Johnson Outdoors FY22 net income down 47% to $44.5M ($4.37 EPS); revenue flat at $743.4M

JOHNSON OUTDOORS INC

Net income $44.5M ($4.37 diluted EPS) vs $83.4M ($8.21) in FY21; operating profit fell 40% to $66.3M.
Revenue $743.4M, down 1% from $751.7M; gross margin contracted 8 points to 36.5% on higher material costs.
Fishing segment revenue down 5% due to supply chain disruptions; Camping up 12%, Diving up 14%, Watercraft up 2%.
Q4 sales rose 18% to $196.4M as supply chain eased; Q4 net income $9.7M vs $6.9M a year ago.
Debt-free with $129.8M cash; board approved a 3% dividend increase (paid Oct 27, 2022).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JOHNSON OUTDOORS INC reported fiscal year ended September 30, 2022 results: revenue $743.4 million, net income $44.5 million, EPS $4.37 per diluted share.

Period: fiscal year ended September 30, 2022
Revenue: $743.4 million
Net income: $44.5 million
EPS: $4.37 per diluted share
Result: reported results

Exact text from the filing

segments Awards for new product innovation Debt-free balance sheet Increased quarterly dividend to shareholders FISCAL 2022 RESULTS Total Company revenue fell 1 percent to $743.4 million versus fiscal 2021 revenue of $751.7 million. Key factors in the year-over-year comparison were: In Fishing, despite continued strong demand, revenue declined by 5 percent driven

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JOHNSON OUTDOORS INC reported fiscal fourth quarter ended September 30, 2022 results: revenue $196.4 million, net income $9.7 million.

Period: fiscal fourth quarter ended September 30, 2022
Revenue: $196.4 million
Net income: $9.7 million
Result: reported results

Exact text from the filing

effective tax rate was 24.4 percent compared to the previous fiscal year’s rate of 26.2 percent. FOURTH QUARTER RESULTS Total Company net sales in the fiscal fourth quarter were $196.4 million, an 18 percent increase from the prior fiscal year fourth quarter’s sales, as supply availability in our Fishing business started to improve. Operating profit of $13.3 million in

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Source: SEC EDGAR

accession 0001171843-22-007926

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