Johnson Outdoors Q3 2024 10-Q Filed
Ticker: JOUT · Form: 10-Q · Filed: Aug 5, 2024 · CIK: 788329
Sentiment: neutral
Topics: 10-Q, quarterly-filing, financials
Related Tickers: JOUT
TL;DR
**JOHNSON OUTDOORS (JOUT) FILED ITS Q3 2024 10-Q - FINANCIALS ARE IN.**
AI Summary
Johnson Outdoors Inc. reported its third quarter results for the period ending June 28, 2024. The company's financial performance for the quarter and year-to-date is detailed in this 10-Q filing. Specific revenue, profit, and balance sheet figures are provided for the periods ending June 28, 2024, and comparable prior periods.
Why It Matters
This filing provides investors with the latest financial performance data for Johnson Outdoors Inc., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing financial updates, not indicating any immediate or significant new risks.
Key Numbers
- Q3 2024 — Reporting Period (Indicates the specific quarter for which financial results are reported.)
- 2024-06-28 — Period End Date (The date through which financial data is presented.)
Key Players & Entities
- JOHNSON OUTDOORS INC (company) — Filer of the 10-Q
- 20240628 (date) — End of the reporting period
- 20240805 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the third quarter of fiscal year 2024, ending on June 28, 2024.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted to the SEC on August 5, 2024.
What is the company's ticker symbol?
The company's ticker symbol is JOUT, as indicated by the filing name 'jout-20240628.htm'.
What is the fiscal year end for Johnson Outdoors Inc.?
Johnson Outdoors Inc.'s fiscal year ends on September 27th (0927).
What is the company's state of incorporation?
Johnson Outdoors Inc. is incorporated in Wisconsin (WI).
Filing Stats: 5,058 words · 20 min read · ~17 pages · Grade level 15.5 · Accepted 2024-08-05 15:27:16
Filing Documents
- jout-20240628.htm (10-Q) — 1192KB
- jout6282024ex31_1.htm (EX-31.1) — 13KB
- jout6282024ex31_2.htm (EX-31.2) — 13KB
- jout6282024ex32.htm (EX-32) — 7KB
- 0001140361-24-035733.txt ( ) — 6778KB
- jout-20240628.xsd (EX-101.SCH) — 37KB
- jout-20240628_cal.xml (EX-101.CAL) — 64KB
- jout-20240628_def.xml (EX-101.DEF) — 252KB
- jout-20240628_lab.xml (EX-101.LAB) — 573KB
- jout-20240628_pre.xml (EX-101.PRE) — 417KB
- jout-20240628_htm.xml (XML) — 980KB
FINANCIAL INFORMATION
PART I FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements Condensed Consolidated Statements of Operations - Three and nine months ended June 28 , 2024 and June 30, 2023 - 1 Condensed Consolidated Statements of Comprehensive Income - Three and nine months ended June 28 , 2024 and June 30 , 2023 - 2 Condensed Consolidated Balance Sheets - June 28 , 2024, September 29, 2023, and June 30 , 2023 - 3 Condensed Consolidated Statements of Shareholders' Equity - Three and nine months ended June 28 , 2024 and June 30 , 2023 - 4 Condensed Consolidated Statements of Cash Flows - N ine months ended June 28 , 2024 and June 3 0 , 2023 - 6 Notes to Condensed Consolidated Financial Statements - 7
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations - 21
Quantitative and Qualitative Disclosures about Market Risk
Item 3. Quantitative and Qualitative Disclosures about Market Risk - 27
Controls and Procedures
Item 4. Controls and Procedures - 27
OTHER INFORMATION
PART II OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings - 27
Risk Factors
Item 1A. Risk Factors - 27
Other Information
Item 5. Other Information - 27
Exhibits
Item 6. Exhibits - 28
Signatures
Signatures - 28 Exhibit Index - 29 Index JOHNSON OUTDOORS INC.
FINANCIAL INFORMATION
PART I FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) Three Months Ended Nine Months Ended (thousands, except per share data) June 28, 2024 June 30, 2023 June 28, 2024 June 30, 2023 Net sales $ 172,472 $ 187,047 $ 486,972 $ 567,499 Cost of sales 110,650 109,460 310,865 351,798 Gross profit 61,822 77,587 176,107 215,701 Operating expenses: Marketing and selling 41,109 39,504 111,040 113,585 Administrative management, finance and information systems 13,935 12,638 42,302 43,944 Research and development 7,284 8,002 23,478 23,867 Total operating expenses 62,328 60,144 176,820 181,396 Operating (loss) profit ( 506 ) 17,443 ( 713 ) 34,305 Interest income ( 1,123 ) ( 1,244 ) ( 3,178 ) ( 2,806 ) Interest expense 37 39 115 114 Other income, net ( 327 ) ( 1,174 ) ( 7,468 ) ( 10,939 ) Profit before income taxes 907 19,822 9,818 47,936 Income tax (benefit) expense ( 715 ) 5,021 2,085 12,395 Net income $ 1,622 $ 14,801 $ 7,733 $ 35,541 Weighted average common shares - Basic: Class A 9,024 8,980 9,007 8,963 Class B 1,208 1,208 1,208 1,208 Participating securities 17 22 17 16 Weighted average common shares - Dilutive 10,249 10,210 10,232 10,187 Net income per common share - Basic: Class A $ 0.16 $ 1.46 $ 0.75 $ 3.51 Class B $ 0.16 $ 1.33 $ 0.75 $ 3.19 Net income per common share - Diluted: Class A $ 0.16 $ 1.44 $ 0.75 $ 3.47 Class B $ 0.16 $ 1.44 $ 0.75 $ 3.47 The accompanying notes are an integral part of the condensed consolidated financial statements. - 1 - Index JOHNSON OUTDOORS INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) Three Months Ended Nine Months Ended (thousands) June 28, 2024 June 30, 2023 June 28, 2024 June 30, 2023 Net income $ 1,622 $ 14,801 $ 7,733 $ 35,541 Other comprehensive income (loss): Foreign currency translation ( 439 ) 1,018 241 4,462 Unrealized gain (loss) on available-for-sale securities, net of tax 14 ( 126 ) 98 ( 126 ) Change in pension