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 2021 fourth quarter financial results on December 10, 2021, before the market opens. A conference call will follow at 11:00 a.m. ET, providing insights into the financial outcomes and company updates. Investors can access a live webcast of the call on the company’s website, with a replay available for 30 days. As a leading innovator in outdoor recreation, Johnson Outdoors offers products across watercraft recreation, fishing, diving, and camping, featuring popular brands like Old Town and Humminbird.
Johnson Outdoors Inc. (Nasdaq: JOUT) announced a 43% increase in its quarterly cash dividend, raising it to $0.30 per share for Class A and $0.2727 for Class B shareholders. This decision reflects the company's strong balance sheet and confidence in its future performance. The dividend is payable on October 29, 2021, to shareholders on record by October 15, 2021. The company continues to lead in outdoor recreation equipment innovation, enhancing its product offerings across multiple categories.
Johnson Outdoors reported robust financial results for its third fiscal quarter ending July 2, 2021, with net sales increasing by 54% to $213.6 million. Year-to-date revenue rose 36% to $585.4 million, with net income more than doubling to $28.8 million, or $2.83 per diluted share. Strong demand was observed across all sectors, particularly in Fishing (up 51%) and Camping (up 84%). Despite increased operating expenses, operating profit surged 90% to $97.7 million. The company emphasizes continued efforts to manage supply chain challenges and maintain dividend payments.
Johnson Outdoors (Nasdaq: JOUT) is set to release its financial results for the Fiscal 2021 third quarter on August 9, 2021, before market open. Following the release, the company will host a conference call and audio webcast at 11:00 a.m. Eastern Time to discuss the results and provide updates. Johnson Outdoors is recognized for its innovative outdoor recreation equipment, with notable brands including Old Town, Ocean Kayak, and Minn Kota, among others. Investors can access the call through the company's website, with a replay available for 30 days.
Johnson Outdoors (Nasdaq: JOUT) announced the appointment of Annie Zipfel and Paul Alexander as independent directors to its Board, effective May 26, 2021. This expands the Board to ten members after Terry London's retirement on May 3, 2021. Zipfel, an experienced marketing leader, previously worked with Starbucks and REI, while Alexander holds a significant marketing background with Eastern Bank and Liberty Mutual Insurance. The company anticipates leveraging their expertise for strategic growth in its outdoor recreation segments.
Johnson Outdoors Inc. (Nasdaq:JOUT) has announced a quarterly cash dividend of $0.21 per Class A share and $0.191 per Class B share, approved by its Board of Directors. This dividend is set to be paid on July 29, 2021, to shareholders on record by July 15, 2021. The company is a leader in outdoor recreation equipment, providing popular brands in watercraft, fishing, diving, and camping. This announcement marks a continued commitment to shareholder returns amidst a dynamic market landscape.
Johnson Outdoors reported a robust performance for Q2 of fiscal 2021, with net sales up 26% to $206.2 million from $163.1 million year-over-year. Fishing revenue increased by 19.5%, and year-to-date sales surged 28% to $371.8 million. Operating profit rose 54.4% to $59.6 million, while net income reached $47.7 million, or $4.70 per diluted share. Despite a slight dip in gross margin to 45.2%, due to tariffs and freight costs, strong demand across all product lines highlights the company’s solid market position.
Johnson Outdoors Inc. (JOUT) will release its fiscal 2021 second quarter financial results on May 7, 2021, prior to market opening. A conference call will follow at 11:00 a.m. Eastern Time for discussion of the results and a company update. The call will be accessible via the company's website, with a replay available for 30 days. Johnson Outdoors is recognized for its innovative outdoor recreation products across various categories, including watercraft, fishing, diving, and camping.
Johnson Outdoors (Nasdaq:JOUT) has announced a quarterly cash dividend of $0.21 per Class A share and $0.191 per Class B share, approved by its Board of Directors. The dividend is set to be paid on April 29, 2021, to shareholders recorded by April 15, 2021. This decision underscores the company's commitment to returning value to shareholders while navigating market challenges. Johnson Outdoors, a leader in outdoor recreation equipment, continues to innovate in various product categories such as Fishing, Diving, and Camping.
Johnson Outdoors Inc. (JOUT) announced a remarkable increase in sales and earnings for its first fiscal quarter ending January 1, 2021. Net sales surged by 29% year-over-year to $165.7 million, driven by strong demand in Fishing, Camping, and Watercraft Recreation. Although Diving sales fell 14% due to travel restrictions, the overall operating profit rose to $23.6 million from $6.8 million in the previous year. Net income nearly tripled to $19.8 million, or $1.96 per diluted share, bolstered by increased gross margins and effective cost management.
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