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Johnson Outdoors Inc.

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FY2024 Annual Report · Johnson Outdoors Inc.
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2024 ANNUAL REPORT
SHAPING
TOMORROW’S
ADVENTURES

Adventurers trust Johnson Outdoors to combine our rich 
heritage with focused innovation for the best possible outdoor 
recreation experience. We’re pursuing better ways to serve 
our consumers, partners and communities—leveraging new 
technologies, tools and expertise to create a business that’s 
stronger than ever, and to shape a better tomorrow. 
EMBRACE CHANGE
 TO ENHANCE THE EXPERIENCE

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Johnson Outdoors is a leading global 
innovator of outdoor recreation equipment 
and technologies, with a portfolio of 
winning, consumer-preferred brands.
Company
SNAPSHOT
Fishing
Trolling motors
Fish finders
Downriggers
Shallow water anchors
Digital charts & maps
Diving
Regulators
Buoyancy compensators
Dive computers
Masks/fins/snorkels
Divewear

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JOUT-NASDAQ 2024 COMPANY SNAPSHOT (AS OF SEPTEMBER 27, 2024)
15
PRODUC T 
C ATEGORIES
80
COUNTRIES
1,200
EMPLOYEES
18
FACILITIES
WORLDWIDE
NET SALES
$592.8 m 
Camping
Personal & family 
cooking systems 
Watercraft
Kayaks & canoes
Fishing craft
Personal flotation devices
Paddles & accessories

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In Diving, we leveraged innovative 
marketing campaigns and introduced 
gear in standout colors to connect 
younger divers with the world-renowned 
SCUBAPRO® brand.
In Camping, we continued our focus on 
award-winning Jetboil® personal cooking 
systems. Fresh marketing campaigns built 
on unique partnerships to create new 
opportunities. 
In Watercraft, our revolutionary power-
assisted pedal drive, the Old Town® 
ePDL+™, continued to garner awards.
In short, we have strong brands that lead 
in their categories, we believe in the 
potential of these categories, and we’re 
pursuing opportunities to accelerate 
growth now and into the future.
LEANING IN TO 
STRATEGIC PRIORITIES
This year we evaluated all aspects of the 
business to improve our financial results, 
strategically redeploying resources to 
enable growth. We aggressively leaned 
in to our critical strategic priorities—
innovation, our go-to-market strategy, and 
operational efficiencies. 
Innovation helps brands stand out. In 
this highly competitive outdoor recreation 
marketplace, our focus on strong 
innovation cannot be more critical. We’re 
taking our approach to the next level by 
investing in key talent and technologies 
and strengthening our consumer-
centric innovation approach. Our focus 
remains on delivering the best outdoor 
experiences possible across all of our 
categories. 
Digital presence meets consumers 
where they are. The ever-evolving 
digital landscape requires us to do 
things differently to engage and stay in 
front of consumers. Our online presence 
provides touchpoints for consumers at 
every phase—product research, purchase, 
and post-purchase support. We’re 
Challenging marketplace conditions 
and competitive pressures resulted in 
lower sales and an operating loss for 
our 2024 fiscal year. Total company 
revenue fell 11 percent from fiscal 2023 
to $592.8 million. The total company 
operating loss was ($43.5 million) versus 
an operating profit of $11.7 million in the 
prior fiscal year.
Consumer demand for outdoor recreation 
products across our businesses remained 
soft, and we’re not seeing indicators that 
these conditions are going away anytime 
soon. At the same time, we believe the 
outdoor recreation marketplace is resilient 
and attractive over the long term and that 
our brands will be well-positioned once 
conditions start to even out. 
In Fishing, we were pleased to see solid 
trade support behind the Minn Kota® 
QUEST™ Series, featuring powerful, 
efficient and stealthy brushless trolling 
motor technology.
STRENGTH 
FOR THE FUTURE
IN A TOUGH MARKETPLACE, WE’RE EMBRACING CHANGE TO 
ACCELERATE GROWTH AND EMERGE STRONGER THAN EVER

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restructuring the way we go to market 
to enhance our capabilities, and we’re 
confident this will accelerate sales and 
profitability. 
Operational efficiency presents 
opportunities. Improving profitability and 
strengthening our business operations 
continue to be important focus areas. We 
worked hard to drive operational cost 
savings and redeployed resources against 
our strategic priorities. The savings 
efforts were masked by this year’s results, 
however, and we recognize there is more 
work to do.   
HIGHLIGHTING 
SUSTAINABILITY 
Since our founding in 1970, Johnson 
Outdoors has encouraged a sense of awe 
for the great outdoors and worked to 
inspire the preservation of our shared wild 
spaces. We consider it our responsibility 
to leave the world a better place and 
to accelerate our environmental efforts, 
Helen P. Johnson-Leipold 	
Chairman & Chief Executive Officer
L E T T E R  F R O M  T H E  C H A I R M A N
which build on three pillars: sustainable 
operations, sustainable products and 
sustainable communities.
This year we highlighted our efforts 
and results in our first “Sustainability 
in Action” overview, available on our 
website. And we’re pleased to note 
that the U.S. Chamber of Commerce 
selected the Clean Earth Challenge—a 
collaboration with the National Wildlife 
Federation—as a Best Community 
Improvement Program finalist. You 
can read more about our sustainability 
initiatives on page 9.
SHAPING TOMORROW’S 
ADVENTURES
Fiscal 2024 was tough, but we’ve been 
through tough times before. We’re 
committed to working hard to improve 
our financial performance while also 
investing in the strategic priorities that 
will position our brands for long-term 
growth.
It all starts with our people, our greatest 
asset. We continue to seek to be 
an engaging, inclusive workplace of 
choice. And we aim to create a future 
that benefits all stakeholders—from 
our people, customers, consumers and 
investors to the entire planet. We’re 
confident in our ability to make that 
happen, and we invite you to join us in 
the adventure.

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S U S TA I N A B I L I T Y
CHOOSE ACTION

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Our brands connect people 
with the outdoors, inspiring 
adventurers to pursue their 
passions while ensuring the 
natural spaces we treasure 
remain vibrant and accessible 
for generations to come.
Helen P. Johnson-Leipold
Chairman & Chief Executive Officer
S U S TA I N A B I L I T Y

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TRANSFORMING PASSION 
INTO STEWARDSHIP
JOHNSON OUTDOORS ENCOURAGES A SENSE OF AWE FOR THE 
GREAT OUTDOORS AND INSPIRES PRESERVATION OF OUR SHARED 
WILD SPACES. We continue to accelerate our environmental efforts, focusing 
on sustainable operations, products and packaging, and communities. To ensure 
progress, we’ve established a sustainability subcommittee that meets quarterly and 
reports to the Enterprise Risk Management Committee, and ultimately to our board 
of directors. 
This year we highlighted our efforts and results in our first “Sustainability in 
Action” overview, available on our website. And our commitment earned external 
recognition. Newsweek named us one of the Most Trustworthy Companies in 
America for the third consecutive year. The U.S. Chamber of Commerce selected 
the Clean Earth Challenge—a collaboration with the National Wildlife Federation—
as a Best Community Improvement Program finalist.
Our teams have reduced waste, saved energy and enhanced our communities, 
building on three pillars to continue the Johnson Outdoors legacy of stewardship. 
OUR SUSTAINABILITY 
FOCUS AREAS
SUSTAINABLE OPERATIONS
•	 Maximize recycling and minimize 
operational waste.
•	 Enhance energy efficiency and increase 
use of renewable electricity.
SUSTAINABLE PRODUCTS & 
PACKAGING
•	 Expand recyclable materials in 
packaging.
•	 Design products emphasizing quality 
and durability.
SUSTAINABLE COMMUNITIES
•	 Collaborate with individuals and groups 
on the Clean Earth Challenge through 
our brands and the National Wildlife 
Federation.
•	 Empower employees and customers to 
drive environmental improvements.

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PARTNERING FOR 
POWERFUL IMPACT
CLEAN EARTH CHALLENGE. 
Johnson Outdoors and the National 
Wildlife Federation launched the Clean 
Earth Challenge in 2022 to strengthen 
natural resources through high-impact 
cleanup events. Volunteers come from 
our brands as well as the community 
at large. Nearly 90% of our global 
locations have participated. And by 
September 2024, participants removed 
8.7 million pieces of trash – 700% above 
our original goal. Learn more at 
www.cleanearthchallenge.com.
HABITAT RESTORATION. 
The Minn Kota® and Humminbird® 
habitat restoration program with 
the Major League Fishing Fisheries 
Management Division focuses on 
enhancing aquatic ecosystems. The 
program has mobilized hundreds of 
volunteers to restore critical habitats, 
support fish population growth and 
promote sustainable recreational and 
commercial fishing.
S U S TA I N A B I L I T Y
EMPLOYEE SUSTAINABILITY 
CHALLENGE. In 2024 we encouraged 
Johnson Outdoors employees to execute 
on sustainable improvement ideas 
and submit their success stories. We 
received submissions from individuals and 
departments across the organization and 
will share details of winning initiatives in 
the months ahead.
As a family of brands, we’re committed to protecting 
our cherished outdoor spaces. We recognize that 
this requires collective action; just as we share the 
waters and the trails, we share the responsibility to 
conserve, protect and restore nature. Here’s a look at 
current partnerships. 

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CORAL REEF RESTORATION. 
Since 2018, SCUBAPRO® has 
supported MOTE Marine Laboratory & 
Aquarium’s ocean conservation efforts 
by donating critical equipment and 
offsetting operational expenses. The 
coral reef restoration program offers 
divers hands-on experience, educates 
them on science-based restoration, and 
enables coral fragment growth at 50x 
natural rates.

BUILD ON 
THE BEST

F I S H I N G

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90 YEARS ON THE WATER
Our electric trolling motor launched a new era in fishing 90 years ago. 
Minn Kota continues to push fishing technology, advancing functionality, 
durability and precision to deliver a better experience.

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MINN KOTA® IS FISHING
STARTING WITH OUR 1934 INTRODUCTION OF THE FIRST 
GEAR-DRIVEN ELECTRIC TROLLING MOTOR, MINN KOTA 
HAS CONTINUALLY REVOLUTIONIZED FISHING. Our latest 
innovation, the Ultrex™ QUEST™, boasts 30% longer runtime 
on a single charge and up to 50% greater torque than a 
brushed motor. Robust and powerful, the Ultrex QUEST 
helps anglers get out earlier, stay out later and fish in 
places others can’t.
“The Minn Kota Ultrex QUEST has been 
invaluable this year competing in the Elite 
Series,” says professional bass angler 
Chad Pipkens. “Being able to 
keep my trolling motor on 80-
90% during 15+ hour practice 
days while covering water…Being 
able to Spot-Lock® in 3+ foot waves 
and not having to worry about drifting…[These] are small 
details we take for granted, but I could not fish without.”
SHAPING THE FUTURE OF FISHING
For more than 13 years, Johnson Outdoors has 
enthusiastically supported growth in college and high 
school competitive fishing. Today collegiate events 
typically draw up to 250 boats from around the country, 
and high school events up to 300—and we’re right 
there for those young anglers. Our Minn Kota and 
Humminbird® teams participate in seminars on 
locating fish, pass out apparel, and offer discounts 
and awards to equip the next generation for success. 
Ultrex™ QUEST™ features a brushless design that stands 
up to the most challenging conditions.

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Apex® Series Chartplotters offer 
the clearest sonar and mapping on 
the sharpest display, with touchscreen 
or keypad control and exceptional 
readability, even in full sun.
MEGA 360 Imaging® sweeps up to 
125’ in every direction for a view of 
the water that’s constantly updating, 
putting the boat at the center and the 
angler on top.

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HUMMINBIRD® MAKES IT CLEAR
ANGLERS CAN FOCUS WHERE THE FISH ARE WITH CRYSTAL-CLEAR 
SONAR AND PRECISE CHARTING FROM HUMMINBIRD. We unlock even 
more capabilities with the One-Boat Network®—teaming up with Minn Kota® for 
products that innovate, integrate and communicate. Our networked technology 
can navigate a boat automatically, anchor and reposition effortlessly, and offer 
anglers greater control from anywhere in the boat. The result: more time for 
casting and better odds for catching.
Despite 20 mph winds and torrential downpours, angler David Mullis and 
his dog Scout were on Tennessee’s Pickwick Lake early on the last day of the 
Second Annual Minn Kota® and Humminbird® Owners Tournament. By 6 a.m., 
Mullis had pulled in what turned out to be the $50,000 prize winner, a 7.12 
pound largemouth bass.
“I knew it was a money fish, but I had no idea it was even a bass at first; my 
dog was barking and I was shaking,” Mullis said. “It was definitely one of those 
forever memorable moments.”
The tournament, held at Pickwick Landing State Park May 30 to June 1, 2024, 
attracted over 700 anglers from 26 states and Canada, with over $180,000 in 
cash and prizes. Mullis chose his spot after studying Humminbird Lakemaster® 
maps and won using the Minn Kota Terrova® trolling motor with Spot-Lock®. 
SECOND OWNERS TOURNAMENT A SUCCESS
Professional bass angler Kevin 
VanDam wrapped up his 34-year 
career in 2024 by giving away 
his boat. The VanDam Victory 
Lap Sweepstakes, offered by 
Humminbird and Minn Kota and 
supported by Bass Pro Shops, 
Nitro Boats, Lew’s, and Strike 
King, featured the boat KVD used 
throughout his last season on the 
Major League Fishing Bass Pro Tour. 
Derek D. of Alabama was the 
lucky winner, receiving a piece of 
bass fishing history fully rigged 
with the latest Minn Kota and 
Humminbird technology. The 
sweepstakes drew 83,458 entries 
from across the U.S. and Canada.
VANDAM VICTORY 
LAP SWEEPSTAKES 
IS A WINNER

DECLARE YOUR 
INDEPENDENCE

WAT E R C R A F T

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 The Sportsman Fire Tiger AutoPilot integrates Minn Kota® Spot-Lock® technology and the 
i-Pilot remote. In the bold colors of the legendary lure, it’s a standout choice 
for avid anglers. 
The Caper kayak features a fast, stable hull design that excels in ocean swells yet tracks well on 
flat water. Our limited-edition Old Glory Package adds patriotic flair. 

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OLD TOWN® SHOWS ITS COLORS
CRAFTSMANSHIP HAS BEEN OLD TOWN’S HALLMARK FOR MORE 
THAN A CENTURY, WITH CONTINUING INNOVATION IN CANOES 
AND KAYAKS. This year we took our vibrant heritage to new heights with 
two limited-edition, custom-color watercraft. 
The Old Town Ocean Kayak Caper Old Glory Package includes an easy-to-
maneuver kayak in spirited red, white and blue, plus life jacket and paddle. 
And the Old Town Sportsman Fire Tiger AutoPilot features the same chartreuse 
and orange colorway as the iconic fishing lure. 
Sportsman owners can also color-match their kayak crates thanks to our 
collaboration with YakAttack. Exclusive Old Town Sportsman BlackPak Pro crates 
come in ember, steel blue and marsh, with four rod holders and space for up to 
five 3700 series tackle boxes. 
The YakAttack BlackPak Pro 13”x16” crate features the Old Town logo, color-matches Old Town Sportsman 
kayaks and fits securely in the tankwell of all Sportsman models. 
The patented Old Town Sportsman BigWater 
ePDL+™ 132 power-assisted pedal drive 
continued to capture enthusiastic reviews 
this year from the likes of Sports Illustrated 
and Men’s Journal. Awards ranged across our 
watercraft line, including:
•	 Field & Stream, Best Kayaks for Beginners 
of 2024, Best Overall: Old Town Heron 9XT 
•	 Wired2fish, Best Pedal Kayaks of 2024, 
Best Hybrid Pedal Drive Kayak: Old Town 
Sportsman BigWater ePDL + 132 
•	 Gear Junkie, Best Overall Kayak: Old 
Town Loon 120; Best Budget Kayak: Old 
Town Ocean Kayak Malibu 9.5; Best Fishing 
Kayak: Old Town Sportsman BigWater 
ePDL + 132 
WINNING ATTENTION 
AND AWARDS

FUEL 
SOMETHING 
GREATER

C A M P I N G

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The Jetboil Flash [left, top] boils water 
lightning-quick, making it the fastest 
Jetboil ever. Know that the water’s ready 
with the thermochromatic color-change 
heat indicator.
The Jetboil Stash [left, bottom], at just 
7.1 oz, is our lightest and most compact 
stove—keeping adventurers eating well 
without weighing them down.
The Jetboil HalfGen [below] is the 
world’s first modular, expandable 
basecamp cooking system, suitable for 
standalone use or daisy-chained with 
other JetLink-compatible stoves. 
JETBOIL® SPARKS CONNECTIONS
THIS YEAR’S “FUEL SOMETHING GREATER” ADVERTISING CAMPAIGN 
SHOWED HOW JETBOIL SHAPES ADVENTURES FOR CAMPERS, HIKERS AND 
BACKPACKERS. Our 220,000 Instagram and 69,000 Facebook followers joined in 
with stories of using Jetboil outdoor cooking systems to savor the possibilities—and 
see the world open up.  
One especially compelling story came from the adventure duo known as Bound For 
Nowhere. In a first-of-its-kind partnership, 
Jetboil sponsored the couple’s short film, 
“Press On: A High Sierra Trail Story,” 
then worked with them to design a 
limited-edition Bound For Nowhere Flash 
Cooking System—inspiring even more 
epic adventures. 
Awards for Jetboil this year came from 
around the world.
•	 Forbes Vetted, 2024 Best Products 
Award, Best Single-Burner Camp Stove: 
Jetboil HalfGen
•	 National Geographic, The Best 
Camping Gear, Our Favorite Camping 
Stove: Jetboil Flash
•	 The Great Outdoors (UK), The Best 
Camping Stoves for 2024: Jetboil Stash
PRODUCTS IGNITE 
ACCOLADES


D I V I N G
SEIZE YOUR 
MOMENT


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SCUBAPRO® INSPIRES EXPLORERS
OUR PASSION IS TO CONNECT DIVERS WITH THE GEAR, THE EXPERTISE 
AND THE COMMUNITY TO ELEVATE THEIR EXPERIENCE. This year’s “Seize 
Your Moment” advertising campaign engaged younger divers to further both their 
passion for diving and their trust in SCUBAPRO. Our 349,000 Instagram, 200,000 
Facebook and 14,000-plus YouTube followers connected with stunning visuals as 
well as details on our technology and products.
A supporting “Dive Into Color” campaign emphasized the ability to customize 
SCUBAPRO gear in popular colors. With a sweepstakes that garnered thousands 
of online interactions, this campaign demonstrated SCUBAPRO’s can’t-miss role in 
shaping diving adventures.
DIVE INTO 
COLOR

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P E R F O R M A N C E  &  L E A D E R S H I P
LEAD INTO 
TOMORROW

•	 A DEBT-FREE BALANCE SHEET gives us a strong competitive advantage, 
enabling us to invest in mission-critical strategic priorities. 
•	 IMPROVING INVENTORY MANAGEMENT brought our September 2024 
balance to $209.8 million, down about $51.7 million from last year’s fourth 
quarter, enabling us to generate positive cash flow from operations. 
•	 SHAREHOLDER DIVIDENDS CONTINUE, and we remain confident in our 
ability and plans to create long-term value.
F Y2024 HIGHLIGHTS
•	CAMPING revenue decreased 17 percent 
due to declines in demand and from 
revenue of Military and Commercial Tents, 
which were previously divested. 
•	WATERCRAFT sales were down 
29 percent as demand decreased. 
Total company operating loss was 
($43.5 million) in fiscal 2024, versus 
operating profit of $11.7 million in the 
prior fiscal year. Gross margin decreased 
to 33.9 percent from 36.8 percent. Cost 
savings initiatives were more than offset by 
unfavorable absorption of fixed overhead 
costs driven by lower sales volumes and a 
shift toward lower-margin products. 
Operating expenses increased from the 
prior year by $12.2 million due primarily to 
a non-cash goodwill impairment charge of 
$11.2 million, increased bad debt reserves of 
$2.5 million, and increased severance costs 
of $1.5 million. These increases were partially 
Marketplace and competitive challenges 
resulted in lower sales and an operating 
loss for our 2024 fiscal year. Total 
company revenue fell 11 percent to 
$592.8 million versus fiscal 2023 revenue 
of $663.8 million. 
•	FISHING revenue decreased 8 percent 
due to market and competitive dynamics. 
•	 DIVING sales were down 13 percent, 
driven by softening global demand. 
FOCUSING
ON BUILDING A STRONG FOUNDATION
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OPERATING RESULTS*
2022
2023
2024
Net sales
$ 743,355
$ 663,844
$ 592,846
Gross profit
271,332
244,087
200,980
Operating profit
66,310
11,740
(43,522)
Net income 
44,491
19,534
(26,533)
Diluted earnings per common share
$4.37
$1.90
$(2.60)
Diluted average common shares outstanding
10,151
10,195
10,221
CAPITALIZATION
2023
2023
2024
Total debt
—
—
—
Shareholders’ equity
488,014
499,737
463,424
Total debt to total capital
0%
0%
0%
* $ Thousands, except per-share amount
Helen P. Johnson-Leipold 	
Chairman & Chief Executive Officer	
 
David W. Johnson 
Vice President & Chief Financial Officer
M A N AG E M E N T  P E R S P E C T I V E
offset by lower incentive compensation and 
professional services expenses. 
Loss before income taxes was ($29.9 
million) in fiscal 2024, compared to profit 
of $25.8 million in fiscal 2023. Other 
income decreased slightly from $9.7 
million in the prior year to $9.0 million in 
the current year. 
Net loss for the fiscal year fell to ($26.5 
million), or ($2.60) per diluted share, 
versus net income of $19.5 million, or 
$1.90 per diluted share, in fiscal 2023. 
The effective tax rate was 11.1 percent 
compared to the previous fiscal year’s 
rate of 24.4 percent.
Throughout 2024, we focused resources 
on our strategic priorities and worked 
hard to drive operational cost savings. 
Looking forward, we will continue to 
strategically manage our cost structure 
while protecting investments to 
strengthen the business.
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Diving
Diving sales were down 13 percent, driven by 
softening market demand across all geographic 
regions. 
With more than 60 years as the world’s most 
trusted dive brand, SCUBAPRO® invites longtime 
adventurers as well as the next generation of 
divers to explore the wonders of the waters 
below. This year’s “Seize Your Moment” 
campaign engaged younger divers to further 
both their passion for diving and their trust in 
SCUBAPRO. A supporting “Dive Into Color” 
campaign emphasized the ability to customize 
SCUBAPRO blades, fins, masks, snorkels and 
more in vibrant, eye-catching colors. 
$73.6 M
FY2024 NET SALES
Fishing
In Fishing, due to a tough marine market and 
competitive dynamics, revenue decreased 8 percent. 
As industry leaders, we focus on innovation that 
sets us apart. This year Minn Kota® celebrated its 
90th anniversary with continued recognition for 
the QUEST™ Series, featuring powerful, efficient 
and stealthy brushless trolling motor technology. 
Ongoing improvements unlocked further 
capabilities through the One-Boat Network®—
teaming Humminbird® and Minn Kota products 
that innovate, integrate and communicate. And we 
strengthened connections with consumers through 
the Second Annual Minn Kota and Humminbird 
Owners Tournament, which drew more than 700 
anglers from 26 states and Canada, with over 
$180,000 in cash and prizes.
$452.3 M 
FY2024 NET SALES
BUSINESS PERFORMANCE 
FY2024

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Watercraft
Watercraft sales were down 29 percent due to 
decreased demand in the watercraft market.
The revolutionary Old Town® Sportsman 
BigWater ePDL+™ 132 e-pedal fishing kayak 
continued to capture enthusiastic reviews and 
awards. Like all kayaks in the Sportsman line, 
the BigWater ePDL offers plenty of comfort 
and customizable features. This year Old Town 
also offered two limited-edition, custom-color 
watercraft—the Old Town Ocean Kayak Caper 
Old Glory Package in red, white and blue, and 
the Old Town Sportsman Fire Tiger AutoPilot 
in the same chartreuse and orange colorway as 
the iconic fishing lure. Sportsman owners can 
also color-match their kayak crates thanks to our 
collaboration with YakAttack. 
$28.8 M
FY2024 NET SALES
Camping
Camping revenue decreased 17 percent due to 
decline in market demand as well as the prior 
year’s sale of the Military and Commercial Tents 
product lines.
We continued our focus on award-winning 
Jetboil® personal cooking systems, including the 
Jetboil Flash, Jetboil Stash and Jetboil Half Gen. 
Their lightning-quick boil times and light weight 
inspire campers, hikers and backpackers at all 
levels, as seen in this year’s “Fuel Something 
Greater” campaign. Jetboil created new 
opportunities with a first-of-its kind partnership 
with the adventure duo known as Bound For 
Nowhere, sponsoring their short film and working 
with the couple to design a limited-edition Flash 
cooking system.
$37.8 M
FY2024 NET SALES
Minn Kota® | Fishing Motors
Minn Kota® | Shallow Water Anchors
Humminbird® | Fish Finders
Humminbird® | Digital Maps
Cannon® | Downriggers
Jetboil® | Personal Cooking Systems
Old Town® | Canoes & Kayaks
Old Town® | Fishing Craft
SCUBAPRO® | Diving Gear
SCUBAPRO® | Regulators & Computers
OUTSTANDING BR ANDS
J O U T- N A S DAQ

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

E X E C U T I V E  T E A M
Helen P. Johnson-Leipold
Chairman & CEO
David W. Johnson
Vice President & CFO
Graham Webb
Vice President, 
Camping & Watercraft
Terry Troutman
Chief Supply Chain/
Operations Officer
Khalaf M. Khalaf
Chief Legal Officer & 
Corporate Secretary
Scott Heise
Chief Technology Officer
Ravi Voruganti
Chief Engineering/R&D 
Officer
Patricia Penman
Chief Marketing Services 
& Global Communications 
Officer
Joe Stella
Group Vice President, 
Global Diving
Sara Vidian
Chief Human Resources 
Officer
  JOUT-NASDAQ  |  2024  Annual Report  |  37

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 serves as treasurer for the 
Association of National Advertisers (ANA). He currently chairs the board of directors of The Partnership, Inc.
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.
Katherine 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.  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.
OUR BOARD OF DIRECTORS OFFERS 
VITAL BUSINESS ACUMEN AND EXPERIENCE
GOVERNANCE
38  |  JOUT-NASDAQ  |  2024 Annual Report

Richard “Casey” Sheahan, former 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 Scoot, Inc. (formerly Preciate, Inc.), an enterprise virtual 
communication 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, and a board member of Cellucomp, a sustainable materials and manufacturing company.
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.
Jeffrey M. Stutz, chief financial officer at MillerKnoll, Inc., was a key architect of the transformative merger 
of Herman Miller with Knoll Furniture. He joined the company in 2001 as manager of financial reporting and 
later served in a variety of finance leadership roles, including vice president of investor relations, treasurer and 
chief accounting officer. Prior to joining MillerKnoll (formerly known as Herman Miller, Inc.) in 2001, he worked 
at Donnelly Corporation, a publicly traded automotive supplier based in Holland, Michigan, where he held 
roles in financial operations and corporate accounting. He brings extensive experience in finance, accounting, 
M&A and capital markets.
B OA R D  O F  D I R E C T O R S
Liliann “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.
  JOUT-NASDAQ  |  2024  Annual Report  |  39

40  |  JOUT-NASDAQ  |  2024 Annual Report
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 
2023 Form 10-K for a discussion of uncertainties and risks associated with these statements.
Corporate Secretary
Johnson Outdoors Inc. • 555 Main Street 
Racine, WI USA • 53403-1015
For more information, contact: 
Johnson Outdoors Inc.
Patricia Penman
Chief Marketing Services & 
Global Communications Officer
262-631-6600
patricia.penman@johnsonoutdoors.com
To contact the Board of Directors, visit:
https://www.johnsonoutdoors.com/contact-us
www.JohnsonOutdoors.com
© 2024 Johnson Outdoors Inc.
Publisher: Patricia Penman
Chief Marketing Services & 
Global Communications Officer
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 

Printed on recycled paper

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