Racine-based outdoor recreation equipment manufacturer Johnson Outdoors Inc. today reported a fiscal fourth quarter net loss of $786,000, compared with a net loss of $3.5 million in the fourth quarter of 2013.
Revenue was $84.9 million, up from $77.3 million in the same period a year ago.
The company attributed the increase to strong market momentum from new products in the second half of the year, which nearly offset declines during the first half of the year due to extreme weather conditions.
For the full year, net income was $9.1 million, down from $19.3 million in 2013.
Fiscal 2014 revenue was $425.4 million, down from $426.5 million last year.
“Despite a challenging start to the year, we once again benefitted from the power of our market-leading brands and dedication to delivering innovation to our outdoor recreation enthusiasts,” said Helen Johnson-Leipold, chairman and chief executive officer. “Bottom-line results mask the progress made to help ensure a better balance of profitability across our portfolio in the future, notably in Outdoor Gear and Watercraft. Our Marine Electronics business remains a formidable engine of profitable growth, while our work to strengthen performance in Diving continues. Looking forward, our commitment to long-term value creation and sustained consumer loyalty demands added focus and investment to further expand and grow our brand equities and market positions, and consistently strive for improved operational performance. In doing so, we will continue to be an ever smarter, stronger and better company overall.”
