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A Strong Q2 for Johnson Outdoors

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Coming off a strong first quarter, Johnson Outdoors said sales in nearly all its business segments continued an upward trajectory for its fiscal second quarter. The company reported net sales of $206.2 million, up 26 percent in a year-over-year comparison.

Net income saw a 34 percent jump to $27.8 million ($2.74 per diluted share) from $20.3 million ($2.02 per diluted share).

The manufacturer said strong demand in its fishing and watercraft recreation segments drove the positive sales results, with its diving segment still bouncing back from pandemic-related travel restrictions.

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Bolstered by sales of the company’s Humminbird fishfinders and Minn Kota trolling motors, net sales had a 19.5 percent increase to $160.6 million.

Johnson’s watercraft recreation segment saw the biggest jump — a 193 percent increase in net sales to $17.8 million, up from $6 million — fueled by its Old Town Canoe and Ocean Kayak brands.

“Our primary focus continues to be keeping pace with high demand,” said chairman and CEO Helen Johnson-Leipold in a statement.

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Chief financial officer David W. Johnson said that like many manufacturers in the outdoor space, Johnson Outdoors is “continuing to work with our supply chain partners to maintain adequate inventory and increase capacity where possible as we work hard to fill demand.”

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