Johnson Outdoors reports year-end results

Posted on

Johnson Outdoors today announced increased revenues and a swing to profitability in fiscal 2010.

The Wisconsin-based company reported net income of $6.5 million, or 68 cents a diluted share, for the current fiscal year, compared with a net loss of $9.7 million, or $1.06 a diluted share, for the prior fiscal year.

“We have transformed Johnson Outdoors, taking aggressive, strategic action to enhance competitiveness and profitability now and in the future,” chairman and CEO Helen Johnson-Leipold said in a statement.

“We streamlined operations, simplified processes and kept working capital within target levels, while investing strategically in innovative new products and programs to strengthen our market-leading positions,” she added. “As a result, this year’s revenue growth outpaced our markets as we gained share and outperformed the competition.”

For the year, total net sales grew 7 percent, to $382.4 million, compared with $356.5 million in fiscal 2009. The company saw double-digit growth in Minn Kota and Humminbird brands in all channels and markets, it said.

In the fourth quarter of 2010, the company’s net sales continued a yearlong positive upward trend, increasing 15 percent, compared with the prior year’s quarter.

Johnson Outdoors reported double-digit increases in marine electronics and outdoor equipment sales for the quarter.

Click here for the full report.

Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!

Click here to Register ... it's free!

Basic subscription: Registered members get free access to 10 premium content stories each month!

Not a member yet? Click here to Register!

Already a member? Click here to Login!

Subscribe ... for unlimited access!

Individual subscription: $29 for unlimited site access for one year.

Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.

Corporate subscription: $300 for unlimited site access for all members of a company for one year.

You may close this dialog after seconds.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.

Vote Today

Did 2014 meet your sales expectations?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price

Login to Trade Only Today

Lost Password