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Thursday, December 7, 2017

=American Outdoor Brands (AOBC) reported earnings on Thur 7 Dec 17 (a/h)



American Outdoor Brands beats by $0.03, beats on revs; guides Q3 EPS below consensus, revs below consensus; lowers FY18 EPS below consensus, lowers revs below consensus  
  • Reports Q2 (Oct) earnings of $0.11 per share, $0.03 better than the Capital IQ Consensus of $0.08; revenues fell 36.5% year/year to $148.4 mln vs the $142.1 mln Capital IQ Consensus.
    • During the second quarter, the company completed the purchase of substantially all of the assets of Gemini Technologies, Incorporated, a provider of high quality suppressors and accessories for the consumer, law enforcement, and military markets, for $10.9 million. The company also completed the purchase of substantially all of the assets of Fish Tales, LLC, a provider of premium sportsman knives and tools for fishing and hunting, including the knife brand, Bubba Blade, for approximately $12.1 million.
  • Co issues downside guidance for Q3, sees EPS of $0.07-0.10, excluding non-recurring items, vs. $0.42 Capital IQ Consensus Estimate; sees Q3 revs of $170-180 mln vs. $210.56 mln Capital IQ Consensus Estimate.
  • Co issues downside guidance for FY18, sees EPS of $0.57-0.67 (prior: $1.04-1.24) vs. $1.10 Capital IQ Consensus Estimate; sees FY18 revs of $650-675 mln (prior: $700-740 mln), excluding non-recurring items, vs. $714.32 mln Capital IQ Consensus Estimate.
  • James Debney, American Outdoor Brands Corporation President and Chief Executive Officer, commented, "Our results for the second quarter were within our guidance range despite challenging market conditions. Lower shipments in our Firearms business reflected a significant reduction in wholesaler and retailer orders versus the prior year, and were partially offset by higher revenue in our Outdoor Products & Accessories business. Total revenue for the quarter faced a challenging comparison to last year, when we believe strong consumer demand was driven by personal safety concerns and pre-election fears of increased firearm legislation." 

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