AOUT - American Outdoor Brands stock up on FQ2 earnings beat and raised FY2021 outlook

American Outdoor Brands (AOUT) reports net sales growth of 65.7% in FQ2, driven primarily by 213.4% increases in e-commerce and 34.3% traditional sales channels.Gross margin rate improved 690 bps to 46.9%.Adjusted EBITDA margin was 19.9% vs. 11.7% year ago.Andrew Fulmer, Chief Financial Officer, said, "We ended the quarter with cash of $33.9 million and no borrowings on our $50.0 million senior secured credit facility, which is expandable by an additional $15.0 million under certain conditions.  This means that we now have up to nearly $100.0 million in available capital to support organic growth and potential future acquisitions. We believe our Adjusted EBITDAS margin of nearly 20% in the quarter demonstrates that we have designed and built a highly leverageable platform, made possible by earlier investments in our e-commerce and logistics capabilities. These capabilities, combined with customer order activity, which remained strong in the quarter, have allowed us to increase our outlook

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American Outdoor Brands stock up on FQ2 earnings beat and raised FY2021 outlook