Company: JOUT
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001140361-25-028318
Chunk: 37

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 37
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 $0.16 per diluted common class A and B share, for the third quarter of the prior fiscal year.

Net loss for the nine months ended June 27, 2025 was $5,244, or $0.52 per diluted common class A and B share, compared to net income of $7,733, or $0.75 per diluted common class A and B share, for the third quarter of the prior fiscal year.

Liquidity and Financial Condition

Cash and cash equivalents and short term investments totaled $161,022 as of June 27, 2025, compared to $148,369 as of June 28, 2024.  The Company’s debt to total capitalization ratio was 0% as of June 27, 2025 and June 28, 2024.  The Company’s total debt balance was $0 as of each of June 27, 2025 and June 28, 2024.  See “Note 11 – Indebtedness” in the notes to the Company’s accompanying condensed consolidated financial statements for further discussion.

Accounts receivable, net of allowance for credit losses, were $81,993 as of June 27, 2025, an increase of $2,400 compared to $79,593 as of June 28, 2024.  The increase is consistent with the increased sales volumes over the prior year quarter.  Inventories were $163,732 as of June 27, 2025, a decrease of $59,428, compared to $223,160 as of June 28, 2024.  The decrease is consistent with the Company's ongoing efforts to reduce inventory balances.  Accounts payable were $43,478 at June 27, 2025 compared to $43,153 as of June 28, 2024.

The Company’s cash flows from operating, investing and financing activities, as presented in the Company’s accompanying Condensed Consolidated Statements of Cash Flows, are summarized in the following table:

 Nine months ended(thousands)June 27,2025June 28,2024Cash provided by (used for):  Operating activities$32,810 $21,899 Investing activities(10,002)3,225 Financing activities(10,142)(10,136)Effect of foreign currency rate changes on cash527 (19)Increase in cash and cash equivalents$13,193 $14,969