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RACINE, Wis. - Johnson Outdoors Inc. (NASDAQ:JOUT) announced Thursday that its Board of Directors has approved a quarterly cash dividend of $0.33 per Class A share and $0.30 per Class B share.
The dividend will be payable on July 24, 2025, to shareholders of record at the close of business on July 10, 2025, according to a press release statement from the company.
Johnson Outdoors, which manufactures outdoor recreation equipment, operates across four main product categories: Watercraft Recreation, Fishing, Diving, and Camping. The company’s portfolio includes brands such as Old Town canoes and kayaks, Minn Kota trolling motors, Humminbird marine electronics, SCUBAPRO dive equipment, and Jetboil outdoor cooking systems. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 3.88 and holds more cash than debt on its balance sheet, though analysts anticipate challenges in profitability this year.
The outdoor recreation equipment manufacturer trades on the Nasdaq stock exchange under the ticker symbol JOUT.
This announcement represents a regular quarterly dividend distribution to the company’s shareholders as part of its capital deployment strategy.
In other recent news, Johnson Outdoors reported its second-quarter earnings for fiscal year 2025, which fell short of analyst expectations. The company posted an earnings per share (EPS) of $0.22, significantly below the projected $0.66. Revenue also missed forecasts, coming in at $168.35 million compared to the anticipated $178.27 million. Despite these results, the company announced new product launches from its Humminbird and Jetboil brands, which have been well received in the market. Johnson Outdoors maintained a debt-free balance sheet and reduced operating expenses by $7.7 million, while also decreasing inventory by $69 million. The company continues to focus on innovation, with plans to invest in high-value consumer products and manage supply chain challenges. Analysts from Sidoti noted the company’s strategic initiatives amid a challenging market environment. The company’s leadership emphasized their commitment to creating long-term value for shareholders, despite current economic uncertainties.
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