Skip to main content

Johnson Outdoors reports year-end results

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.

Related

AMI-PRE-CONFERENCE

AMI Hosts Pre-Conference Sessions

The sessions on leadership and marina management, and a tour of a nearby marina and boatyard operation, precede today’s official kickoff of the group’s annual conference.

1_DEALER.OUTLOOK

Boating’s Greatest Thingamabob

The Seattle Boat Show kicks off next week with nearly 300 exhibitors, 800 new boats and the construction of a 100-foot Rube Goldberg boat machine.

1_YEARGIN copy

Business for Good

Companies have a unique platform to make people’s lives better through products and services, how we treat employees and the kind of advocate we are for our industry.

1_PULSE.PING.2

Are You Improving the Service Experience?

This month’s Pulse Report survey asks dealers about tactics being employed to improve the service department, along with other questions about retail conditions. Take the survey here.

1_OFF.THE.HOOK.JPG

Off the Hook Yacht Sales Acquires Two Marinas

The company announced that it purchased facilities in Hampstead, N.C., and Georgetown, Md.

1_GILLEN.YS

Gillen Announces Expansion, New Hire

The yacht services company will move into a new, 15,000-square-foot location in West Palm Beach Fla., run by operations manager Tony Matherly.

1_YEARGIN

Business for Good

Companies have a unique platform to make people’s lives better through products and services, how we treat employees and the kind of advocate we are for our industry.

DOMETIC-EARNINGS

Dometic Posts Sales Increase for Q4

Net sales of $596 million were up 11% compared with the previous-year quarter, and profit was reported at $2.6 million.