Johnson Outdoors Announces Cash Dividend
May 30 2024 - 6:00AM
Johnson Outdoors Inc. (Nasdaq: JOUT), a leading
global innovator of outdoor recreation equipment and
technology, today announced approval by its Board of Directors of a
quarterly cash dividend of $0.33 per Class A share and $0.30 per
Class B share.
The quarterly cash dividend is payable on July 25, 2024, to
shareholders of record at the close of business on July 11,
2024.
About Johnson Outdoors Inc.
JOHNSON
OUTDOORS is a leading global
innovator of outdoor recreation equipment and technologies that
inspire more people to experience the awe of the great outdoors.
The company designs, manufactures and markets a portfolio of
winning, consumer-preferred brands across four categories:
Watercraft Recreation, Fishing, Diving and Camping. Johnson
Outdoors' iconic brands include: Old Town® canoes and kayaks;
Carlisle® paddles; Minn Kota® trolling motors, shallow water
anchors and battery chargers; Cannon® downriggers; Humminbird®
marine electronics and charts; SCUBAPRO® dive equipment; Jetboil®
outdoor cooking systems; and, Eureka!®camping and hiking
equipment.
Visit Johnson Outdoors at
http://www.johnsonoutdoors.com
Safe Harbor Statement
Certain matters discussed in this press release are
“forward-looking statements,” intended to qualify for the safe
harbors from liability established by the Private Securities
Litigation Reform Act of 1995. Statements other than statements of
historical fact are considered forward-looking statements. These
statements may be identified by the use of forward-looking words or
phrases such as "anticipate,'' "believe,'' "confident," "could,''
"expect,'' "intend,'' "may,'' "planned,'' "potential,'' "should,''
"will,'' "would'' or the negative of those terms or other words of
similar meaning. Such forward-looking statements are subject to
certain risks and uncertainties, which could cause actual results
or outcomes to differ materially from those currently anticipated.
Factors that could affect actual results or outcomes include the
matters described under the caption “Risk Factors” in Item 1A of
the Company’s Form 10-K filed with the Securities and Exchange
Commission on December 8, 2023, and the following: changes in
economic conditions, consumer confidence levels and discretionary
spending patterns in key markets; uncertainties stemming from
political instability (and its impact on the economies in
jurisdictions where the Company has operations), uncertainties
stemming from changes in U.S. trade policies, tariffs, and the
reaction of other countries to such changes; the global outbreaks
of disease, such as the COVID-19 pandemic, which has affected, and
may continue to affect, market and economic conditions, along with
wide-ranging impacts on employees, customers and various aspects of
our operations; the Company’s success in implementing its strategic
plan, including its targeted sales growth platforms, innovation
focus and its increasing digital presence; litigation costs related
to actions of and disputes with third parties, including
competitors; the Company’s continued success in its working capital
management and cost-structure reductions; the Company’s success in
integrating strategic acquisitions; the risk of future write-downs
of goodwill or other long-lived assets; the ability of the
Company’s customers to meet payment obligations; the impact of
actions of the Company’s competitors with respect to product
development or enhancement or the introduction of new products into
the Company’s markets; movements in foreign currencies, interest
rates or commodity costs; fluctuations in the prices of raw
materials or the availability of raw materials or components used
by the Company; any disruptions in the Company’s supply chain as a
result of material fluctuations in the Company’s order volumes and
requirements for raw materials and other components, or the demand
for those same raw materials and components by third parties,
necessary to manufacture and produce the Company’s products
including related to shortages in procuring necessary raw materials
and components to manufacture and produce such products; the
success of the Company’s suppliers and customers and the impact of
any consolidation in the industries of the Company’s suppliers and
customers; the ability of the Company to deploy its capital
successfully; unanticipated outcomes related to outsourcing certain
manufacturing processes; unanticipated outcomes related to
litigation matters; and adverse weather conditions. Shareholders,
potential investors and other readers are urged to consider these
factors in evaluating the forward-looking statements and are
cautioned not to place undue reliance on such forward-looking
statements. The forward-looking statements included herein are only
made as of the date of this filing. The Company assumes no
obligation, and disclaims any obligation, to update such
forward-looking statements to reflect subsequent events or
circumstances.
At Johnson Outdoors Inc. |
David
JohnsonVP & Chief Financial Officer262-631-6600 |
|
Patricia PenmanVP – marketing services &
global communications262-631-6600 |
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