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JOHNSON WORLDWIDE ASSOCIATES REPORTS SECOND QUARTER RESULTS

 RACINE, Wis., April 22 /PRNewswire/ -- Johnson Worldwide Associates, Inc. (NASDAQ: JWAIA) today reported results for the second quarter ended April 2, 1993. Sales declined 4 percent to $101.8 million, compared to second quarter sales of $105.8 million a year ago. Net income was $7.0 million and earnings per share were $.87, as compared to net income of $7.8 million and earnings per share of $.98 in the prior year's quarter.
 For the six months ended April 2, 1993, sales were $163.7 million, a decrease of 2 percent from $166.3 million in the year ago period. Net income was $6.0 million and earnings per share were $.75, as compared to net income of $7.0 million and earnings per share of $.87 in the comparable year earlier period.
 Terence S. Malone, chairman and chief executive officer, said, "Our second quarter results were mixed when compared to the strong second quarter performance in 1992. Sales and profits of fishing and camping products were lower, as unseasonable weather hurt sales and delayed the retailers' changeover from winter products and fishing equipment. However, it is encouraging to note that early indicators show market share gains from the successful launch of our new line of electric trolling motors and that the camping season, although off to a slower start than normal, may improve in the third quarter. Sales of diving products increased slightly in the quarter, with strong profit gains in the U.S. and European businesses reduced by the weaker operating results in Japan. Marine sales decreased 7 percent in the quarter, reflecting continued weakness in the boating industry, but profits were only down slightly as the company implemented cost reduction efforts. Sales of marking systems products increased 6 percent in the quarter, reflecting strong ink jet head sales to OEMs."
 John D. Crabb, president and chief operating officer, said, "Management actions to reposition JWA to be leaner and more focused are continuing. These include closure of the Oxnard, Calif., hand stamp factory, transfer of Canadian Diving operations to the JWA distribution facility in Ontario, Canada, disposition of the Hydro Rubber operation, a change in the distribution of bar coding systems, and several senior management changes within our operating companies. Further management actions and other changes in the process of repositioning JWA are likely to occur throughout the upcoming quarters."
 Johnson Worldwide Associates, Inc. is engaged in the manufacture and marketing of recreational products as well as marking system products for industrial and commercial applications.
 JOHNSON WORLDWIDE ASSOCIATES, INC. AND SUBSIDIARIES
 Summaries of Consolidated Income - Unaudited
 (in thousands, except per share amounts)
 Three Months Ended Six Months Ended
 4/2/93 3/27/92 4/2/93 3/27/92
 Net sales $101,771 105,795 163,738 166,275
 Gross profit 44,425 47,288 70,587 72,254
 Operating profit 14,678 17,277 16,105 18,987
 Interest expense 2,232 2,811 4,201 5,057
 Other expenses, net 896 1,009 1,688 1,654
 Income before
 income taxes 11,550 13,457 10,216 12,276
 Income tax expense 4,591 5,619 4,239 5,323
 Net Income 6,959 7,838 5,977 6,953
 - per common share .87 .98 .75 .87
 Average shares
 outstanding 8,012 8,025 7,964 7,957
 -0- 04/22/93
 /CONTACT: John G. Cahill, vice president and chief financial officer of Johnson Worldwide Associates, 414-631-2994/
 (JWAIA)


CO: Johnson Worldwide Associates, Inc. ST: Wisconsin IN: SU: ERN

AH -- NY136 -- 9735 04/22/93 16:48 EDT
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Date:Apr 22, 1993
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