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. reports developments for a global outdoor recreation equipment business that designs, manufactures and markets products across Watercraft Recreation, Fishing, Diving and Camping. Its brand portfolio includes Old Town canoes and kayaks, Carlisle paddles, Minn Kota trolling motors, shallow water anchors and battery chargers, Cannon downriggers, Humminbird marine electronics and charts, SCUBAPRO dive equipment and Jetboil outdoor cooking systems.
Recurring news themes include fiscal operating results, segment sales trends, product innovation, ecommerce activity, retail and trade conditions, quarterly cash dividends on Class A and Class B shares, and annual shareholder meeting matters.
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JOHNSON OUTDOORS (Nasdaq: JOUT) will announce its Fiscal 2023 second quarter financial results on May 5, 2023, prior to market opening. Following this, a conference call will take place at 11:00 a.m. Eastern Time to discuss these results and offer company updates. A live audio webcast will be available on the company’s website, with a replay accessible for 30 days in the investor section.
Recognized for its innovation in outdoor recreation equipment, Johnson Outdoors offers several well-known brands across Watercraft Recreation, Fishing, Diving, and Camping. These brands include Old Town®, Carlisle®, Minn Kota®, Cannon®, Humminbird®, SCUBAPRO®, Jetboil®, and Eureka!®.
Johnson Outdoors (Nasdaq:JOUT) has finalized an agreement to sell its Eureka! Military and Commercial Tents product lines to Rekord Group for approximately $13.7 million. The deal, expected to close by March 17, 2023, is conditioned on customary closing processes. Notably, this sale excludes the Eureka! brand name and consumer camping business, which will remain under Johnson Outdoors' operation. The transaction aims to strengthen Johnson's focus on its recreational camping segment. Rekord Group is poised to expand its offerings, benefiting from the acquisition.
Johnson Outdoors Inc. (Nasdaq: JOUT) has announced a quarterly cash dividend of $0.31 per Class A share and $0.2818 per Class B share, approved by its Board of Directors. The dividend is scheduled for payment on April 27, 2023, to shareholders recorded by April 13, 2023. Johnson Outdoors is recognized for its innovative outdoor recreation equipment, including brands like Old Town, Humminbird, and SCUBAPRO. The company emphasizes a commitment to quality and consumer satisfaction across categories such as fishing, diving, and camping.
Johnson Outdoors Inc. (Nasdaq: JOUT) will host its Annual Shareholders Meeting on March 1, 2023, at 8:00 a.m. Central Time. This virtual meeting allows shareholders of record as of December 21, 2022, to participate, vote, and ask questions via a live webcast. Access details and the 16-digit control number are included in the Notice of Annual Meeting. A replay will be available for 30 days post-meeting. Key voting information will be shared in the Proxy Statement mailed on January 9, 2023. Johnson Outdoors is recognized for its diverse portfolio in outdoor recreation equipment, including brands like Old Town, Minn Kota, SCUBAPRO, and Jetboil.
Johnson Outdoors (Nasdaq:JOUT) reported a 16% increase in Q1 net sales to $178.3 million, driven by a 27% rise in Fishing sales. However, the company experienced significant revenue declines in Camping (down 18%) and Watercraft Recreation (down 34%) due to softening post-pandemic demand. Operating profit fell to $5.5 million from $13.8 million last year, with gross margin shrinking to 35.2%. Net income decreased to $5.9 million ($0.57 per diluted share), down from $10.9 million ($1.07 per diluted share). The company maintains a healthy cash position of $103.4 million and remains focused on managing inventory levels and strategic investments amid rising costs.