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Johnson Outdoors Inc.

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FY2022 Annual Report · Johnson Outdoors Inc.
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ADVENTURES

FOR GENERATIONS TO COME

2022 ANNUAL REPORT

ENGAGING FOR
THE FUTURE

JOHNSON OUTDOORS PUSHES FOR CHANGE EVERY DAY.

From creating the equipment that empowers people to experience 

their next great adventure, to promoting environmental participation 

that protects our natural spaces, we seek to reach out with an ever-

expanding positive impact. Our focus is on continuing to earn the 

trust of our stakeholders—while inspiring people to experience and 

value the great outdoors for generations to come.

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COMPANY 
SNAPSHOT

Our businesses translate deep, rich consumer insights 

into innovative products that create a positive impact and 

deliver the best outdoor experiences possible.

F I S H I N G

D I V I N G

Fishing motors

Fish finders

Downriggers

Shallow water anchors

Digital charts & maps

Regulators

Buoyancy compensators

Dive computers

Masks/fins/snorkels

Divewear

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JOUT-NASDAQ 2022 COMPANY SNAPSHOT (AS OF 9.30.22)

$743.4 m 

16

N E T   S A L E S

P R O D U C T 
C AT E G O R I E S

1,500

E M P L OY E E S

20

80

FA C I L I T I E S 
W O R L D W I D E

C O U N T R I E S

C A M P I N G

Tents

Personal & family  
cooking systems 

W A T E R C R A F T 
R E C R E A T I O N

Kayaks & canoes

Fishing craft

Camp furniture & accessories

Personal flotation devices

Paddles & accessories

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L E T T E R   F R O M   T H E   C H A I R M A N

ADVENTURES
FOR GENERATIONS TO COME

SALES HELD STEADY THROUGHOUT 2022 AS WE SAW CONTINUING 
DEMAND FOR JOHNSON OUTDOORS PRODUCTS.

FY 2022 PERFORMANCE
This fiscal year was marked by two competing 
trends. First, demand from our trade partners for 
Johnson Outdoors products remained strong, 
with high participation in outdoor recreation. 
We saw double-digit growth in our Camping 
business, continuing momentum in Watercraft, 
and growth in Diving as markets opened and 
tourism began to recover. 

Building on powerful consumer insights.  
Our intense focus on deep, rich consumer 
insights is key to creating equipment that people 
can rely on for their next great adventure. 
We continue to earn the trust of experienced 
outdoor enthusiasts as well as outdoor recreation 
newcomers—because our products demonstrate 
that we understand their wants and can uncover 
their needs. 

At the same time, however, global supply chain 
disruptions persisted—especially in our Fishing 
business. Fiscal 2022 sales held relatively steady, 
down just 1 percent from last year’s record high. 
Operating profit decreased 40 percent, and net 
income fell 47 percent over the prior fiscal year.

It’s clear that managing the challenging supply 
chain environment is a top priority. We continue 
to evaluate all avenues to mitigate supply and 
cost pressures moving into the next fiscal year.

PURSUING PROVEN STRATEGIES
Even as we’re working to maximize product 
build and shipments to customers, we’re also 
looking to the future—pursuing the strategic 
initiatives that over the years have helped us 
develop strong, market-leading brands across 
our portfolio.

Sustaining innovation leadership.  
Year after year, our innovative products win 
industry recognition and drive sales. We’re 
strategic about integrating the right new 
technologies and features, building on our 
consumer insights as well as our technical know-
how and our own passion for adventure. 

Surfacing new growth opportunities.  
The willingness to embrace change enables us 
to identify opportunities for both organic growth 
and growth through acquisition. We regularly 
challenge current thinking, grounding our 
approach in research, analytics and expertise in 
new technologies.

Advancing digital leadership.  
Consumer habits and expectations evolve as 
rapidly as the technology that serves them. We 
continue to optimize our digital and ecommerce 
effectiveness, emphasizing both digital marketing 
and omnichannel access.

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EXPANDING ENVIRONMENTAL FOCUS 
Leaving the world a better place has always 
been central to our values. We continue to build 
the capabilities to drive environmental action as 
a company and with our consumers. 

We’re assessing the natural resources we use 
in our operations, such as water and energy, 
and looking for opportunities to reduce waste, 
recycle materials and pursue continuous 
improvement. For example, we’re exploring the 
use of renewable energy to power a portion of 
our operations.

This year we also launched our partnership with 
the National Wildlife Federation, a crucial step 
to advance natural resource conservation. While 
we’ll support NWF programs like Eco-Schools 
USA and the Earth Tomorrow program for 
underserved youth, our focus is the initiative we 
created with NWF—the Clean Earth Challenge.

This challenge calls on outdoor enthusiasts 
all over the world to remove litter from the 
wild spaces we all love, tracking progress and 
encouraging others to join in. We’re excited to 
see the momentum building, kicked off by our 
enthusiastic employees, consumers and other 
participants.

APPRECIATING OUR PEOPLE
Recognizing that our people truly are our greatest 
asset, we continually look for ways to make 
Johnson Outdoors a workplace of choice. We’re 
expanding inclusivity efforts as well as continuing 
to emphasize employee safety, well-being, 
engagement and professional development. 

FOR GENERATIONS TO COME
Johnson Outdoors works every day to create 
long-term value for all stakeholders—from our 
people, customers, consumers and investors to 
the entire planet. When it comes to the great 
outdoors, we’re determined to make decisions 
for the greater good—ensuring continuing 
adventures for generations to come.

Helen P. Johnson-Leipold  
Chairman & Chief Executive Officer

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N A T I O N A L   W I L D L I F E   F E D E R A T I O N   P A R T N E R S H I P

MAKING A POSITIVE  IMPACT, TOGETHER

Our commitment to leaving the planet better than we found it has 
always been at the core of Johnson Outdoors and our family of 
brands. Now more than ever, it is imperative that we work together 
with partners like the National Wildlife Federation as well as our 
consumers to ensure that our natural spaces are healthy and thriving 
for us and generations to come.

— Helen P. Johnson-Leipold, Chairman & Chief Executive Officer

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MAKING A POSITIVE  IMPACT, TOGETHER

JOHNSON OUTDOORS PARTNERS WITH  
NATIONAL WILDLIFE FEDERATION

AS OUTDOOR ADVENTURERS, WE BELIEVE IT’S OUR DUTY to be good stewards of the land. 
That’s why Johnson Outdoors is partnering with the National Wildlife Federation to protect and 
preserve the wild spaces we love. 

The NWF is America’s largest, most trusted conservation organization, working to unite us all 
in giving wildlife a voice. Its six million-plus members and supporters include hunters, anglers, 
gardeners, birders, hikers, campers, paddlers, and other outdoor enthusiasts. NWF programming 
focuses on conserving wildlife, restoring habitats and waterways, expanding outdoor 
opportunities, connecting children with nature, and addressing the causes and consequences of 
climate change.

Together we’re creating the Clean Earth Challenge—calling on individuals and organizations 
worldwide to get outdoors and take simple conservation actions. Our goal is to advance 
restoration and resilience of the land and water that sustain people, wildlife and the planet.

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C L E A N   E A R T H   C H A L L E N G E

GET OUTDOORS 
AND CLEAN UP  
THE EARTH
CLEAN EARTH CHALLENGE 
INSPIRES GLOBAL ACTION

THIS SUMMER, HUNDREDS OF EMPLOYEES AT OUR LOCATIONS 
AROUND THE WORLD represented Johnson Outdoors in kicking off 
the #CleanEarthChallenge, which we created in partnership with the 
National Wildlife Federation. They swept through parks, hiking trails, 
and beaches, alongside and even in rivers, streams and lakes, to pick 
up tens of thousands of pieces of trash.

And that’s just the beginning. We’re calling on all fellow outdoor 
enthusiasts to help us remove one million pieces of litter from the 
great outdoors. Join in—and bring a friend!  
Visit www.cleanearthchallenge.com.

WHY IS PICKING UP TRASH IMPORTANT?

“There are many treasures in our waste: raw 
materials and valuable substances that can be 
recycled. That’s why we separate our waste and 
collect metal, glass and paper. This creates a 
cycle that protects our environment.”

—SCUBAPRO® Employee

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WHY WERE YOU EXCITED TO PARTICIPATE?

“My family and I love to spend time outside, 
and I have a 3-year-old who loves to run around 
barefoot. I’d like to have the woods clean so 
she’ll be safe and can enjoy them.” 

—Humminbird® Employee

JOHNSON OUTDOORS
COMPANY-WIDE
CLEAN EARTH CHALLENGE 
2022 RESULTS

80,047 pieces to date*

482 employees participated

17 locations participated

23 employee clean-up events

*May 28 through September 9, 2022

HOW DO YOU FEEL ABOUT WORKING  
FOR A COMPANY THAT SUPPORTS  
THIS KIND OF EVENT?

“An event like this shows everyone that we care. 
‘Outdoors’ is right in our name—and Johnson 
Outdoors really cares about the environment.” 

—Minn Kota® Employee

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F I S H I N G

TIMELESS 
LEADERSHIP

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F I S H I N G

REAL-LIFE LEGEND

MOTORS WITH THE NAME ANGLERS WANT 

FOR NEARLY 90 YEARS, ANGLERS HAVE DEPENDED on Minn Kota® for cutting-edge, tough-as-nails 
trolling motors that go wherever the fish are. 

This year saw continued demand for Ultrex™ trolling motors, renowned for Power Steering and  
Spot-Lock® technology. The legend grew when we added the new Humminbird® MEGA Live 
Imaging™ TargetLock™ feature. Anglers can lock in their MEGA Live view whether the boat is moving 
or anchored via Spot-Lock—making it easier to stay on a point and catch more fish. 

The One-Boat Network® continues our commitment to make the most advanced fishing gear even 
better, by making it work together. Uniting Humminbird fish finders with Minn Kota trolling motors and 
shallow water anchors like the Raptor™ unlocks epic potential for anglers everywhere. 

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ULTREX™ TROLLING 
MOTORS, with years 
of proven performance, 
now bring anglers 
new benefits with 
Humminbird® MEGA Live 
Imaging™ TargetLock™ 
technology.

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F I S H I N G

HUMMINBIRD® MEGA LIVE HAND CONTROL™ UNIVERSAL gives anglers independent control of the MEGA Live™ 
Imaging Transducer on any vessel, with or without a trolling motor—for detailed views of what’s below.

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PERFECTLY ON POINT

FISHING’S MOST POWERFUL TECHNOLOGIES

WE CHANGE THE WAY PEOPLE FISH with 
breakthrough Humminbird® technology—and we’re 
always looking for new ways to connect with Minn 
Kota® products. This year’s award-winning MEGA Live 
Imaging™ TargetLock™, used with the Ultrex™ trolling 
motor, lets anglers steer the MEGA Live transducer 
beam independently of the trolling motor—from the 
foot pedal, the fish finder, or optional hand remote—
to easily stay on a productive fishing point.

Other recent innovations extend the benefits of 
MEGA Live Imaging to any boat, with the universal 
MEGA Live Hand Control™. And all-new LakeMaster® 
maps now include features like SmartStrike, enabling 
anglers to enter parameters such as season, time 
of day, temperature and targeted fish species to 
highlight areas where fish are most likely to be biting. 
It all comes down to one vital point: helping anglers 
catch more fish.

HUMMINBIRD MEGA LIVE IMAGING™ 
TARGETLOCK™ brought home our 11th 
ICAST “Best in Category for Electronics” 
win in 12 years. This exclusive technology 
locks on to structure at the push of a 
button, even while the boat is moving or 
anchored using Minn Kota® Spot-Lock®—
empowering anglers to fish on with 
absolute confidence.

HUMMINBIRD LAKEMASTER® and 
LakeMaster Premium, both with VX 
Technology, bring anglers exceptional 
map performance, packed with more 
information and powerful features for 
customization.

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W A T E R C R A F T   R E C R E A T I O N

CLASSIC 
EXPERIENCE

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W A T E R C R A F T   R E C R E A T I O N

PIONEERS IN 
PADDLING

SHAPING ADVENTURE  
ON THE WATER

FROM OUR FIRST CANOES IN 1898 to 
our most recent fleet of innovative kayaks, 
Old Town® has delivered an industry-
defining mix of quality and versatility. 

Our Old Town Sportsman fishing kayaks 
continue to win awards, starting with 
the Discovery Solo 119 Sportsman—a 
lightweight solo canoe that paddles like 
a kayak and is great for anglers, hunters 
and explorers. 

The Old Town Sportsman AutoPilot™ 
136 shows the power of integrating our 
products.  This motorized kayak has a hull 
designed for bigger water and includes 
Minn Kota® Spot-Lock® technology. 
Anglers can motor to their fishing spot 
faster, then hold position with ease. 

All Sportsman kayaks feature 
customizable accessory tracks, cushioned 
floor pads, a custom tackle box, and 
plenty of rod holders—everything to set 
the standard for a great day on the water.

BEST FISHING BOAT FOR 2022, 
PADDLING MAGAZINE The Sportsman 
AutoPilot™ 136 uses a GPS-enabled Minn 
Kota® trolling motor to propel, maneuver 
and “anchor” the kayak using Spot-Lock® 
technology.

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BEST OVERALL FISHING CANOE FOR 
2022, FIELD & STREAM The Discovery 119 
Solo Sportsman blends the simplicity of a 
classic solo canoe with the agility of a kayak 
for grab-and-go ease. 

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C A M P I N G

DEEP-ROOTED 
PASSION

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DEEP-ROOTED 

PASSION

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C A M P I N G

HERITAGE MEETS VISION

KEEPING CAMPERS 
AT HOME IN THE 
OUTDOORS

CAMPING IS A GATEWAY TO LIFELONG 
PARTICIPATION in outdoor recreation—and 
with more than 125 years of providing camping 
essentials, Eureka!® makes it easy to ignite a love 
of adventure.

We encourage consumers to #GOFORTHEFUNOFIT 
with user-friendly tents like the Copper Canyon. 
Easy setup, smart features and full standing 
height make it Eureka’s most livable family car 
camping tent.

Camp stoves like the popular SPRK Camp Grill™ 
let campers pack small without sacrificing their 
grill top. The SPRK features precise temperature 
controls, an easy-to-clean ceramic grate, and an 
integrated fuel compartment, making campsite 
cooking a pleasure. 

With smarter, comfier, “funner” gear, Eureka! 
welcomes the continuing surge of campers—and 
the next generation of outdoor enthusiasts.

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BEST PORTABLE GAS GRILL 2022, 
MEN’S HEALTH MAGAZINE  
The Eureka!® SPRK Camp Grill™ , 
described by Men’s Health as “a no-
nonsense grill to throw into the car” 
for your weekend getaway, features a 
compact, all-in-one design. 

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C A M P I N G

A WAY OF LIVING

GEAR FOR THE NEXT HORIZON

BACKCOUNTRY HIKERS, CAMPERS AND 
BIKERS know it’s essential to streamline every 
last item in your pack—and that’s where 
Jetboil® excels. Our cooking systems are 
intuitive, reliable and lightning-quick, combining 
efficiency with a convenient form factor.

Award winners like the Jetboil Stash™ and the 
Jetboil MiniMo deliver superior efficiency with 
our groundbreaking FluxRing® technology.  

Both cooking systems can reach a rolling boil 
in just over two minutes, with half the fuel 
consumption of traditional systems. That makes 
a difference whether users are boiling water for 
coffee or cooking dinner for the crew.

Jetboil helps consumers cook amazing meals,  
in places that make them happy, with friends  
that make them even happier. It’s what we  
mean by #MEALTIMEELEVATED.

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THE PERFECT STOVE FOR 
WEIGHT- AND SPACE-
CRITICAL MISSIONS, 
FORBES VETTED The 
Jetboil® Stash™ cooking 
system weighs less 
than half a pound; at 
7.1 ounces, Forbes 
Vetted says, it’s “the 
weight of a pair of 
socks.” Rapid boil time 
makes it “a morning 
coffee and dehydrated meal 
powerhouse.”

BEST CAMPING STOVE FOR 2022, 
SPORTS ILLUSTRATED The Jetboil® MiniMo 
cooking system saves pack space with its 
clever sideways burner storage design. 
Jetboil’s proprietary regulator technology 
offers incremental heat adjustments from 
light simmer to full boil, perfect for sautéing 
greens, simmering sauces, and more.  

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D I V I N G

ESSENTIAL 
INNOVATION

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D I V I N G

DEEP INTO THE FUTURE

THE WORLD’S MOST 
TRUSTED DIVE BRAND

WE KEEP DIVERS LOOKING FORWARD 
to the next adventure with reliable, 
innovative SCUBAPRO® gear.

This year’s Seawing Supernova fin fine-
tunes the angle of attack according to the 
strength of kick, for effortless power and 
speed. The Supernova’s award-winning 
two-piece design simplifies transport, 
and with the optional full foot pocket, the 
fin can be modified for any warm-water 
dive scenario.

We continue to enhance our range of 
dive regulator systems, with forward-
thinking designs and materials to deliver 
reliability and durability. Comfortable 
gear is also a priority, as evidenced by 
the award-winning Level BCD. And this 
year we furthered color options with 
additions such as the GO Sport fin in pink 
and the Zoom dual-lens mask in orange. 
With SCUBAPRO gear, the possibilities 
are truly endless.

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RED DOT AWARD – PRODUCT DESIGN 
The SCUBAPRO® 2022 Seawing Supernova 
represents the next generation of 
powerful SCUBAPRO fins. It’s a step up 
from the Seawing Nova in performance, 
construction, fit and versatility, maximizing 
speed, power and kicking control.

SCUBALAB TESTERS CHOICE, SCUBA 
DIVING MAGAZINE The SCUBAPRO® 
Level BCD offers eye-catching graphics 
while advancing comfort and performance. 
The bladder is lightweight yet rugged, 
designed to wrap without squeezing. And 
multiple harness features make it easy to 
fine-tune for the perfect fit.

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P E R F O R M A N C E

FOCUSED 
ON OPPORTUNITY

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M A N A G E M E N T   P E R S P E C T I V E

FOCUSED
ON STRATEGIC PRIORITIES

JOHNSON OUTDOORS SALES HOLD STEADY, BUT SUPPLY CHAIN ISSUES 
IMPACT PROFITABILITY

Total company revenue for fiscal 2022 fell 
1 percent to $743.4 million, versus $751.7 million 
in fiscal 2021. 

Factors affecting results included:

• In Fishing, despite strong demand, revenue 

declined 5 percent, driven primarily by supply 
chain disruptions that slowed our ability to 
complete and ship finished goods.

• Camping grew 12 percent due to higher sales 

for both Jetboil® and Eureka!® products.

• Watercraft Recreation sales increased  

• Diving sales rose 14 percent as global 

regions reopened and tourism increased.

Total operating profit was $66.3 million in fiscal 
2022, comparing unfavorably to $111.3 million 
in the prior fiscal year. High materials costs 
pushed gross margin down to 36.5 percent in 
fiscal 2022, versus 44.5 percent in fiscal 2021. 
Operating expenses decreased $17.8 million, 
due largely to lower variable and deferred 
compensation expense. Profit before income 
taxes was $58.9 million versus $112.9 million in 
the prior year.

2 percent due to continued demand for the 
Sportsman line.

Net income for fiscal 2022 was $44.5 million, 
or $4.37 per diluted share, a 47 percent 

FY2022 HIGHLIGHTS

•  Continued strong orders in all business segments

•  Awards for new product innovation 

•  Debt-free balance sheet

•  Increased quarterly dividend to shareholders 

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decline from $83.4 million, or $8.21 per diluted 
share, in fiscal 2021. The effective tax rate 
was 24.4 percent versus fiscal 2021’s rate of 
26.2 percent.

Heading into fiscal 2023, we continue to closely 
monitor demand and proactively manage 
inventory. While we’ve seen the supply chain 
improve for raw materials and purchased 
components, we expect constraints to occur 
periodically and for our margins to continue to 
be impacted by inflationary pricing. 

Our balance sheet and healthy cash position 
give us the flexibility and resources to invest 
in strategic opportunities to strengthen the 
business, while consistently paying dividends 
to shareholders.

Helen P. Johnson-Leipold  
Chairman & Chief Executive Officer 

David W. Johnson 
Vice President & Chief Financial Officer

OPERATING RESULTS*
Net sales

Gross profit

Operating profit

Net income 

Diluted earnings per common share

2020
$ 594,209

264,993

71,070

55,233

$5.47

Diluted average common shares outstanding

10,064

CAPITALIZATION
Total debt

Shareholders’ equity

Total debt to total capital

* $ Thousands, except per-share amount

2020
—

378,100

0%

2021
$ 751,651

334,125

111,283

83,381

$8.21

10,120

2021
—

458,505

0%

2022
$ 743,355

271,332

66,310

44,491

$4.37

10,151

2022
—

488,014

0%

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J O U T - N A S D A Q

BUSINESS 
PERFORMANCE FY2022
DEMAND FOR OUR PRODUCTS CONTINUES

F I S H I N G

D I V I N G

$526.6 M
FY2022 NET SALES

$78.9 M
FY2022 NET SALES

In Fishing, demand remained strong 
but supply chain challenges persisted 
throughout much of the fiscal year. As a 
result, revenue declined by 5 percent.

Sustaining innovation leadership is a key 
focus, and we’re always looking for new 
ways that Humminbird® and Minn Kota® 
products can work together. Our latest 
Humminbird innovation, MEGA Live 
Imaging™ TargetLock™, used with the 
Minn Kota Ultrex™ trolling motor, makes 
it easier for anglers to stay on a point 
and catch more fish. MEGA Live Imaging 
Targetlock won Best in Category for 
Electronics at this year’s ICAST, marking 
our 11th award in this category in the  
past 12 years.

Diving sales rose 14 percent from the prior 
fiscal year, as destinations around the world 
reopened and tourism increased.

Sustaining innovation is critical to our 
growth—and divers are loving the award-
winning, powerful Seawing Supernova 
fin launched this year by SCUBAPRO®. 
Winner of the prestigious Red Dot award 
for design, the Supernova is the go-to 
fin for avid recreational and professional 
divers seeking maximum speed, power and 
kicking control. 

Our continued innovation efforts will ensure 
SCUBAPRO’s position as the most trusted 
dive brand in the world.   

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OUTSTANDING BRANDS

Minn Kota® | Fishing Motors
Minn Kota® | Shallow Water Anchors
Humminbird® | Fish Finders
Humminbird® | Digital Maps
Cannon® | Downriggers
Eureka!® | Family Tents

Jetboil® | Personal Cooking Systems
Old Town® | Canoes & Kayaks
Old Town® | Fishing Craft
Ocean Kayak® | Kayaks
SCUBAPRO® | Diving Gear
SCUBAPRO® | Regulators & Computers

C A M P I N G

W A T E R C R A F T

$70.4 M
FY2022 NET SALES

$67.9 M
FY2022 NET SALES

Camping sales grew 12 percent due to 
higher sales for both Jetboil® and Eureka!® 
products.

Participation in the activity remains high, 
and demand for Eureka! consumer tents 
and stoves is strong. Camp stoves like 
the popular SPRK Camp Grill™ appeal to 
campers looking for toss-in-the-car ease.

In Jetboil, consumers remain excited about 
our innovative, superlight cooking systems. 
Both the Jetboil Stash™ and the Jetboil 
MiniMo won awards this year —empowering 
backcountry adventurers to dream big and 
pack small. 

Watercraft Recreation sales increased 
2 percent due to continued demand for 
the Old Town® Sportsman line, offering a 
watercraft for everyone looking to enjoy a 
great day on the water. 

This innovative fleet includes the 
award-winning, wildly versatile Discovery 
Solo 119 Sportsman—a lightweight solo 
canoe that paddles like a kayak and is 
great for fishing, waterfowl hunting, and 
enjoying lakes and rivers. The Sportsman 
AutoPilot™ 136, a motorized kayak, also 
earned plaudits for its use of Minn Kota® 
Spot-Lock® technology. Anglers can motor 
to their fishing spot faster, then hold 
position with ease.

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LEADERSHIP
OUR EXECUTIVE TEAM GIVES US AN EDGE 
WITH THEIR EXPERIENCE AND CAPABILITIES

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E X E C U T I V E   T E A M

TOP

CENTER

BOTTOM

Helen P. Johnson-Leipold
Chairman and CEO

David W. Johnson
Vice President and CFO

Larry Baab
Group Vice President,  
Camping and Watercraft

Judy Douglas
Group Vice President,  
Fishing

Terry Troutman
Vice President, 
Global Operations &  
Supply Chain

Khalaf M. Khalaf
Vice President,  
General Counsel and 
Corporate Secretary

John Moon
Vice President and  
Chief Information Officer

Patricia Penman
Vice President,  
Marketing Services and  
Global Communication

Joe Stella
Group Vice President,  
Global Diving

Sara Vidian
Vice President,  
Human Resources

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B O A R D   O F   D I R E C T O R S

GOVERNANCE
OUR BOARD OF DIRECTORS OFFERS  
VITAL BUSINESS ACUMEN AND EXPERIENCE

Helen P. Johnson-Leipold, Johnson Outdoors chairman and CEO, leads 
with skills in strategic planning, global operations, strategic marketing and 
branding, drawing on deep knowledge of the company and its industry. She 
served as a marketing executive with S.C. Johnson and Foote, Cone & Belding. 
Ms. Johnson-Leipold is chairman and director of Johnson Bank and Johnson 
Financial Group, Inc.; director of S.C. Johnson; and chairman, The Johnson 
Foundation at Wingspread.

Paul Alexander, chief marketing officer for the Boston University Questrom School 
of Business, is knowledgeable in global branding, marketing and communications. 
He previously served as chief marketing and communications officer for Eastern Bank; 
executive vice president and chief communications officer for Liberty Mutual Insurance; 
vice president of global advertising and design for the Campbell Soup Company; and 
in advertising and brand management at Procter and Gamble. Mr. Alexander is a board 
member of Skyword, a content marketing software and services company; the Ad Club 
of Boston; and the Association of National Advertisers (ANA).

Kathy Button Bell served as Emerson Electric Co.’s first chief marketing officer 
from 1999 to her December 2022 retirement. She was also a senior vice president 
and member of Emerson’s Office of the Chief Executive. Ms. Button Bell served 
on the Business Marketing Association board from 2010 to 2017, and in 2018 
was inducted into the ANA B2B Hall of Fame. She has also served as director and 
member of the Compensation Committee of Sally Beauty Holdings, held senior 
marketing positions at Converse Inc. and Wilson Sporting Goods, and was president 
of Button Brand Development. She currently serves on the Foundation Board of St. 
Louis Children’s Hospital and joined the board of Packsize in 2022. Ms. Button Bell 
brings expertise in global marketing, digital strategy and market research, as well as 
outdoor industry experience.

John M. Fahey, Jr., non-executive chairman of the board of directors of Time, 
Inc., from June 28, 2017 to April 2018, and retired chairman and CEO of the National 
Geographic Society, is knowledgeable in key Johnson Outdoors markets and outdoor 
leisure, travel and recreational industries. He brings skills in leadership, strategic 
planning, international business and enterprise risk management. Mr. Fahey is also a 
director of Lindblad Expeditions Holdings and a regent of the Smithsonian Institution.

38  |  JOUT-NASDAQ  |  2022 Annual Report

Edward F. Lang, senior vice president and CFO of the NFL’s  
New Orleans Saints and the NBA’s New Orleans Pelicans, provides insight in 
leisure industries and consumer products as well as broad experience in corporate 
finance, operations and enterprise risk management. He previously served with 
the NHL’s Nashville Predators for 13 years, most recently as president of business 
operations and alternate governor.

Richard “Casey” Sheahan, CEO of Simms Fishing Products LLC, brings proven 
knowledge, expertise and leadership in management, marketing and sustainable 
business practices in the outdoor industry. Former president of Keen Footwear 
and former president and CEO of Patagonia, Inc. and Lost Arrow Corporation, 
Mr. Sheahan also held senior leadership and marketing positions at Kelty, Inc., 
Wolverine Worldwide, Inc., Merrell Outdoor Division and Nike, Inc. A lifelong 
outdoor enthusiast, Mr. Sheahan has served on the board of the Outdoor Industry 
Association.

Edward Stevens, founder and CEO of Preciate, Inc., a software-based virtual 
socializing and recognition platform, and past strategic board advisor and 
previous CEO for KIBO Software, Inc., brings extensive experience in digital 
strategy, ecommerce, and omni-channel distribution, along with his international 
business strategy skills. Prior to his role at KIBO Software, Inc., he was founder and 
CEO of Shopatron. He is also chairman of the board for Demand Q, a software-
based peak demand energy solution.

Annie Zipfel is executive vice president of media at Ovative, a digital media and 
measurement firm, where she buys and optimizes myriad media types for clients in 
retail, consumer goods, healthcare and non-profits. She was senior vice president 
and chief marketing officer at Andersen Corporation from 2018 to September 2022, 
responsible for enterprise brand management, all digital, web, social media, product 
management, customer insight and analytics, and specialty business portfolio. Ms. 
Zipfel’s previous roles include Starbucks global vice president of category and brand 
for the Roastery and Reserve brands from 2015 to 2018, and marketing leadership 
positions at REI, Target Corporation and General Mills. She offers extensive 
experience in marketing, customer insights and analytics, digital strategy, retail and 
ecommerce, along with business strategy skills.

We would like to thank director William “Bill” Perez, who is 

not standing for re-election at the Annual Meeting, for his 

dedication and service to Johnson Outdoors.

  JOUT-NASDAQ  |  2022  Annual Report  |  39

Certain matters discussed in this report are “forward-looking statements” intended to be 
covered by the safe harbor provisions for forward-looking statements contained in the Private 
Securities Litigation Reform Act of 1995. Please see “Forward-Looking Statements” in the 
2022 Form 10-K for a discussion of uncertainties and risks associated with these statements.

www.JohnsonOutdoors.com

© 2023 Johnson Outdoors Inc.

Publisher: Patricia Penman 
Vice President, Marketing Services  
and Global Communication 
Johnson Outdoors Inc.

Editor-In-Chief: Allison Kitzerow

Design: Lynne and Gil Leigh, Modern Media 
www.modernmediausa.com

Editor: Mary Jo Thome

Production Coordinator: Amy Helvick 

Corporate Secretary 
Johnson Outdoors Inc. • 555 Main Street  
Racine, WI USA • 53403-1015

For more information, contact: 
Johnson Outdoors Inc. 
Patricia Penman
Vice President, Marketing Services  
and Global Communication 
262-631-6600 
patricia.penman@johnsonoutdoors.com

To contact the Board of Directors, visit: 
https://www.johnsonoutdoors.com/contact-us

Printed on recycled paper

J O H N S O N O U T D O O R S . C O M