Propelled by continued demand for outdoor-recreation products, Johnson Outdoors saw revenue grow 26 percent to $751.7 million for fiscal year 2021, a record for the Racine, Wis.-based manufacturer.
“Johnson Outdoors had an exceptional year, driven by people’s continued interest in spending time outdoors,” chairman and CEO Helen Johnson-Leipold said in a statement. “While ongoing global supply chain disruptions remain challenging, we’re pleased with our results and our employees’ hard work to continue to meet demand.”
Net income rose 51 percent to $83.4 million, or $8.21 per diluted share, compared with $55.2 million, or $5.47 per diluted share, in fiscal year 2020.
All business segments — fishing, camping and watercraft — had positive sales during all four quarters, with the diving division showing recovery in the last two quarters. Fishing revenue increased 23 percent to $553 million, with Johnson citing continued demand for a range of products.
At $67 million, watercraft recreation sales increased 59 percent from last year, with Johnson crediting demand for the Old Town and Sportsman lines. Also, camping grew 51 percent to $63 million, which Johnson credits to higher sales in its Jetboil and Eureka products.
Chief financial officer David W. Johnson said that, heading into the new year, the company is working on bolstering inventory levels while maintaining focus on its key strategic drivers, identified by Johnson-Leipold as “understanding our consumers, sustaining innovation leadership, identifying new sources and paths of growth in our markets, and continually optimizing our digital consumer experience” for continued market share growth.
“Heading into fiscal year 2022, we remain focused on managing ongoing global supply chain pressures and related logistics constraints affecting our industry and the marketplace,” Johnson said. “We’re maintaining higher-than-normal inventory levels to meet demand for our products, and we expect near-term margins to be impacted by the pressure on our supply chain.”