Quarterly earnings statements from public companies and periodic reports from analysts reveal the health and direction of the industry.
Johnson Outdoors attributed double-digit increases in sales and earnings, which drove record results in the second fiscal quarter and half, to strength in the fishing category, the company’s largest and most profitable business.
Chaparral and Robalo parent company Marine Products Corp. said it increased its unit sales to nearly $65.6 million in the fourth quarter, a 14.6 percent gain from the previous year.
Johnson Outdoors Inc. today announced all-time high revenue and earnings for fiscal 2017, driven in part by new Minn Kota and Humminbird products.
During the quarter, Marine Products generated higher unit sales among Chaparral H2O and Robalo outboard models.
Sales comparisons become more favorable in the second quarter, which is the peak of the selling cycle, he said.