Johnson Outdoors (NASDAQ:JOUT) 4Q17 earnings exceed street estimates

Johnson Outdoors (NASDAQ:JOUT) revealed net income for the fourth quarter of $ 0.59 million or 6 cents per share, compared to loss of $ 2.13 million or 21 cents per share, in the year-ago period.

Headquartered in Racine, Wisconsin, the company disclosed, revenue that reached $ 91.76 million, rose 22% from $ 74.94 million a year ago.

The consensus estimates from Thomson Reuters are break even per share from $ 86.05 million in revenue.

Helen Johnson-Leipold, Chairman and CEO, said: Johnson Outdoors had an exceptional year, driven by unprecedented growth across our flagship Minn Kota and Humminbird fishing brands as demand for the new Ultrex electric cable steer trolling motor, Helix Series fishfinders and new-to-world MEGA Imaging sonar technology remained very strong throughout the year.

The CEO, continued, We also benefitted from our work to revitalize innovation in SCUBAPRO with successful introductions of the new Hydros buoyancy compensator and G2 dive computer.Looking ahead to next year, we expect a slower pace of growth in our fishing business and topline growth overall.

For the twelve months period, JOUT disclosed net income of $ 35.16 million or $ 3.51 per share from the revenue of $ 490.57 million.

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