Welcome to our dedicated page for American Outdoor Brands news (Ticker: AOUT), a resource for investors and traders seeking the latest updates and insights on American Outdoor Brands stock.
American Outdoor Brands, Inc. (NASDAQ: AOUT) is a leading provider of outdoor products and accessories for rugged outdoor enthusiasts. The company, known for its innovative and high-quality products, serves markets including hunting, fishing, camping, shooting, outdoor cooking, personal security, and defense. AOUT operates a diverse portfolio with over 18 respected consumer brands such as BOG, BUBBA, Caldwell, Crimson Trace, Frankford Arsenal, Grilla Grills, Hooyman, Imperial, LaserLyte, Lockdown, MEAT!, Old Timer, Schrade, Tipton, Uncle Henry, ust, and Wheeler.
Founded in 1852, originally under the Smith & Wesson brand, American Outdoor Brands has strategically expanded through acquisitions and organic growth. This has enabled the company to cater to the substantial outdoor lifestyle products market. AOUT emphasizes innovation through its Dock & Unlock™ process, driving new product development across its extensive brand portfolio.
Recent financial results for the second quarter of fiscal 2024 indicate net sales of $57.9 million, a 6.4% increase compared to the same period last year. Traditional channel sales grew by 8.7%, while e-commerce sales rose by 3.3%. The company's gross margin was 45.7%. Despite a challenging market, AOUT maintains a strong financial position with zero debt and a cash balance of $8.4 million at the end of the quarter.
Key updates include successful settlements in patent infringement cases, highlighting AOUT’s commitment to protecting its intellectual property. The company also announced leadership changes, with Brent Vulgamott appointed as Chief Operating Officer and James Tayon named Chief Product Officer, reinforcing its strategic focus on operational efficiency and product innovation.
American Outdoor Brands plans to release its third quarter fiscal 2024 financial results on March 7, 2024, continuing its tradition of transparency and stakeholder engagement. The company's strategic outlook anticipates net sales for fiscal 2024 to exceed those of fiscal 2023 by up to 3.5%, driven by positive long-term consumer trends in outdoor activities.
American Outdoor Brands (NASDAQ: AOUT) has announced an agreement to acquire Grilla Grills for $27 million in cash, approximately $24 million net of future tax benefits. This acquisition allows American Outdoor Brands to enter the $7 billion U.S. barbecue grill market. Grilla has shown impressive growth, with net sales surpassing $15 million and a 161% increase over the past two years. The transaction is expected to enhance American Outdoor Brands' outdoor lifestyle product category and is expected to close shortly, funded through cash and an increased credit line.
American Outdoor Brands, Inc. (NASDAQ: AOUT) announced the release of its third quarter fiscal 2022 financial results on March 10, 2022, after market close. A subsequent conference call, featuring CEO Brian Murphy and CFO Andy Fulmer, will take place on the same day at 5:00 p.m. ET. Investors can access the call via telephone or through a live audio webcast on the company's investor relations webpage. For more details, visit www.aob.com.
American Outdoor Brands (AOUT) reported second quarter fiscal 2022 net sales of $70.8 million, down from $79.1 million in the previous year. E-commerce sales surged by 228.9% over two years, offsetting a decline in traditional channels. Net income fell to $4.6 million (or $0.32 per diluted share) from $7.3 million (or $0.52) last year. Adjusted EBITDAS decreased to $11.7 million, reflecting supply chain challenges. The company maintains a strong balance sheet with nearly $100 million in available capital and a newly authorized $15 million share repurchase program.
American Outdoor Brands, Inc. (NASDAQ: AOUT) announced a share repurchase program approved by its Board of Directors, allowing for the repurchase of up to $15 million of outstanding common stock through December 2023. This initiative reflects the Board's confidence in the company's financial health, supported by a strong balance sheet, positive cash flow, and growing revenue. The program is effective immediately, providing flexibility in terms of timing and amount of shares repurchased, stressing a commitment to enhancing shareholder value.
American Outdoor Brands, Inc. (NASDAQ: AOUT) is set to release its second quarter fiscal 2022 financial results on December 9, 2021, after market close. A conference call will follow at 5:00 p.m. ET, featuring CEO Brian Murphy and CFO Andy Fulmer. The results will be available on the company’s website. American Outdoor Brands specializes in outdoor products for enthusiasts, including various accessories and brands.
American Outdoor Brands, Inc. (AOUT) reported a strong first quarter for fiscal 2022, achieving net sales of $60.8 million, a 20.4% increase year-over-year and 82.9% compared to Q1 fiscal 2020. Net income rose to $3.5 million or $0.24 per diluted share, up from $1.8 million or $0.13 a year prior. The company reaffirmed its fiscal 2022 guidance, anticipating net sales growth of approximately 4% from fiscal 2021 and 72% from fiscal 2020. With cash reserves of $56.3 million and no debt, the company is well-positioned for future growth.
American Outdoor Brands (AOUT) announced participation in two virtual investor conferences. The first is the CL King's 19th Annual Best Ideas 2021 Virtual Conference on September 14, 2021, starting at 10:15 a.m. ET, featuring a fireside chat and one-on-one meetings. Investors can access the webcast via their investor relations website. The second event is the Lake Street's 5th Annual Best Ideas Growth Conference on September 15, 2021, where one-on-one meetings will be scheduled. American Outdoor Brands specializes in outdoor products and accessories.
American Outdoor Brands (NASDAQ: AOUT) is set to release its Q1 fiscal 2022 financial results on September 9, 2021, after market closure. The details will be available on their website, along with a conference call featuring CEO Brian Murphy and CFO Andy Fulmer at 5:00 PM ET. This event will discuss financial and operational results, and may include forward-looking statements.
American Outdoor Brands, Inc. (NASDAQ: AOUT) reported strong financial results for Q4 and FY 2021, ending April 30, 2021. Q4 net sales reached $64.5 million, up 49.6% from the previous year. Net income for the quarter was $1.2 million or $0.09 per share, a significant recovery from a net loss of $90.7 million. For the full year, net sales increased 65.3% to $276.7 million, with net income of $18.4 million. Adjusted EBITDAS rose to $47.3 million, indicating robust growth. The company anticipates FY 2022 net sales between $280 million and $295 million.
American Outdoor Brands, Inc. (NASDAQ GS: AOUT) plans to release its fourth quarter and full year fiscal 2021 financial results on July 15, 2021, after market close. A conference call and webcast will follow at 5:00 p.m. Eastern Time to discuss the results, featuring CEO Brian Murphy and CFO Andy Fulmer. Interested parties can access the call via telephone or through the company website. The announcement highlights the company's commitment to keeping investors informed with timely updates.
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