Johnson Outdoors reports higher 1Q earnings on Jetboil addition

Johnson Outdoors, makers of Eureka outdoor gear and Ocean and Necky kayaks among other outdoor, military and marine products, reported higher earnings for its fiscal 2013 first quarter thanks to its recent Jetboil acquisition and increased sales.
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Johnson Outdoors, makers of Eureka outdoor gear and Ocean and Necky kayaks among other outdoor, military and marine products, reported higher earnings for its fiscal 2013 first quarter thanks to its recent Jetboil acquisition and increased sales.

Johnson’s outdoor group reported first-quarter sales up 34 percent to $8.44 million, compared to a year ago. The big gain comes in large part due to the addition of Jetboil at mid-quarter, which added $1.9 million sales, officials said. Excluding Jetboil, the outdoor group’s sales rose 4 percent for the quarter.

Overall, Johnson Outdoors, which also sells watercraft, marine electronics and diving gear, reported its revenue up 9 percent to $87.3 million for its fiscal first quarter, ended Dec. 28, 2012. Excluding the Jetboil addition, total revenue rose nearly 6.5 percent. Quarterly net profit came in at $247,000, versus a loss of $2.94 million a year ago. In addition to the outdoor group, gains came from Johnson’s marine electronics group, offsetting declines in the watercraft and diving groups.

“While it is too early to predict how the year will go, we are pleased by such a strong start as we ramp up for the primary selling period for our products over the next two quarters,” Johnson Outdoors CEO Helen Johnson-Leipold said in a statement with the Feb. 1 earnings release. “The competition for consumer discretionary dollars is always tough, and we feel good about our position and ability to grow share across every segment.”

--David Clucas

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