Johnson Outdoors FY2023 EPS $1.90, revenue down 11%; Q4 operating loss $22.6M

JOHNSON OUTDOORS INC

FY2023 revenue $663.8M, down 11% YoY; operating profit $11.7M, down 82% from $66.3M.
Net income $19.5M ($1.90/diluted share) vs $44.5M ($4.37); Q4 net loss $16.0M.
Segment: Fishing -6%, Diving +8%, Camping -$25M (incl. sale of tents), Watercraft -$27.2M.
Cash $152.6M, no debt; quarterly dividend increased 3% (paid Oct 27, 2023).
CFO: cost savings program in place; higher inventories; focus on FY2024 profitability.

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 the fiscal year ended September 29, 2023 results: revenue $663.8 million, net income $19.5 million, EPS $1.90 per diluted share.

Period: the fiscal year ended September 29, 2023
Revenue: $663.8 million
Net income: $19.5 million
EPS: $1.90 per diluted share
Result: reported results

Exact text from the filing

Recreation Maintained debt-free balance sheet and strong cash position Increased quarterly dividend to shareholders FISCAL 2023 RESULTS Total Company revenue fell 11 percent to $663.8 million versus fiscal 2022 revenue of $743.4 million. Key factors in the year-over-year comparison were: Fishing revenue decreased 6 percent as demand moderated to pre-pandemic levels

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Source: SEC EDGAR

accession 0001171843-23-007504

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