American Outdoor Brands Q1 2025 Update

TL;DR

AOBC Q1 earnings out, check the numbers on costs and stock plans.

AI Summary

American Outdoor Brands, Inc. filed its 10-Q for the period ending July 31, 2024. The company reported its financial results, including details on cost of sales and operating expenses. The filing also references various stock plans and credit facilities, with specific dates such as May 1, 2024, and July 31, 2023, being mentioned in relation to compensation and financial reporting.

Why It Matters

This filing provides insight into American Outdoor Brands' financial performance and operational details for the first quarter of fiscal year 2025, impacting investor understanding of the company's current standing.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information and operational disclosures that could impact investment decisions.

Key Numbers

• 2024-07-31 — Reporting Period End Date (Marks the end of the financial period covered by the 10-Q.)
• 2024-05-01 — Start of Reporting Period (Indicates the beginning of the fiscal quarter.)
• 2023-05-01 — Prior Year Period Start (Used for comparative financial analysis.)
• 2023-07-31 — Prior Year Period End (Used for comparative financial analysis.)

Key Players & Entities

• American Outdoor Brands, Inc. (company) — Filer of the 10-Q
• 20240731 (date) — End of the reporting period
• 0000950170-24-104003 (accession_number) — Unique identifier for the filing
• 0001808997 (cik) — Central Index Key for American Outdoor Brands, Inc.
• 1800 NORTH ROUTE Z, SUITE A, COLUMBIA, MO 65202 (address) — Business and mailing address

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share AOUT Nasdaq Global Select
• $0 — 5,909 shares of common stock, par value $0.001, outstanding as of August 30, 2024.
• $75 million — ailable borrowings through our existing $75 million credit facility; our expectation that

Filing Documents

• aout-20240731.htm (10-Q) — 1312KB
• aout-ex31_1.htm (EX-31.1) — 16KB
• aout-ex31_2.htm (EX-31.2) — 16KB
• aout-ex32_1.htm (EX-32.1) — 9KB
• aout-ex32_2.htm (EX-32.2) — 10KB
• img15482405_0.jpg (GRAPHIC) — 22KB
• 0000950170-24-104003.txt ( ) — 6483KB
• aout-20240731.xsd (EX-101.SCH) — 1115KB
• aout-20240731_htm.xml (XML) — 1029KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) 5

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 18

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 22

Controls and Procedures

Item 4. Controls and Procedures 22

- OTHER INFORMATION

PART II - OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 23

Risk Factors

Item 1A. Risk Factors 23

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 23

Other Information

Item 5. Other Information 23

Exhibits

Item 6. Exhibits 24

Signatures

Signatures 25 Accumax, BOG, BUBBA, Caldwell, Deadshot, Deathgrip, Delta Series, Don't Be Outdoorsy – Be Outdoors, E-MAX, Engineered for the Unknown, F.A.T. Wrench, Fieldpod, Frankford Arsenal, Golden Rod, Hooyman, Imperial, Intellidropper, Lead Sled, Lockdown, Lockdown Puck, Mag Charger, MEAT! Your Maker, Old Timer, Schrade, Sharpfinger, Tipton, Grilla, Grilla Grills, Uncle Henry, Unmatched Accuracy at the Bench and in the Field, ust, Wheeler, XLA Bipod, Your Land. Your Legacy, Crimson Trace, Lasergrips, Laserguard, LaserLyte, Lasersaddle, Lightguard, and Rail Master are some of the registered U.S. trademarks of our company or one of our subsidiaries. AOB Products Company, Dock and Unlock , From Niche to Known, MEAT!, Secure Your Lifestyle, The Ultimate Lifestyle, and Water to Plate are some of the unregistered trademarks of our company or one of our subsidiaries. Trademarks licensed to us by Smith & Wesson Brands, Inc. in connection with the manufacture, distribution, marketing, advertising, promotion, merchandising, shipping, and sale of certain licensed accessory product categories include M&P, Performance Center, Smith & Wesson, and T/C, among others. This report also may contain trademarks and trade names of other companies. Statement Regarding Forward-Looking Information The statements contained in this Quarterly Report on Form 10-Q that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. All statements other than statements of historical facts contained or incorporated herein by reference in this Quarterly Report on Form 10-Q, including statements regarding our future operating results, future financial position, business strategy, objectives, goals, plans, prospects, markets, and plans and objectives for future operations, are forward-looking statements. In some cases, you can identify for

Financi al Statements

Item 1. Financi al Statements AMERICAN OUTDOOR BRANDS, INC. AND SUBSIDIARIES CONDENSED CO NSOLIDATED BALANCE SHEETS As of: July 31, 2024 (Unaudited) April 30, 2024 (In thousands, except par value and share data) ASSETS Current assets: Cash and cash equivalents $ 23,463 $ 29,698 Accounts receivable, net of allowance for credit losses of $ 114 on July 31, 2024 and $ 133 on April 30, 2024 26,346 25,728 Inventories 106,710 93,315 Prepaid expenses and other current assets 5,585 6,410 Income tax receivable 245 223 Total current assets 162,349 155,374 Property, plant, and equipment, net 10,992 11,038 Intangible assets, net 37,930 40,217 Right-of-use assets 33,165 33,564 Other assets 354 404 Total assets $ 244,790 $ 240,597 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 18,118 $ 14,198 Accrued expenses 11,725 9,687 Accrued payroll and incentives 4,923 4,167 Lease liabilities, current 1,359 1,331 Total current liabilities 36,125 29,383 Lease liabilities, net of current portion 32,951 33,289 Total liabilities 69,076 62,672 Commitments and contingencies (Note 11) Equity: Preferred stock, $ 0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding on July 31, 2024 and April 30, 2024 — — Common stock, $ 0.001 par value, 100,000,000 shares authorized, 14,820,494 shares issued and 12,875,062 shares outstanding on July 31, 2024 and 14,701,280 shares issued and 12,797,865 shares outstanding on April 30, 2024 15 15 Additional paid in capital 277,642 277,107 Retained deficit ( 76,988 ) ( 74,623 ) Treasury stock, at cost ( 1,945,432 shares on July 31, 2024 and 1,903,415 shares on April 30, 2024) ( 24,955 ) ( 24,574 ) Total equity 175,714 177,925 Total liabilities and equity $ 244,790 $ 240,597 See accompanying notes to unaudited condensed consolidated