Johnson Outdoors Inc - JOUT STOCK NEWS

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.

Johnson Outdoors (Nasdaq: JOUT) will announce its Fiscal 2021 Q1 financial results on February 5, 2021, before the market opens. Following this, the company will hold a conference call at 11:00 a.m. ET to discuss the results and provide updates. Interested parties can access a live webcast from the Johnson Outdoors homepage, with a replay available for 30 days. Johnson Outdoors is known for its leadership in outdoor recreation equipment across categories such as Watercraft Recreation, Fishing, Diving, and Camping.

Johnson Outdoors Inc. (Nasdaq: JOUT) will host its Annual Shareholders meeting on February 25, 2021, at 10:00 a.m. CT, as a virtual event due to COVID-19 concerns. Shareholders of record by December 18, 2020, can participate and vote online. Details regarding the meeting agenda will be provided in the Proxy Statement sent to shareholders around January 8, 2021. The proxy materials will also be available on the company’s website. Johnson Outdoors is renowned for its outdoor recreation equipment, including brands like Old Town, Minn Kota, and SCUBAPRO.

Johnson Outdoors Inc. (Nasdaq:JOUT) reported increased revenue and earnings for the fiscal year ending October 2, 2020, driven by heightened demand in Fishing, Camping, and Watercraft Recreation sectors. Total revenue rose 6% to $594.2 million, with a strong performance in the fourth quarter where sales surged 58% year-over-year to $164.7 million. Operating profit for the year was $71.1 million, up from $63.8 million, and net income increased 7% to $55.2 million. The company maintained a debt-free status with cash and short-term investments totaling $212.4 million.