Johnson Outdoors Inc. reported fiscal second quarter net income of $8.9 million, or 90 cents per share, up from $7.3 million, or 74 cents per share, in the same period a year ago.
The Racine-based company’s quarterly net sales grew to $132.1 million from $128.7 million.
“Growth in North America and Northern Europe more than offset declines in challenging markets across Southern Europe this year. Marine Electronics remains our primary growth engine with an 11 percent jump in sales and significant growth in operating profit year-to-date. Exceptional new products generated more than half of Marine Electronic sales, in particular, the Minn Kota iPilot Link which is exceeding expectations. Equally important, meaningful innovation is driving organic growth in core segments and key channels across all Marine Electronic brands,” said Helen Johnson-Leipold, chairman and chief executive officer of Johnson Outdoors. “Ensuring a better balance of profit contribution across Johnson Outdoors’ portfolio is a key focus of our new three-year Value Plus strategic plan. Comprehensive efforts are underway to reinvigorate and build momentum in Watercraft and Camping, and deliver innovation in core life-support categories in Diving, against that goal.”
Johnson-Leipold added, “Disciplined balance sheet management and improved operating flexibility continue to benefit the bottom-line, and while financial results are solid thru the first half of the year, it is still too early to predict full-year performance. Unseasonably cold and wet Spring weather has delayed the retail season in some parts of the country and consumer demand is always the critical determining factor. We feel good about where we are and our ability to adjust accordingly to unpredictable variables and meet our 2015 plan goal of consistently growing profits faster than sales.”
