AOBC - Free Research Report as American Outdoor Brands' Earnings Beat Estimates
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LONDON, UK / ACCESSWIRE / July 12, 2018 / If you want access to our free earnings report on American Outdoor Brands Corp. (NASDAQ: AOBC) ("AOBC"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AOBC. The Company reported its financial results on June 20, 2018, for the fourth quarter and full fiscal year 2018. The American manufacturer of firearms, outdoor sports, and recreation products exceeded analysts' estimates for earnings for Q4 FY18. Additionally, the Company provided its guidance for the first quarter and full fiscal year 2019. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, American Outdoor Brands most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Earnings Highlights and Summary
For the fourth quarter ended April 30, 2018, AOBC's revenues declined 24.9% to $172.0 million compared to $229.2 million in the fourth quarter of the fiscal year 2017. The Company's revenue numbers lagged analysts' estimates of $182.0 million. For the full fiscal year 2018, AOBC's revenues decreased 32.8% to $607.0 million compared to $903.2 million in FY17.
For the reported quarter, AOBC's gross profit dropped 36.8% to $57.4 million compared to $90.8 million in the year ago same period. The Company's gross margin was 33.4% in Q4 FY18 compared to 39.6% in Q4 FY17. The Company's gross profit was $195.8 million in the year ended April 30, 2018, versus $375.3 million in the year ended April 30, 2017, decreasing 47.8% on a y-o-y basis.
AOBC reported non-GAAP adjusted earnings before interest, tax, depreciation, amortization, and stock-based compensation (EBITDAS) of $33.4 million, or 19.4% of net sales, in the reported quarter versus $60.5 million, or 26.4% of net sales, in the comparable quarter of last year. The Company posted non-GAAP adjusted EBITDAS of $89.5 million, or 14.7% of net sales, in FY18 compared to $266.3 million, or 29.5% of net sales, in FY17.
During Q4 FY18, AOBC posted a net income of $7.7 million compared to $27.7 million in Q4 FY17, declining 72.3% on a y-o-y basis. The Company's non-GAAP net income decreased 58.4% to $13.3 million in Q4 FY18 compared to $31.8 million in Q4 FY17. For FY18, the Company reported a net income of $20.1 million versus $127.9 million in FY17.
AOBC's diluted earnings per share (EPS) were $0.14 in the reported quarter compared to $0.50 in the year ago corresponding period, decreasing 72% on a y-o-y basis. The Company's non-GAAP EPS dipped 57.9% to $0.24 in Q4 FY18 compared to $0.57 in Q4 FY17, beating analysts' estimates of $0.11.
Segment Details
AOBC operates through two reporting segments, namely (i) Firearms; and (ii) Outdoor Products & Accessories.
During FY18, AOBC's Firearms segment generated total sales of $452.8 million compared to $776.6 million in FY17, decreasing 41.7% on a y-o-y basis.
AOBC's Outdoor Products & Accessories segment's revenues grew 22.0% to $171.7 million in FY18 compared to $140.7 million in FY17.
Cash Matters
As of April 30, 2018, AOBC's cash and cash equivalents stood at $48.9 million compared to $61.5 million as of April 30, 2017. The Company had a cash inflow from operating activities of $61.6 million in the fiscal year ended April 30, 2018, compared to $123.6 million in the fiscal year ended April 30, 2017.
Outlook
For Q1 FY19, AOBC expects revenues to be in the range of $130.0 million to $140.0 million. The Company anticipates GAAP EPS to be in the band of $0.03 to $0.07, and non-GAAP EPS to be in the range of $0.10 to $0.14 in the first quarter of the fiscal year 2019.
For FY19, AOBC anticipates revenues to be between $570.0 million and $600.0 million. The Company expects GAAP EPS to be in the band of $0.12 to $0.22, and non-GAAP EPS to be in the range of $0.40 to $0.50 for the full fiscal year 2019.
Stock Performance Snapshot
July 11, 2018 - At Wednesday's closing bell, American Outdoor Brands' stock fell 3.03%, ending the trading session at $11.15.
Volume traded for the day: 940.41 thousand shares.
Stock performance in the previous three-month period - up 7.01%
After yesterday's close, American Outdoor Brands' market cap was at $601.10 million.
Price to Earnings (P/E) ratio was at 57.18.
The stock is part of the Industrial Goods sector, categorized under the Aerospace/Defense Products & Services industry.
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