Johnson Outdoors Reports “Unprecedented” Q3

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Humminbird received Best of Electronics honors at ICAST 2021 for its MEGA Live Imaging sonar technology.

Humminbird received Best of Electronics honors at ICAST 2021 for its MEGA Live Imaging sonar technology.

Strong market conditions continued to drive revenue at Johnson Outdoors Inc. The company said its fiscal third quarter saw net sales surge by 54 percent for the period to $213.6 million, up $75.2 million from 2020’s Q3, which was severely impacted by Covid-19 shutdowns.

“Strong demand delivered another quarter of unprecedented results,” said chairman and CEO Helen Johnson-Leipold in a statement. “Looking ahead, we’re focused on continuing to keep pace with demand and position Johnson Outdoors for marketplace success.”

Net income more than doubled to $28.8 million, or $2.83 per diluted share, compared to $12.9 million, or $1.27 per diluted share in Q3 of 2020.

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The manufacturer said demand in all segments — fishing, watercraft recreation and camping — continued to power the positive sales results along with its diving segment, which appeared to have recovered from pandemic-related travel restrictions.

Bolstered by sales of the company’s Humminbird fishfinders and Minn Kota trolling motors, fishing posted a net sales increase of 51 percent increase to $155.3 million.

With its Sportsman line performing well, in addition to its Old Town canoes and Ocean Kayak brands, the watercraft recreation segment jumped 30 percent to $19.8 million.

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Diving and camping sales came in at $20.6 million and $17.8 million, gains of 94 percent and 84 percent, respectively.

For its fiscal 2021, Johnson reported net sales of $585.4 million, a 36 percent gain over last year. Gross margin and net income also saw positive gains.

“At this time, our focus is to manage dynamic supply chain issues caused by the Covid-19 pandemic in order to meet strong demand heading into the end of the fiscal year,” said CFO David W. Johnson. 

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