LONDON, UK / ACCESSWIRE / January 10, 2018 / Active-Investors.com has just released a free earnings report on Johnson Outdoors Inc. (NASDAQ: JOUT). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=JOUT. Johnson Outdoors reported its fourth quarter and fiscal 2017 operating results on December 08, 2017. The outdoor gear Company outperformed top- and bottom-line expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Johnson Outdoor most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the three months ended September 29, 2017, Johnson Outdoors' sales surged 22% to $91.76 million compared to sales of $74.94 million in Q4 FY16, driven by continued strong new product demand in Fishing and Diving which more than offset lower sales in other units. The Company's revenue numbers beat analysts' expectations by $5.71 million.

For Q4 FY17, Johnson Outdoors' operating expenses were $38.91 million compared to $33.81 million in Q4 FY16, higher on a y-o-y basis due to higher revenue and increases in restructuring costs in Diving, compensation expenses, health-care costs, and warranty expense. The Company's y-o-y operating loss narrowed to $0.1 million in the reported quarter versus an operating loss of $4.9 million in the prior year's same quarter due to higher sales volume and strong margins.

Johnson Outdoors's net income of $0.6 million, or $0.06 per diluted share, in Q4 FY17 compared favorably to a net loss of $2.1 million, or $0.21, in Q4 FY16. The Company's earnings topped Wall Street's estimates by $0.06 per share.

Fiscal Year Results

For FY17, Johnson Outdoors' net sales surged 13% to $490.6 million on a y-o-y basis versus $433.7 million in FY16. New products across the Company's Minn Kota®, Humminbird®, SCUBAPRO®, and Jetboil® brands more than offset lower revenue in Watercraft Recreation and Camping.

During FY17, Johnson Outdoors' operating profit climbed 99% to $45.6 million versus $22.9 million in FY16, due to significantly higher sales volume and gross margin percentage improvement in every business unit. The Company's higher volume-related expenses, marketing expenditures, warranty reserves, and incentive compensation largely accounted for y-o-y increase in operating expenses.

Johnson Outdoors' net income for FY17 expanded to $35.2 million, or $3.51 per diluted share, reflecting a 160% improvement compared to net income of $13.5 million, or $1.34 per diluted share, in FY16.

Cash Matters

Johnson Outdoors reported cash and short-term investments of $110.4 million as of September 29, 2017, reflecting a $23.1 million increase above the prior year, with no debt on its balance sheet. The Company's depreciation and amortization (D&A) expense was $13.1 million year-to-date compared to $11.8 million in the prior year. Johnson Outdoors' capital spending totaled $11.6 million in fiscal 2017 compared to last year's $11.7 million.

Johnson Outdoors announced approval by its Board of Directors of a quarterly cash dividend of $0.100 per Class A share and $0.0909 per Class B share. The quarterly cash dividend is payable on January 25, 2018, to shareholders of record at the close of business on January 11, 2018.

Stock Performance Snapshot

January 09, 2018 - At Tuesday's closing bell, Johnson Outdoor's stock fell 1.75%, ending the trading session at $61.60.

Volume traded for the day: 31.34 thousand shares.

Stock performance in the previous six-month period ? up 29.71%; and past twelve-month period ? up 81.12%

After yesterday's close, Johnson Outdoor's market cap was at $613.54 million.

Price to Earnings (P/E) ratio was at 17.38.

The stock has a dividend yield of 0.65%.

The stock is part of the Consumer Goods sector, categorized under the Sporting Goods industry.

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