Johnson Outdoors (JOUT) investor relations material

Executive summary

• Third quarter net sales increased 5% year-over-year to $180.7 million, driven by innovation and strong Fishing and Diving segments.

• Operating profit reached $7.3 million, reversing a prior year loss, and net income rose to $7.7 million ($0.75 per share).

• Gross margin improved to 37.6%, with product innovation and new launches fueling performance.

• The company completed a $12.2 million acquisition in the Diving segment and integrated a long-term supplier.

• Maintains a debt-free balance sheet and strong cash position, supporting ongoing investment and a quarterly dividend.

Financial highlights

• Q3 net income was $7.7 million, up from $1.6 million a year earlier; nine-month net loss was $5.2 million.

• Operating profit for Q3 was $7.3 million, compared to a $0.5 million loss in the prior year quarter.

• Cash and short-term investments totaled $161.0 million at quarter end, up from $148.4 million a year ago.

• Inventory decreased to $163.7 million, down $59.4 million year-over-year.

• Capital expenditures for the nine months were $11.8 million, down from $16.4 million year-over-year.

Outlook and guidance

• Management is focused on innovation, digital, and operational efficiency to drive growth.

• Tariff-related costs and new U.S. tax law (OBBB Act) may impact future profitability; mitigation strategies are in place.

• Pricing actions and cost savings initiatives continue, with further improvements anticipated.

• Inventory reduction efforts will continue, though macroeconomic and tariff factors may impact progress.

• Seasonality remains significant, with Q3 as the peak sales period for outdoor products.