earnings
confidence high
sentiment positive
materiality 0.75
Johnson Outdoors Q2 net sales up 16% to $194.5M; EPS $0.89 vs $0.22
JOHNSON OUTDOORS INC
- Net sales $194.5M (+16% YoY); fishing revenue up 18%, diving +9%, camping/watercraft +1%.
- Operating income $10.3M vs $4.9M; net income $9.4M ($0.89/diluted) vs $2.3M ($0.22).
- Gross margin improved to 38.8% from 35.0% on better overhead absorption and cost savings.
- Cash and short-term investments $107.9M, up $13.9M; capital spending $10.5M in quarter.
- Quarterly cash dividend approved in Feb, payable April 30 to holders of record April 16.