Johnson Outdoors Inc. (NASDAQ:JOUT) Q4 2019 Earnings Conference Call - Final Transcript

Dec 06, 2019 • 11:00 am ET


Johnson Outdoors Inc. (NASDAQ:JOUT) Q4 2019 Earnings Conference Call - Final Transcript


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Helen Johnson-Leipold

help anglers catch more fish.

Humminbird had a great year, driven primarily by continued demand and excitement for our MEGA Imaging, particularly our HELIX fish finder series, our state-of-the-art MEGA sonar imaging gives anglers deep and clear underwater views, in addition for small and mid-sized HELIX series open the door on this technology to an even larger group of fishing consumers.

For some anglers fishing is an all weather sport, which bodes well for our Humminbird brand, which is also a leader in ice fishing technology. Our new ICE HELIX with Dual Spectrum CHIRP sonar allows ice anglers to quickly map the terrain of remote or unmapped lakes and more easily locate productive fishing holes. And the all new ICE HELIX won the Best of Ice Fishing award at ICAST earlier this year. Also launched at ICAST, our latest innovation MEGA 360 Imaging, and it's the only sonar option that provides a high resolution 360 degree view with unmatched detail and coverage. Before MEGA 360, anglers have to move their boat over a spot to know what was underwater. But with MEGA 360, they can make every cast count by targeting directly in front of the boat.

We're always looking for new ways that our products can seamlessly integrate and communicate. MEGA 360 Imaging, together with Minn Kota Spot-Lock technology, allows anglers to have effortless command of their boats and view under the water. We will continue to invest in building upon our strengths, our knowledge of fishing and fishing consumers, coupled with our technical know-how to sustain Minn Kota and Humminbird as key profitable growth engines for Johnson Outdoors.

A deep understanding of what consumers want in camping experience has also been critical to our Camping Business. Camping is an all-important gateway marketplace that touches more outdoor recreation consumers than any other. Importantly, participation in Camping is strong and growing among the next generation, setting the stage for new innovations tailored to their needs and expectations. Jetboil, the technology leader in portable outdoor cooking systems continues to grow, giving us a strong position with the new emerging group of tech savvy outdoor enthusiasts. Looking ahead, we will continue to invest in consumer insight driven innovation in enhanced digital marketing and e-commerce to engage even more with our target Camping consumer. There is real opportunity for growth in this space long-term.

Our Watercraft Rec business continues to face challenging marketplace dynamics. That's why our focus is on investing in innovation and technology to position our brands for success in the future. The fishing kayak segment continues to grow and we're sustaining and we're gaining share in this segment with innovation like Old Town Topwater pedal-powered fishing kayak. The Topwater offers the most advanced pedal-powered propulsion ever designed for anglers. It's precise, pedal-controlled, steering and agility both forward and in reverse allows the angler to keep their hands free to reeling the fish. More work and more time are necessary to strengthen innovation and capitalize on opportunities for long-term growth of