RACINE, Wis., December 8, 2022 (GLOBE NEWSWIRE) — Johnson Outdoors Inc. (Nasdaq:Jout)a leading global innovator of outdoor recreation equipment and technology, today announced that its Board of Directors has approved a quarterly cash dividend of $0.31 per Class A share and $0.2818 per Class B share.
The quarterly cash dividend is payable on January 26, 2023 to shareholders of record at the close of business on January 12, 2023.
About Johnson Outdoors Inc.
JOHNSON OUTDOORS is a leading global innovator of outdoor recreation gear and technologies that inspire more people to experience the awe of the great outdoors. The company designs, manufactures and markets a portfolio of successful, consumer-preferred brands across four categories: watersports, fishing, diving and camping. Johnson Outdoors iconic brands include: Old Town® canoes and kayaks; Ocean Kayak™; Carlisle® paddle; Minn Kota® fishing motors, batteries and anchors; Cannon® downrigger; Humminbird® marine electronics and charts; SCUBAPRO® diving equipment; Jetboil® outdoor cooking systems; and Eureka!® camping and hiking gear.
Visit Johnson Outdoors at http://www.johnsonoutdoors.com
Safe Harbor Declaration
Certain matters discussed in this press release are “forward-looking statements” intended to qualify for safe harbors from liability under the Private Securities Litigation Reform Act of 1995. Statements that are not statements of historical fact are 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 these terms or other words of similar meaning. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual outcomes or results to differ materially from those currently anticipated. Factors that could affect actual outcomes or results include those under the heading “Risk Factors” in point 1A of the Company’s Form 10-K filed with the Securities and Exchange Commission on December 10, 2021 and the following: changes in economic conditions, consumer confidence and discretionary spending patterns in key markets; uncertainties arising from political instability (and its impact on the economies in the jurisdictions in which the Company operates), changes in US trade policies, tariffs, and other countries’ response to such changes; the global disease outbreaks, such as the COVID-19 pandemic, which have impacted and may continue to impact market and economic conditions as well as the timing, pricing and continued availability of raw materials and components from our supply chain, together with far-reaching impacts to employees, customers and various aspects of our business; the Company’s success in executing its strategic plan, including its targeted sales growth platforms, innovation focus and increasing digital footprint; litigation costs related to claims and disputes with third parties, including competitors; the Company’s continued success in managing working capital and reducing its cost structure; the Company’s success in integrating strategic acquisitions; the risk of future amortization of goodwill or other long-lived assets; the ability of the Company’s customers to meet payment obligations; the impact of the actions of the Company’s competitors in relation to product development or improvement or the introduction of new products in the Company’s markets; movements in foreign currencies, interest rates or commodity costs; fluctuations in raw material prices or the availability of raw materials or components used by the Company; disruptions in the Company’s supply chain as a result of material fluctuations in the Company’s order volume and requirements for raw materials and other components necessary to manufacture and manufacture the Company’s 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 company’s ability to successfully deploy its capital; unexpected results related to the outsourcing of certain manufacturing processes; unexpected outcomes related to litigation; and adverse weather conditions and other factors affecting climate change legislation. 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 any such forward-looking statements. The forward-looking statements contained herein speak only as of the date of this filing. The Company undertakes no obligation and disclaims any obligation to update any such forward-looking statements to reflect subsequent events or circumstances.
|At JOhnson Ooutside Inc.|
VP & Chief Financial Officer
VP – Marketing Services & Global Communications