American Outdoor Brands Files Q2 2025 10-Q

TL;DR

AOBC filed its 10-Q for Oct 31, 2024. Check financials.

AI Summary

American Outdoor Brands, Inc. filed its 10-Q for the period ending October 31, 2024. The company reported financial results and provided updates on its business operations. Key financial data and operational details are included in the filing.

Why It Matters

This filing provides investors with the latest financial performance and operational status of American Outdoor Brands, Inc., crucial for understanding the company's trajectory and making informed investment decisions.

Risk Assessment

Risk Level: medium — The filing contains standard financial reporting for a public company, but the nature of the outdoor goods industry can be subject to economic fluctuations and consumer spending trends.

Key Numbers

• 2024-10-31 — Fiscal Period End (The end date for the financial reporting period covered by this 10-Q.)
• 2024-12-05 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• American Outdoor Brands, Inc. (company) — Filer of the 10-Q
• 20241031 (date) — End of the reporting period
• 20241205 (date) — Filing date
• 1800 NORTH ROUTE Z, SUITE A, COLUMBIA, MO 65202 (address) — Company's 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 — 3,907 shares of common stock, par value $0.001, outstanding as of November 29, 202
• $75 million — ailable borrowings through our existing $75 million credit facility; our expectation that

Filing Documents

• aout-20241031.htm (10-Q) — 2126KB
• aout-ex31_1.htm (EX-31.1) — 16KB
• aout-ex31_2.htm (EX-31.2) — 16KB
• aout-ex32_1.htm (EX-32.1) — 10KB
• aout-ex32_2.htm (EX-32.2) — 10KB
• img15505469_0.jpg (GRAPHIC) — 22KB
• 0000950170-24-133687.txt ( ) — 8646KB
• aout-20241031.xsd (EX-101.SCH) — 1135KB
• aout-20241031_htm.xml (XML) — 1654KB

- 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 20

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 26

Controls and Procedures

Item 4. Controls and Procedures 26

- OTHER INFORMATION

PART II - OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 28

Risk Factors

Item 1A. Risk Factors 28

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28

Other Information

Item 5. Other Information 28

Exhibits

Item 6. Exhibits 29

Signatures

Signatures 30 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: October 31, 2024 (Unaudited) April 30, 2024 (In thousands, except par value and share data) ASSETS Current assets: Cash and cash equivalents $ 14,223 $ 29,698 Accounts receivable, net of allowance for credit losses of $ 159 on October 31, 2024 and $ 133 on April 30, 2024 43,259 25,728 Inventories 111,566 93,315 Prepaid expenses and other current assets 4,904 6,410 Income tax receivable 270 223 Total current assets 174,222 155,374 Property, plant, and equipment, net 10,963 11,038 Intangible assets, net 35,887 40,217 Right-of-use assets 32,748 33,564 Other assets 305 404 Total assets $ 254,125 $ 240,597 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 25,376 $ 14,198 Accrued expenses 12,718 9,687 Accrued payroll and incentives 3,194 4,167 Lease liabilities, current 1,353 1,331 Total current liabilities 42,641 29,383 Lease liabilities, net of current portion 32,630 33,289 Total liabilities 75,271 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 October 31, 2024 and April 30, 2024 — — Common stock, $ 0.001 par value, 100,000,000 shares authorized, 14,889,594 shares issued and 12,832,682 shares outstanding on October 31, 2024 and 14,701,280 shares issued and 12,797,865 shares outstanding on April 30, 2024 15 15 Additional paid in capital 278,677 277,107 Retained deficit ( 73,877 ) ( 74,623 ) Treasury stock, at cost ( 2,056,912 shares on October 31, 2024 and 1,903,415 shares on April 30, 2024) ( 25,961 ) ( 24,574 ) Total equity 178,854 177,925 Total liabilities and equity $ 254,125 $ 240,597 See accompanying notes to unaudited condense