- Johnson Outdoors Inc (NASDAQ:JOUT) reported fourth-quarter FY22 sales growth of 18% year-on-year to $196.39 million, beating the consensus of $168.57 million.
- EPS of $0.95 beat the analyst consensus of $0.37.
- Gross margin contracted 620 basis points Y/Y to 34.9%, primarily due to increased material costs and inventory reserves.
- Operating expenses rose 1% Y/Y to $55.3 million. The operating margin was 6.8%, and operating income for the quarter fell 2% to $13.3 million.
- The company held $129.8 million in cash and equivalents as of September 30, 2022.
- “While we have seen improvement in the supply chain for raw materials and purchased components, we do expect some supply chain constraints to periodically occur during fiscal 2023 and for our margins to continue to be impacted by inflationary pricing conditions,” said CFO David W. Johnson.
- Price Action: JOUT shares closed higher by 1.39% at $57.44 on Thursday.
Reported Late Tuesday April 4, Electra Battery Materials Reports Q4 And Year-End 2022 Results And Provides Update On Cobalt Refinery Project And Black Mass Recycling Trial; Q4 EPS CDN$0.31 Vs $(0.55) YoY; Q4 Revenue CDN$11.9M
ELECTRA Q4 2022 HIGHLIGHTS AND DEVELOPMENTS
Net income for the period was $10.3 million or $0.31 per share. These compare to a net loss of $15.5 million or $0.55 per
