Johnson Outdoors

Johnson Outdoors, Inc. engages in the manufacturing and marketing of seasonal, outdoor recreation products. It operates through the following segments: Fishing, Camping, Watercraft Recreation, Diving, and Other. The Fishing segment includes the brands Minn Kota electric motors for quiet trolling or primary propulsion, marine battery chargers, and shallow water anchors, Humminbird sonar and GPS equipment for fishfinding, navigation and marine cartography, and Cannon downriggers for controlled-depth fishing. The Camping segment consists of Eureka! Consumer, commercial and military tents and accessories, sleeping bags, camping furniture and stoves and other recreational camping products, and Jetboil portable outdoor cooking systems. The Watercraft Recreation segment designs and markets canoes and kayaks, including pedal-driven and Minn Kota motor-driven kayaks, under the Ocean Kayaks and Old Town brand names for family recreation, touring, angling, and tripping. The Diving segment sells and distributes the SCUBAPRO brand. The company was founded by Samuel Curtis Johnson II in 1970 and is headquartered in Racine, WI.

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Johnson Outdoors reports sales growth but faces profit challenges in Q1 2023

Johnson Outdoors (JOUT) navigated a mixed performance in Q1 2023 with sales growth but profit challenges.
Operational strengths in Fishing contrasted with softening demand in Camping and Watercraft businesses.
The company's focus on innovation and cost management presents opportunities for future growth and efficiency.

Johnson Outdoors reports sales growth and profit increase in Q2

Johnson Outdoors delivered strong sales growth and improved profitability in Q2 2023.
While facing challenges in certain markets, the company's focus on innovation and brand strength remains a key asset.
Strategic adjustments and cost management efforts can position the company for sustained success.

Johnson Outdoors reports mixed Q3 results, focuses on innovation

Johnson Outdoors reported mixed performance in Q3, with sales declining but profits slightly increasing. The company's focus on innovation and market expansion in Fishing and Diving segments highlights strategic strengths.
Challenges lie in softening markets for Camping and Watercraft Recreation, as well as managing operating expenses amidst gross margin improvement. However, opportunities exist in international market growth and sustained innovation for long-term value creation.
By addressing market challenges, leveraging growth opportunities, and maintaining a balance between cost control and innovation, Johnson Outdoors aims to navigate industry dynamics effectively and deliver sustainable growth and profitability.

Johnson Outdoors reports decline in sales but showcases innovation strengths

Johnson Outdoors faced challenges in fiscal 2023 with declining sales, reduced profitability, and high inventory levels, particularly in Camping and Watercraft Recreation segments.
Despite these challenges, the company demonstrated strengths in innovation, cost-saving initiatives, and commitment to long-term growth strategies.
To capitalize on opportunities, Johnson Outdoors should focus on innovation, inventory management, and digital optimization to drive future growth and profitability.
Overall, Johnson Outdoors' performance in fiscal 2023 reflected a mix of challenges, strengths, and opportunities that will shape its strategic direction moving forward.

Johnson Outdoors reports Q1 sales decline, focuses on innovation

Johnson Outdoors faced challenges in Q1 2024 with a 22% decline in sales, driven by high retail inventory levels and slower consumer demand. Despite this, the company is investing in marketing, cost savings, and innovation to drive demand and strengthen brands.
Financially, Johnson Outdoors improved gross margin, decreased operating expenses, and increased inventory balance while maintaining a debt-free balance sheet and strong cash position. The company remains committed to delivering long-term value to shareholders.

Johnson Outdoors addresses challenges with innovation and cost-saving measures

Johnson Outdoors faced a decline in sales and net income in Q2 2024, driven by tough marketplace conditions and increased competition. The company is responding by investing in innovation, marketing, and cost-saving initiatives to drive long-term growth.
Efforts to reduce operating expenses and inventory levels are underway, with a focus on improving efficiency and profitability. Despite challenges, Johnson Outdoors is strategically positioned to capitalize on opportunities through new product launches and strategic investments.

Johnson Outdoors reports Q3 sales decline, focuses on innovation

Johnson Outdoors faced a decline in sales and an operating loss in Q3 2024, driven by low consumer demand for outdoor products. Efforts to reduce costs, innovate, and invest in e-commerce capabilities are key strategies to improve performance.
Despite challenges such as cautious retailers and ongoing inventory reduction, the company's lack of debt provides opportunities for strategic investments. Leveraging strengths in operational efficiency and product development can drive future growth.

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RACINE, Wis., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq:JOUT), a leading global innovator of outdoor recreation equipment and technology, today announced that it is exiting its Eureka product lines. The product lines will be available for sale as it winds down operations and plans on fulfilling all customer requirements through the end of 2024.

Johnson Outdoors Announces a More Focused Camping Business

Johnson Outdoors' stock price has fallen by over 20% since I downgraded the stock to Hold in January 2023. The near-term outlook for sales is challenging, however the company has sufficient capital to comfortably manage through a lengthy period of soggy demand. High levels of inventory are a concern and the potential for a one-off write-down in the carrying value of finished goods is a near-term earnings risk.

Johnson Outdoors: Price Decline Opens Up Value Opportunity Again - Upgrade To BUY

RACINE, Wis., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq: JOUT), a leading global innovator of outdoor recreation equipment and technology, today announced approval by its Board of Directors of an increased quarterly cash dividend of $0.33 per Class A share and $0.30 per Class B share.

Johnson Outdoors Announces Cash Dividend Increase

RACINE, Wis., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq:JOUT), a leading innovator of outdoor recreation equipment and technology, today announced that Bill Kirchner will be joining the company as the new Group Vice President, Fishing. Mr. Kirchner will report to Helen Johnson-Leipold, CEO, Johnson Outdoors and be a member of the Company's Executive Committee. In this role, he is responsible for providing the strategic direction and oversight, as well as driving innovative growth, for the Fishing segment.

Johnson Outdoors Announces New Group Vice President of Fishing Segment

Johnson Outdoor (JOUT) came out with quarterly earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.38 per share a year ago.

Johnson Outdoor (JOUT) Q3 Earnings and Revenues Top Estimates

RACINE, Wis., July 19, 2023 (GLOBE NEWSWIRE) -- J OHNSON O UTDOORS I NC . (Nasdaq: JOUT), a leading global innovator of outdoor recreation equipment and technology, will release financial results for the Fiscal 2023 third quarter on Thursday, August 3, 2023, before market open that day. The Company will host a conference call and audio webcast shortly afterwards at 11:00 a.m. Eastern Time to discuss the financial results and provide a Company update.

Johnson Outdoors to Release Fiscal 2023 Third Quarter Results on August 3, 2023

RACINE, Wis., May 23, 2023 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq:JOUT), a leading global innovator of outdoor recreation equipment and technology, today announced the appointment of Jeffrey M. Stutz as an independent director to the Company's Board of Directors effective May 23, 2023. Mr. Stutz is joining the Board as a Class A Director, and will also be a member of the Audit Committee. He will stand for re-election at the Annual Meeting in 2024. With the addition of Mr. Stutz, the Board now consists of nine members.

Johnson Outdoors Welcomes Jeffrey M. Stutz to Board of Directors

US Consumers Rank Company ‘Trusted for Adventure' as one of the Top in 2023 US Consumers Rank Company ‘Trusted for Adventure' as one of the Top in 2023

Johnson Outdoors Named One of the Most Trustworthy Companies in America

Johnson Outdoors Inc. (NASDAQ:JOUT ) Q1 2023 Earnings Conference Call May 5, 2023 11:00 AM ET Company Participants Patricia Penman - Vice President of Marketing Services & Global Communication Helen Johnson-Leipold - Chairman and Chief Executive Officer David Johnson - Vice President and Chief Financial Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Operator Hello, everyone, and welcome to the Johnson Outdoors' Second Quarter 2023 Earnings Conference Call. Today's call will be led by Helen Johnson-Leipold, Johnson Outdoors' Chairman and Chief Executive Officer.

Johnson Outdoors Inc. (JOUT) Q1 2023 Earnings Call Transcript

Johnson Outdoor (JOUT) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.97 per share a year ago.

Johnson Outdoor (JOUT) Beats Q2 Earnings and Revenue Estimates

RACINE, Wis., April 21, 2023 (GLOBE NEWSWIRE) -- J OHNSON O UTDOORS I NC . (Nasdaq: JOUT), a leading global innovator of outdoor recreation equipment and technology, will release financial results for the Fiscal 2023 second quarter on Friday, May 5, 2023, before market open that day. The Company will host a conference call and audio webcast shortly afterwards at 11:00 a.m. Eastern Time to discuss the financial results and provide a Company update.

Johnson Outdoors to Release Fiscal 2023 Second Quarter Results on May 5, 2023

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Johnson Outdoors is a leading global manufacturer of innovative outdoor recreational products, including fishing, diving, and paddling equipment. The company has done well for its investors over the past ten years.

Johnson Outdoors: Competition Will Always Limit Its Growth

RACINE, Wis., March 03, 2023 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq:JOUT), a leading global innovator of outdoor recreation equipment and technology, today announced that it has entered into a definitive agreement to sell the Eureka! Military and Commercial Tents product lines of its Camping business segment to Rekord Group, a global company that specializes in commercial, event and military tents and structures. The transaction is expected to close by March 17, 2023, subject to customary closing conditions. Rekord Group will buy the military and commercial tents product lines, and a facility in Binghamton, New York, for an estimated $13.7 million, subject to certain potential customary purchase price adjustments mutually agreed to by the parties in connection with the closing.

Johnson Outdoors Enters Into Agreement to Sell Eureka! Military and Commercial Tents

Johnson Outdoors Inc. stock JOUT, +3.74% rose 2.7% in premarket trade Friday, after the maker of outdoor recreation equipment topped revenue estimates for its fiscal first quarter, thanks to strength in its fishing business. The Racine, Wisc.

Johnson Outdoors stock jumps 2.7% premarket after revenue beat driven by strength in fishing business

RACINE, Wisc., Feb. 03, 2023 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq:JOUT), a leading global innovator of outdoor recreation equipment and technology, today announced higher sales and decreased earnings results for the Company's first fiscal quarter ending December 30, 2022.

Johnson Outdoors Reports 2023 Fiscal First Quarter Results

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RACINE, Wis., Jan. 20, 2023 (GLOBE NEWSWIRE) -- JOHNSON O UTDOORS I NC . (Nasdaq: JOUT), a leading global innovator of outdoor recreation equipment and technology, will release financial results for the Fiscal 2023 first quarter on Friday, February 3, 2023, before market open that day. The Company will host a conference call and audio webcast shortly afterwards at 11:00 a.m. Eastern Time to discuss the financial results and provide a Company update.

Johnson Outdoors to Release Fiscal 2023 First Quarter Results on February 3, 2023

RACINE, Wis., Dec. 19, 2022 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq:JOUT), a leading global innovator of outdoor recreation equipment and technology, today announced that William “ Bill” D. Perez, director, will not stand for re-election to the company's board of directors during the 2023 Annual Shareholder Meeting.

Johnson Outdoors Thanks Retiring Board Member William D. Perez

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The outdoor recreation company delivered solid fourth-quarter results in a difficult environment.

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Johnson Outdoors Inc. (NASDAQ:JOUT ) Q4 2022 Earnings Conference Call December 9, 2022 11:00 AM ET Company Participants Patricia Penman - Vice President of Marketing Services and Global Communication Helen Johnson-Leipold - Chairman and Chief Executive Officer David Johnson - Vice President and Chief Financial Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company, LLC Operator Hello, everyone, and welcome to the Johnson Outdoors Fourth Quarter 2022 Earnings Conference Call. Today's call will be led by Helen Johnson-Leipold, Johnson Outdoors' Chairman and Chief Executive Officer.

Johnson Outdoors Inc. (JOUT) Q4 2022 Results - Earnings Call Transcript

RACINE, Wis., Dec. 09, 2022 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq:JOUT), a leading global innovator of outdoor recreation equipment and technology, today announced slightly lower sales and decreased earnings for the fiscal year ending September 30, 2022.   Fiscal 2022 sales fell 1 percent compared to the previous record-high fiscal year, while operating profit decreased 40 percent and net income fell 47 percent over the prior fiscal year.

Johnson Outdoors Reports Fiscal 2022 Results

Johnson Outdoors is a long-standing outdoor recreational equipment manufacturing business, primarily focused on the North American market, with a solid range of brands and products. The company was a Covid Winner, but operational performance struggled in FY22 due to ongoing supply chain challenges.

Johnson Outdoors: Oversold On Supply Chain Concerns - Buy

RACINE, Wis., Nov. 23, 2022 (GLOBE NEWSWIRE) -- J OHNSON O UTDOORS I NC . (Nasdaq: JOUT), a leading global innovator of outdoor recreation equipment and technology, will release financial results for the Fiscal 2022 fourth quarter on Friday, December 9, 2022, before market open that day. The Company will host a conference call and audio webcast shortly afterwards at 11:00 a.m. Eastern Time to discuss the financial results and provide a Company update.

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