Top-Line Growth
Second-quarter revenue grew 15.5% year-over-year, with all business segments contributing. Year-to-date net sales increased 21.5% versus the prior fiscal six-month period.
Improved Profitability and Margins
Gross margin for the second quarter improved to 38.8%, up 3.8 percentage points versus the prior-year quarter; year-to-date gross margin is 37.9%, up 4.9 points. Profit before income taxes increased to $10.2 million from $4.2 million in the prior-year quarter (approximately +143%).
Strong Fishing Segment Performance
Fishing delivered robust results driven by strong unit-volume growth, pricing actions and demand for key products (Humminbird Explorer Series and MEGA Live 2 fish finders; Minn Kota trolling motors), reinforcing competitive position and momentum.
Digital, E-commerce and Product Innovation Momentum
E-commerce expansion supported growth in Camping & Watercraft and Diving; Jetboil launched TrailCook to broaden product reach and SCUBAPRO showed increased digital engagement and global sales growth—management is investing in digital and consumer-driven innovation.
Balance Sheet Strength and Capital Policy
Company remains debt-free, paid a meaningful dividend with Board approval in February, and ended the quarter with inventory of $186.9 million (up $6.8 million year-over-year, ≈+3.8%) as it prepared for the selling season.
Cost-Savings Program Driving Efficiency
Strategic cost-savings and higher overhead absorption from increased volumes materially supported margin expansion and improved operating income.