Johnson Outdoors Inc. Announces Temporary Closure of Plant Due to Flooding

Johnson Outdoors Inc. (NASDAQ:JOUT), a leading global outdoor recreation company, today announced the temporary closure of the Company's Binghamton, New York plant and administrative offices due to flooding from heavy rains.
Author:
Publish date:

RACINE, Wis. -- June 29, 2006 -- Johnson Outdoors Inc. (NASDAQ:JOUT), a leading global outdoor recreation company, today announced the temporary closure of the Company's Binghamton, New York plant and administrative offices due to flooding from heavy rains. Binghamton is home to Johnson Outdoors' Outdoor Equipment Group business, which makes and markets consumer, commercial and military tents and camping equipment.
The Company's finished goods warehouse has been unaffected by the flooding and remains open, with shipments expected to resume once local roads have reopened next week.

Employee safety and well-being is the Company's primary concern at this time, and efforts are already underway to bring operations back on-line as quickly as possible. At this time, neither the full extent of damage nor the financial impact due to the flooding is known. The Company expects insurance coverage to begin after approximately $1.2 million in losses are incurred.

ABOUT JOHNSON OUTDOORS INC.
Johnson Outdoors is a leading global outdoor recreation company that turns ideas into adventure with innovative, top-quality products. The Company designs, manufactures and markets a portfolio of winning, consumer-preferred brands across four categories: Watercraft, Marine Electronics, Diving and Outdoor Equipment. Johnson Outdoors' familiar brands include, among others: Old Town(R) canoes and kayaks; Ocean Kayak(TM) and Necky(R) kayaks; Escape(R) electric boats; Minn Kota(R) motors; Cannon(R) downriggers; Humminbird(R), Bottomline(R) and Fishin' Buddy(R) fishfinders; Scubapro(R) and UWATEC(R) dive equipment; Silva(R) compasses and digital instruments; and Eureka!(R) tents.

Visit us on line at http://www.johnsonoutdoors.com

SAFE HARBOR STATEMENT
Certain matters discussed in this press release are "forward-looking statements," intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical fact are considered forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, which could cause actual results or outcomes to differ materially from those currently anticipated. Factors that could affect actual results or outcomes include changes in consumer spending patterns; the Company's success in implementing its strategic plan, including its focus on innovation; actions of companies that compete with the Company; the Company's success in managing inventory; movements in foreign currencies or interest rates; the Company's success in restructuring of its European Diving operations; unanticipated issues related to the Company's military sales; the success of suppliers and customers; the ability of the Company to deploy its capital successfully; adverse weather conditions; events related to the terminated Buy-Out transaction; and other risks and uncertainties identified in the Company's filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Related