Red, White and Blue Shines Through as American Outdoor Brands (AOUT) Beats Estimates and Posts Positive Q4 Financials
The PRISM Consumer Products Index company American Outdoor Brands (AOUT) announced its Q4 financial results that beat on EPS $0.00 vs FactSet ($0.07) and revenues $46.3M vs FactSet $43.1M. Adjusted EBITDA also came in above consensus at $1.0M vs FactSet $0.4M.
American Outdoor Brands, Chief Financial Officer, Andrew Fulmer stated, “In FY24, we grew our business, invested in our future, and demonstrated disciplined capital management. We delivered net sales growth, strengthened our balance sheet, lowered our product inventories both internally and within the channel, and continued to return cash to stockholders through our share repurchase program. We ended the year with $29.7M in cash and no debt after paying down our line of credit to zero and repurchasing $6.0M of our common stock during the year.”
On the earnings call, management forecasted that they believe FY25 net sales could grow “as much as” 2.5% y/y, excluding acquisitions.
