Earnings and Analysts

Quarterly earnings statements from public companies and periodic reports from analysts reveal the health and direction of the industry.

Johnson Outdoors reports 2Q results

Johnson Outdoors today announced that revenue during the second fiscal quarter, which ended March 30, matched record second-quarter sales reported in the prior year. Although operating profits benefited from a $3.5 million settlement with the company’s insurance carriers, net income decreased because of a substantially higher effective tax rate. “Second-quarter results reflect the importance and…more

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Earnings point to a better 2012

Industry’s top manufacturers and retailers posted promising results in the fourth quarter of 2011 Many of the industry’s publicly traded companies reported positive results for the October-December quarter. Declines, when recorded, were generally less severe than in recent years, and many companies reported increases in sales and profits. Here is an overview of the results:…more

Johnson Outdoors reports 1Q results

Johnson Outdoors announced revenue grew 2 percent to more than $80 million during the first quarter, despite a 66 percent drop in year-over-year military sales. The company reported a net loss of $2.9 million, or 30 cents per diluted share, during the first fiscal quarter, compared to a net loss of $1.2 million, or 13…more

Johnson Outdoors, Navico settle lawsuit

Johnson Outdoors Inc. and Johnson Outdoors Marine Electronics Inc., and Navico Inc. jointly announced that they resolved their dispute related to Johnson Outdoors’ patented Humminbird Side Imaging sonar technology and Navico’s StructureScan accessory to its displays. “As a result of the settlement, the case has been dismissed,” the companies said in a statement. “The companies…more

Johnson Outdoors reports 4Q, year-end results

Johnson Outdoors, a leading global outdoor recreation company, today announced higher revenue, profits and earnings for fiscal 2011. Strong performance by new products in the company’s marine electronics and diving brands more than offset a 45percent drop in military sales, the company said. Net income rose to $32.7 million, or $3.37 a diluted share, for…more

Study: Industry to see slow growth through 2015

Reportlinker.com announced that a new market research report on the global recreational boating industry shows the global market is expected to slowly grow during the next few years. According to Lucintel research, in 2009 the global pleasure boat market shipment was $18.21 billion. The market was forecast to drop to $18.16 billion in 2010, a…more

Johnson Outdoors reports 3Q results

Johnson Outdoors today announced lower sales and earnings for the 2011 fiscal third quarter and attributed the results to a slowdown in the recovery of the outdoor recreational market. Growth during the first six months offset sluggish third-quarter results as year-to-date sales increased 7 percent and net earnings grew 24 percent, compared with the same…more

Johnson Outdoors buys Waypoint Technologies

Johnson Outdoors Marine Electronics Inc. acquired the assets of Waypoint Technologies, maker of LakeMaster, a brand of high-definition electronic lake charts. The asset purchase includes Pro Map Technologies, the LakeMaster proprietary inland water survey techniques and bathymetric data processing technology, providing future exclusivity of an expanded portfolio of LakeMaster digital maps for Humminbird fishfinders. Details…more

Geonav unveils rebate program

Geonav, which recently entered the marine electronics market, is offering as much as $1,000 in rebates on selected products. “We launched our full product line this past fall and have had terrific interest from consumers,” business director Bruce Angus said in a statement. “We are offering early adopters a great incentive to buy Geonav to…more

Johnson Outdoors reports 2Q results

Johnson Outdoors announced record second-quarter sales and earnings for the quarter that ended April 1. Total net sales grew 14.1 percent, to $128.9 million, compared with net sales of $112.9 million in the prior year’s quarter. Strong new-product response, anticipated pent-up demand in the marine accessories marketplace and a favorable retail season outlook drove the…more

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