JOUT · CIK 0000788329
What Johnson Outdoors Inc. told the SEC could break it.
Johnson Outdoors' disclosures combine customer concentration with international supply exposure. Combined sales to a single customer across its Fishing, Camping and Watercraft segments were about $119.5 million of consolidated revenue in fiscal 2025 (up from prior years), so losing that customer would materially hurt results. It manufactures at facilities in Batam, Indonesia and Mexicali, Mexico and sources products like flotation devices and paddles from third parties in Asia, exposing it to international economic and political instability and supply-chain risk. That footprint also makes tariffs a direct cost issue — US and global tariff frameworks have raised its production costs and added supply-chain risk, with more changes possible.
3 self-disclosed vulnerabilities, pulled from its own filings — each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Customer concentration
- one customer ~$119.5M of consolidated revenuemedium
Combined sales to a single customer of Johnson Outdoors' Fishing, Camping and Watercraft segments were ~$119.5M of consolidated revenue in fiscal 2025 (up from $113.5M and $101.4M), a large concentration whose loss would materially affect results.
“During the years ended October 3, 2025, September 27, 2024, and September 29, 2023, combined sales to one customer of the Company's Fishing, Camping and Watercraft Recreation segments represented approximately $ 119,540 , $ 113,509 , and $ 101,392 respectively, of the Company's consolidated revenues.”
SEC filing →As of 2025
Geographic concentration
- international manufacturing in Indonesia/Mexico and third-party Asia sourcingmedium
Johnson Outdoors manufactures at facilities in Batam, Indonesia and Mexicali, Mexico and relies on third-party sources in Asia (e.g., personal flotation devices, paddles), exposing it to international economic/political instability, trade and supply-chain risks.
“Accessory brands, including Carlisle branded paddles, are produced primarily by third party sources located in North America and Asia. The company's personal flotation devices are manufactured by third party sources located in Asia and are sold under the Old Town brand.”
SEC filing →As of 2025
Regulatory & policy
- tariffs raising production costs and adding supply-chain riskmedium
U.S. and global tariff frameworks have increased Johnson Outdoors' cost of producing goods and added supply-chain risk, with more tariff changes possible and mitigation strategies only partially effective.
“U.S. domestic and global tariff frameworks have increased our costs of producing goods and resulted in additional risks to our supply chain. More tariff changes are also possible.”
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