Strong market conditions continued to drive revenue at Johnson Outdoors Inc. The company said its fiscal third quarter saw net sales surge by 54 percent for the period to $213.6 million, up $75.2 million from 2020’s Q3, which was severely impacted by Covid-19 shutdowns.
“Strong demand delivered another quarter of unprecedented results,” said chairman and CEO Helen Johnson-Leipold in a statement. “Looking ahead, we’re focused on continuing to keep pace with demand and position Johnson Outdoors for marketplace success.”
Net income more than doubled to $28.8 million, or $2.83 per diluted share, compared to $12.9 million, or $1.27 per diluted share in Q3 of 2020.
The manufacturer said demand in all segments — fishing, watercraft recreation and camping — continued to power the positive sales results along with its diving segment, which appeared to have recovered from pandemic-related travel restrictions.
Bolstered by sales of the company’s Humminbird fishfinders and Minn Kota trolling motors, fishing posted a net sales increase of 51 percent increase to $155.3 million.
With its Sportsman line performing well, in addition to its Old Town canoes and Ocean Kayak brands, the watercraft recreation segment jumped 30 percent to $19.8 million.
Diving and camping sales came in at $20.6 million and $17.8 million, gains of 94 percent and 84 percent, respectively.
For its fiscal 2021, Johnson reported net sales of $585.4 million, a 36 percent gain over last year. Gross margin and net income also saw positive gains.
“At this time, our focus is to manage dynamic supply chain issues caused by the Covid-19 pandemic in order to meet strong demand heading into the end of the fiscal year,” said CFO David W. Johnson.
