Johnson Outdoors said sales and earnings rose during its seasonally slow first quarter, citing a 14 percent rise in fishing revenue.
Earnings and Analysts
Quarterly earnings statements from public companies and periodic reports from analysts reveal the health and direction of the industry.
Twin Disc today reported a sales decline of almost 25 percent for its second quarter — $33.7 million, compared with $44.8 million in the year-earlier quarter.
Brunswick Corp. reported 2016 net sales of $4.5 billion, up 10 percent from $4.1 billion the previous year, attributing the growth to solid performance in aluminum boats, outboard engines and fiberglass sterndrive/inboard boats.
Caterpillar Inc. reported fourth-quarter sales and revenue of $9.6 billion, down from $11 billion in the same period last year.
Chaparral and Robalo Boats parent company Marine Products Corp. attributed a 14.7 percent increase in fourth-quarter net sales to a rise in unit sales and an increase in parts and accessories sales.
Johnson Outdoors said today that it had double-digit net income growth on slightly higher sales for fiscal 2016.
Johnson Outdoors announced a quarterly cash dividend of 9 cents per Class A share and 8.2 cents per Class B share.
Twin Disc said today that it had lower fiscal first-quarter sales than it did last year, but the loss the company reported was lower than in the quarter a year earlier.
Chaparral and Robalo boats parent company Marine Products Corp. said it generated third-quarter net sales of $55.4 million, a 17.7 percent increase from last year.
Sunseeker International said it swung back to a profit in the second quarter and it forecasts an overall return to profit for the full year.