The following is a summary of the American Outdoor Brands, Inc. (AOUT) Q3 2024 Earnings Call Transcript:
Financial Performance:
American Outdoor Brands reported a 5% growth in net sales at $53.4 million for Q3.
Growth was seen in both Outdoor Lifestyle (3%) and Shooting Sports (8%) sectors.
The company concluded Q3 with $15.9 million in cash with no outstanding debt.
Executed a repurchase of approximately $1.8 million of its common stock.
Adjusted EBITDAS for the quarter was reported at $2.4 million, a decrease from $3.3 million in the previous year.
Business Progress:
Sales growth was realized through disciplined capital management and the successful launch of important new products.
The acquisition of Grilla Grills in 2022 helped push up sales by over 23% for Q3 compared to pre-pandemic levels of 2020.
E-commerce experienced a growth of 1.6% and traditional net sales rose by 8.1% compared to Q3 of the previous year.
New products were introduced under the Caldwell, Grilla, and Hooyman brands.
The company attended the SHOT show in January providing increased exposure to retailers.
There are projections of up to 3.5% growth in net sales for the fiscal year 2024.
Innovation led to a 5-year growth plan for new products.
Expansion plans include potential acquisition based on consumer insights.
Noteworthy product replenishment has been observed and new product releases are planned for April.
The company will be participating in the ROTH Conference in California in March.
More details: American Outdoor Brands IR
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