JOHNSON OUTDOORS INC

Listed Company

JOUTCIK 0000788329NasdaqAcceleratedSmaller ReportingSporting & Athletic Goods, NecWisconsinFY ends Oct 2

Period

FY 2025

Revenue

$592.41M

Net Income

$-34.29M

Total Assets

$604.10M

Equity

$418.42M

Shares Out

—

Op. Cash Flow

$56.21M

Business

JOHNSON OUTDOORS INC is a global manufacturer and marketer of branded seasonal outdoor recreation products focused on fishing, diving, paddling, hiking and camping. The Company offers electric trolling motors, sonar and GPS electronics, downriggers, portable cooking systems, canoes, kayaks, paddles, and a full line of scuba and snorkeling equipment and accessories. Its operations are organized into three reportable segments: Fishing; Camping & Watercraft Recreation; and Diving. Products are sold primarily in North America through specialty and big‑box retailers, distributors, OEM boat manufacturers and direct-to-consumer e-commerce, with international distribution via independent distributors.

Summary from filing dated 2025-12-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net sales	592	593	664	743	752
Cost of sales	384	392	420	472	418
Gross profit	208	201	244	271	334
Marketing and selling	134	145	144	134	141
Administrative management, finance and information systems	58	58	56	43	56
Goodwill impairment	0	11	0	0	—
Research and development	32	31	31	28	26
Total operating expenses	224	245	232	205	223
Operating (loss) profit	−16	−44	12	66	111
Interest income	−4	−5	−5	−807,000	−366,000
Interest expense	224,000	152,000	152,000	153,000	—
Other income, net	−3	−9	−10	8	−1
(Loss) profit before income taxes	−9	−30	26	59	113
Income tax expense (benefit)	25	−3	6	14	30
Net (loss) income	−34	−27	20	44	83
Dilutive stock options and restricted stock units (in shares)	0	0	19,000	30,000	44,000
Weighted average common shares - Dilutive (in shares)	10	10	10	10	10

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	176	145	112	130	240
Short-term investments	0	17	27	0	—
Accounts receivable, net	50	41	43	92	71
Inventories, net	171	210	261	249	167
Other current assets	11	16	15	10	13
Total current assets	409	429	459	480	491
Property, plant and equipment, net of accumulated depreciation of $210,262 and $192,890, respectively	94	97	94	89	72
Right of use assets	47	48	51	57	49
Deferred income taxes	3	23	18	11	13
Goodwill	10	0	11	11	11
Other intangible assets, net	10	8	8	8	9
Deferred compensation plan assets	31	29	—	—	—
Other assets	1	1	26	23	29
Total assets	604	635	682	680	674
Accounts payable	40	36	43	54	57
Current lease liability	8	8	7	7	6
Salaries, wages and benefits	21	12	17	21	27
Accrued warranty	12	10	12	10	14
Income taxes payable	2	2	4	3	9
Accrued discounts and returns	7	7	8	5	7
Accrued customer programs	4	4	4	5	7
Other	10	10	10	10	11
Total current liabilities	105	90	104	115	138
Non-current lease liability	40	42	45	51	44
Deferred income taxes	2	2	2	2	2
Retirement benefits	2	2	2	2	1
Deferred compensation plan liability	31	29	25	21	28
Other liabilities	6	7	4	2	3
Total liabilities	186	172	182	192	216
Preferred stock: none issued	0	0	0	0	0
Capital in excess of par value	92	90	88	87	83
Retained earnings	322	370	410	403	371
Accumulated other comprehensive income	7	6	3	620,000	7
Treasury stock at cost, shares of Class A common stock: 48,259 and 42,654, respectively	−3	−3	−2	−3	—
Total shareholders' equity	418	463	500	488	459
Total liabilities and shareholders' equity	604	635	682	680	674

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation	20	19	16	14	13
Amortization of intangible assets	583,000	339,000	290,000	261,000	421,000
Amortization of deferred financing costs	79,000	35,000	35,000	35,000	29,000
Loss (gain) on sale of productive assets	80,000	−2	−6	90,000	161,000
Stock based compensation	1	1	2	4	4
Provision for credit losses	1	3	177,000	30,000	308,000
Provision for inventory reserves	1	11	10	4	518,000
Deferred income taxes	21	−5	−7	2	−2
Accounts receivable, net	−10	−272,000	48	−22	−4
Inventories, net	41	42	−28	−89	−70
Accounts payable and accrued liabilities	11	−15	−11	−22	32
Other current assets	5	−806,000	−5	3	−1
Other non-current assets	−57,000	119,000	130,000	67,000	−226,000
Other long-term liabilities	−2	2	3	−2	3
Other, net	649,000	−387,000	−95,000	1	−369,000
Cash provided by operating activities	56	41	42	−62	58
Payments for purchase of business	−12	0	0	—	—
Purchase of short-term investments	0	−2	−41	0	0
Proceeds from maturities of short-term investments	16	27	0	0	—
Capital expenditures	−16	−22	−23	−32	−21
Proceeds from sale of productive assets	0	2	15	12,000	28,000
Cash (used for) provided by investing activities	−12	5	−48	−32	−21
Debt issuance costs paid	−55,000	0	0	0	−138,000
Common stock transactions	120,000	172,000	266,000	332,000	0
Dividends paid	−14	−13	−13	−12	−8
Purchases of treasury stock	−121,000	−436,000	−444,000	−509,000	−495,000
Cash used for financing activities	−14	−14	−13	−12	−9
Effect of foreign currency rate changes on cash	114,000	1	1	−5	107,000
Increase (decrease) in cash and cash equivalents	31	34	−18	−111	28
Accrued dividends	23,000	18,000	227,000	115,000	911,000
Non-cash treasury activity	110,000	451,000	938,000	9,000	0
Cash (received) paid for taxes	−933,000	2	17	19	27
Cash paid for interest	171,000	115,000	114,000	113,000	114,000

Filings

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