Record results for Johnson
US firm posts strong Q2/H1
Johnson Outdoors has reported double-digit increases in sales and earnings driving record-high results during the company’s 2018 second fiscal quarter and six months ending 30th March 2018.
“We continue to benefit from our dedicated focus on consumer-driven innovation that delivers bigger, better marketplace success, most notably in fishing, our largest and most profitable business,” said Helen Johnson-Leipold, chairman and chief executive officer.
Net sales rose 11 per cent to $165.8 million in the current fiscal second quarter compared to $149.8 million in the prior year quarter.continued strong positive momentum in the company’s Fishing and Diving groups.
Total company operating profit in the fiscal second quarter was $26 million, a 27 per cent increase over operating profit of $20.5 million in the previous fiscal year quarter. Gross margin improved to 44.8 percent compared to 43.3 percent in the prior second quarter.
“The balance sheet remains strong and our growing cash position enables us to continue investment against strategic priorities and opportunities to expand our business and growth potential. We remain confident in our ability and plans to create long-term value and consistently pay dividends to shareholders,” added David W. Johnson, Vice President and Chief Financial Officer.