Johnson Outdoors (NASDAQ: JOUT) stock soared more than 15% in morning trading on Friday after the outdoor recreation equipment company posted strong fiscal Q4 results.
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JOUT posted net sales of $196.4 million in Q4, up 18% year-over-year. Earnings came in at $0.95 per share in Q4 versus $0.68 in the same period last year.
This EPS was more than double the Street estimates of $0.37 per share.
Moreover, JOUT also announced a quarterly cash dividend of $0.31 per Class A share and $0.2818 for each Class B share. The cash dividend is payable on January 26, 2023, to shareholders of record at the close of business on January 12.
JOUT stock has declined by more than 40% in the past year.