This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Johnson Outdoors Announces Higher Sales And Profits In 2013 First Fiscal Quarter

FINANCIAL TABLES FOLLOW

JOHNSON OUTDOORS INC.
     
(thousands, except per share amounts)    
  THREE MONTHS ENDED
Operating Results December 28 2012 December 30 2011
Net sales  $ 87,274  $ 80,176
Cost of sales  53,460  49,075
Gross profit  33,814  31,101
Operating expenses  32,288  34,820
Operating profit (loss):  1,526  (3,719)
Interest expense, net  418  575
Other expense (income), net  498  (1,192)
Income (loss) before income taxes  610  (3,102)
Income tax expense (benefit)  363  (158)
Net income (loss)  $ 247  $ (2,944)
Weighted average common shares outstanding - Dilutive 9,439 9,807
Net income (loss) per common share - Diluted  $ 0.02  $ (0.30)
Segment Results    
Net sales:    
Marine electronics   $ 53,651  $ 47,771
Outdoor equipment  8,440  6,290
Watercraft   6,814  7,485
Diving  18,483  18,758
Other/eliminations  (114)  (128)
Total  $ 87,274  $ 80,176
Operating profit (loss):    
Marine electronics  $ 4,746  $ 2,073
Outdoor equipment  224  (252)
Watercraft   (1,682)  (2,458)
Diving  702  (98)
Other/eliminations  (2,464)  (2,984)
Total  $ 1,526  $ (3,719)
Balance Sheet Information (End of Period)    
Cash and cash equivalents  $ 47,970  $ 29,096
Accounts receivable, net  62,848  65,561
Inventories, net  77,519  79,015
Total current assets  205,232  188,259
Total assets  300,362  270,725
Short-term debt  31,268  22,759
Total current liabilities  94,870  81,681
Long-term debt  8,196  11,257
Shareholders' equity  174,416  158,300
 
CONTACT: AT JOHNSON OUTDOORS INC.
         DAVID JOHNSON
         VP & CHIEF FINANCIAL OFFICER
         262-631-6600
         
         CYNTHIA GEORGESON
         VP - WORLDWIDE COMMUNICATION
         262-631-6600

Stock quotes in this article: JOUT 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs