle, Jr. will not seek re-election to the board during the 2022 Annual Shareholder Meeting. Pyle has served on the board since 1987, contributing significantly to the company's evolution as a leader in outdoor recreation equipment. The company expressed gratitude for his 34 years of service. Johnson Outdoors is recognized for its diverse brands in watercraft recreation, fishing, diving, and camping, including Old Town, Minn Kota, and Jetboil.
Johnson Outdoors Inc. (Nasdaq: JOUT) announced its Annual Shareholders Meeting will be held virtually on February 24, 2022, at 8:00 a.m. CT due to COVID-19 concerns. Shareholders as of December 17, 2021, can participate online, vote, and ask questions during the meeting. Access will be available through a dedicated link with a control number from proxy materials. The Proxy Statement will be mailed on January 7, 2022, and available on the company's website along with the Annual Report.
Johnson Outdoors Inc. (Nasdaq:JOUT) reported a strong fiscal year ending October 1, 2021, with a 26% increase in revenue to $751.7 million and a 51% rise in net income to $83.4 million. Key growth drivers included Fishing (up 23%), Camping (up 51%), and Watercraft Recreation (up 59%). Net earnings per share reached $8.21.
Despite ongoing supply chain challenges, operating profits rose 56.6% to $111.3 million. The company also raised its quarterly dividend by 43%. Strong cash position allows strategic investment while maintaining dividends.
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