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American Outdoor Brands, Inc. - AOUT STOCK NEWS

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.

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American Outdoor Brands (NASDAQ: AOUT) has announced a new $10 million share repurchase program starting October 1, 2024, and ending September 30, 2025. This follows a prior program initiated in 2023, which resulted in 412,735 shares repurchased at an average price of $8.70 per share, totaling approximately $3.6 million. Brian Murphy, President and CEO, stated that this decision reflects the board's confidence in the business and commitment to stockholder value creation.

The company, with a strong, debt-free balance sheet, aims to prioritize investments in growth, both organically and through M&A activities, while maintaining its commitment to returning capital to stockholders. The repurchase program allows for shares to be bought on the open market, in block trades, or through private negotiations, with the amount and timing at management's discretion.

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American Outdoor Brands (NASDAQ: AOUT) has announced the postponement of its 2024 Annual Meeting of Stockholders. The delay is to allow the company to file a revised proxy statement that will include a binding proposal to eliminate supermajority voting requirements for amendments to its certificate of incorporation and bylaws. This decision comes after considering the vote at the 2023 Annual Meeting on a non-binding stockholder proposal to eliminate these requirements, as well as additional stockholder feedback.

The company emphasizes its commitment to strong corporate governance practices, citing its voluntary declassification of the Board of Directors in 2021 and a previous attempt to eliminate supermajority voting requirements in 2022. American Outdoor Brands plans to file the revised proxy statement in the coming weeks, and all previously submitted proxies and votes will be disregarded. Stockholders are advised to review the revised proxy statement once available and vote on the new proxy card.

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American Outdoor Brands (NASDAQ: AOUT), an innovation company for outdoor enthusiasts, announced its participation in CL King's 22nd Annual Best Ideas Conference on September 16, 2024. The virtual event will feature a webcast presentation by AOUT at 12:30 p.m. ET, accessible at https://wsw.com/webcast/clk24/aout/1670400. An archived replay will be available for approximately 90 days.

AOUT provides product solutions for various outdoor activities, including hunting, fishing, camping, shooting, and outdoor cooking. The company owns several well-known brands such as BOG, BUBBA, Caldwell, Crimson Trace, Grilla Grills, and more. Investors interested in attending the event should contact CL King for details.

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American Outdoor Brands (NASDAQ: AOUT) reported Q1 fiscal 2025 results with net sales of $41.6 million, down 4.1% year-over-year. The company posted a GAAP net loss of $2.4 million ($0.18 per share) compared to a $4.1 million loss last year. Non-GAAP net income improved to $748,000 ($0.06 per share) from $98,000 a year ago.

Key highlights include:

  • Gross margin steady at 45.4%
  • Adjusted EBITDAS up 76% to $2.0 million (4.8% of sales)
  • International sales grew 21% to $4.4 million
  • New products launched within 24 months generated 23% of sales
  • $23.5 million cash balance with no debt

The company remains optimistic about fiscal 2025 growth prospects despite headwinds in the Shooting Sports category.

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American Outdoor Brands (NASDAQ: AOUT) has announced the release date for its first quarter fiscal 2025 financial results. The company, which provides products for outdoor enthusiasts, will publish its results on Thursday, September 5, 2024, after market close. A conference call and webcast will follow to discuss the financial and operational outcomes. Brian Murphy, President and CEO, and Andy Fulmer, CFO, will be speaking during the call. The full press release will be available on the company's website under the Investor Relations section.

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American Outdoor Brands (NASDAQ: AOUT) reported FY24 net sales of $201.1 million, a 5.2% increase from the prior year. Traditional channel sales grew 12.3%, while e-commerce sales declined 3.3%. Gross margin was 44.0%, down from 46.1% last year due to tariff and freight costs. The GAAP net loss was $12.2 million ($0.94 per diluted share), slightly higher than $12.0 million ($0.90 per diluted share) last year. Non-GAAP net income was $4.3 million ($0.32 per diluted share), a decrease from $6.6 million ($0.48 per diluted share). Adjusted EBITDAS dropped to $9.8 million from $12.8 million. Quarterly net sales rose 9.7% to $46.3 million. Quarterly GAAP net loss was $5.3 million ($0.42 per diluted share), up from $3.8 million ($0.29 per diluted share). CEO Brian Murphy highlighted strategic growth and product innovation as key drivers for fiscal 2024.

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American Outdoor Brands (NASDAQ: AOUT) will release its fiscal 2024 Q4 and full-year financial results on June 27, 2024, post-market close. The company, which provides products for outdoor enthusiasts, will also host a conference call and webcast to discuss the results. Key speakers include CEO Brian Murphy and CFO Andy Fulmer. The press release will be accessible on the company’s website in the Investor Relations section.

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American Outdoor Brands (NASDAQ: AOUT) announced that President and CEO Brian Murphy and CFO Andrew Fulmer will attend the Jefferies Consumer Conference on June 17-18, 2024, in Nantucket, MA. The company, a leader in outdoor products and accessories, will discuss its offerings, including brands like BOG, BUBBA, Caldwell, and more. Investors can schedule one-on-one meetings through their Jefferies representative. For more details, visit www.aob.com.

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American Outdoor Brands, Inc. (AOUT) settles patent litigation with Vista Outdoor Sales and Bushnell Holdings, Inc. to protect proprietary designs. The settlement resolves infringement claims on electronic powder dispenser and hunting blind products.
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American Outdoor Brands, Inc. (AOUT) will participate in the 36th Annual ROTH Conference on March 18, 2024, providing an opportunity for institutional investors to engage with the company.
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FAQ

What is the current stock price of American Outdoor Brands (AOUT)?

The current stock price of American Outdoor Brands (AOUT) is $9.28 as of November 8, 2024.

What is the market cap of American Outdoor Brands (AOUT)?

The market cap of American Outdoor Brands (AOUT) is approximately 118.2M.

What does American Outdoor Brands, Inc. (AOUT) specialize in?

American Outdoor Brands specializes in providing innovative outdoor products and accessories, including items for hunting, fishing, camping, shooting, outdoor cooking, and personal security and defense.

What are some of the key brands under American Outdoor Brands?

Key brands under AOUT include BOG, BUBBA, Caldwell, Crimson Trace, Frankford Arsenal, Grilla Grills, Hooyman, Imperial, LaserLyte, Lockdown, MEAT!, Old Timer, Schrade, Tipton, Uncle Henry, ust, and Wheeler.

How did American Outdoor Brands perform financially in the second quarter of fiscal 2024?

In the second quarter of fiscal 2024, AOUT reported net sales of $57.9 million, an increase of 6.4% compared to the same quarter last year. Traditional channel sales grew by 8.7%, and e-commerce sales increased by 3.3%.

What is the Dock & Unlock™ process?

The Dock & Unlock™ process is AOUT's strategic approach to driving innovation and new product development across its brand portfolio.

Has American Outdoor Brands been involved in any recent legal settlements?

Yes, AOUT recently secured settlements in patent infringement cases against The Allen Company and Vista Outdoor/Bushnell Holdings, reinforcing its commitment to protecting its intellectual property.

Who are the recent additions to American Outdoor Brands' executive team?

Brent Vulgamott has been appointed as Chief Operating Officer, and James Tayon has been named Chief Product Officer, reflecting the company's focus on operational efficiency and product innovation.

What are American Outdoor Brands’ anticipated net sales for fiscal 2024?

AOUT anticipates its 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.

When will American Outdoor Brands release its third quarter fiscal 2024 financial results?

American Outdoor Brands plans to release its third quarter fiscal 2024 financial results on March 7, 2024.

What are some recent product innovations introduced by American Outdoor Brands?

Recent product innovations include new additions under the Caldwell, Grilla, and Hooyman brands, developed through the company's Dock & Unlock™ process.

How does American Outdoor Brands position its products in the market?

AOUT strategically places its brands in both e-commerce and traditional retail channels, aiming to meet consumer expectations and drive sales growth.

American Outdoor Brands, Inc.

Nasdaq:AOUT

AOUT Rankings

AOUT Stock Data

118.18M
12.85M
4.75%
66.37%
0.41%
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