Johnson Outdoors Inc. reported double-digit increases in sales and earnings for its second quarter and the six-month period that ended March 31.
Earnings and Analysts
Quarterly earnings statements from public companies and periodic reports from analysts reveal the health and direction of the industry.
Fiscal third-quarter sales increased 8.8 percent for Twin Disc Inc., to its highest level in two years.
Marine Products Corp. said it generated first-quarter net sales of $71 million, an 11.6 percent increase from the same quarter last year that the company attributed to a 12.1 percent increase in unit Chaparral H20 and Robalo sales, as well as an increase in parts and accessories sales.
Sunseeker International Holdings Ltd. said it returned to profitability in 2016 with a profit of 6 million pounds, or about $7.5 million, and plans to add 170 new jobs this year.
Johnson Outdoors said sales and earnings rose during its seasonally slow first quarter, citing a 14 percent rise in fishing revenue.
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.