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. (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.
Johnson Outdoors Inc. (Nasdaq:JOUT) has declared a quarterly cash dividend of $.21 per Class A share and $.191 per Class B share. This dividend is set to be paid on January 28, 2021, to shareholders on record as of January 14, 2021. The company is recognized as an innovator in outdoor recreation equipment, with a strong portfolio of brands in categories like watercraft, fishing, diving, and camping. This dividend reflects the company's ongoing commitment to returning value to its shareholders.
Johnson Outdoors (Nasdaq: JOUT) will announce its Fiscal 2020 fourth quarter financial results on December 11, 2020, before market opening. A conference call and audio webcast for investors will follow at 11:00 a.m. Eastern Time. This presentation will cover the quarterly results and provide a company update. Investors can access the live webcast via Johnson Outdoors' website, and a replay will be available for 30 days.
Johnson Outdoors (Nasdaq:JOUT) has announced an increase in its quarterly cash dividend, now set at $0.21 for Class A and $0.191 for Class B shareholders. This decision reflects the company's strong balance sheet and confidence in future business performance, according to CFO David W. Johnson. The dividend will be paid on October 23, 2020, to shareholders on record by October 9, 2020.
Johnson Outdoors reported lower sales and net income for Q3 2020, largely due to the COVID-19 pandemic. Total net sales decreased by 21.5% to $138.4 million, compared to $176.3 million last year. Fishing sales declined 20%, while Camping saw a 34% drop. Diving revenue plunged 47%. Operating profit fell to $12.9 million from $28.0 million, with net income at $12.9 million or $1.27 per share. Year-to-date net sales also dropped 6% to $429.5 million.
The company's healthy cash position of $181.4 million supports future growth despite challenges.
FAQ
What is the current stock price of Johnson Outdoors (JOUT)?
What is the market cap of Johnson Outdoors (JOUT)?
What does Johnson Outdoors Inc. specialize in?
What are some of the notable brands under Johnson Outdoors?
How has Johnson Outdoors performed financially in recent years?
What recent strategic decisions has Johnson Outdoors made?
What is the company's approach to innovation?
Who founded Johnson Outdoors Inc. and when?
What are the key financial metrics for Johnson Outdoors in fiscal 2023?
What is Johnson Outdoors' strategy for fiscal 2024?
What challenges did Johnson Outdoors face in fiscal 2023?
What is Johnson Outdoors' dividend policy?
