Johnson Outdoors Inc. (NASDAQ:JOUT) Q4 2022 Earnings Conference Call December 9, 2022 11:00 AM ET
Company Participants
Patricia Penman - Vice President of Marketing Services and Global Communication
Helen Johnson-Leipold - Chairman and Chief Executive Officer
David Johnson - Vice President and Chief Financial Officer
Conference Call Participants
Anthony Lebiedzinski - Sidoti & Company, LLC
Operator
Hello, everyone, and welcome to the Johnson Outdoors Fourth Quarter 2022 Earnings Conference Call. Today's call will be led by Helen Johnson-Leipold, Johnson Outdoors' Chairman and Chief Executive Officer. Also, on the call is David Johnson, Vice President and Chief Financial Officer.
Prior to the question-and-answer session, all participants will placed -- will be placed in a listen-only mode. After the prepared remarks, the question-and-answer session will begin. [Operator Instructions] This call is being recorded. Your participation implies consent to our recording this call. If you do not disagree with these terms, simply drop off the line.
I would now like to turn the call over to Pat Penman from Johnson Outdoors. Please go ahead, Ms. Penman.
Patricia Penman
Thank you. Good morning, everyone. Thank you for joining us for our discussion of Johnson Outdoors results for the 2022 fiscal fourth quarter. If you need a copy of today's news release, it is available on our Web site at johnsonoutdoors.com under Investor Relations.
I also need to remind you that this conference call may contain forward-looking statements. These statements are made on the basis of our current views and assumptions and are not guarantees of future performance. Actual events may differ materially from those statements due to a number of factors, many beyond Johnson Outdoors' control. These risks and uncertainties include those listed in our press release and filings with the Securities and Exchange Commission. If you have additional questions following the call, please contact Dave Johnson or myself.
It is now my pleasure to turn the call over to Helen Johnson-Leipold.
Helen Johnson-Leipold
Thanks, Pat. Good morning. I'll begin with an overview on the fiscal year results, and then I'll share perspective on the performance and outlook for our business. Dave will review financial highlights, and then we'll take your questions. In fiscal 2022, total company sales declined 1% and to $743.4 million compared to the prior record setting fiscal year.
Net income for the year was $44.5 million or $4.37 per diluted share, a 47% decline from the prior fiscal year. Operating profit decreased 40% to $66.3 million versus $111.3 million in prior fiscal year with the challenging supply chain situation, primarily in our Fishing business, significantly impacting our profitability.