Johnson Outdoors, citing improving economic conditions and a more stable outdoor recreational sector, reports a 6 percent sales increase to $112.9 million for the second quarter ended April 2. Currency effect contributed 2.1 percent to the growth. Operating profit was $8.1 million, up from $5.8 million in last year.
The net income was $6.2 million, compared with $2.5 million in 2009, a 148 percent increase. The gross margin was up by 2.8 percentage points to 40.3 percent.
The outdoor equipment segment saw a 62 percent jump in sales to $13.7 million, and its operating profit skyrocketed by 378 percent to $1.9 million. The company said shipments of kayaks, canoes, tents, fish finders and other gear led the climb. Consumer camping sales were up by 42.7 percent, and military sales more than doubled.
Watercraft had a 25 percent drop in sale to $16.2 million, and reported a profit of $134,000. The diving unit had a 19 percent sales increase to $21.2 million with a 2 percent uptick in operating profit to $300,000. Marine electronics grew by 6 percent to $62.1 million, and its operating profit was up by 13 percent to $8.1 million.
For the first six months of the year, revenues grew by 4 percent to $183.4 million, including 2.6 percent contributed from favorable currency effects. The operating profit leapt by 650 percent to $4.5 million, and the net income improved to $1.9 million, compared with a loss of $4.4 million last year.
