Categories Earnings, Industrials

American Outdoor Brands (AOBC): Q2 2020 Earnings Snapshot

— American Outdoor Brands Corporation (NASDAQ: AOBC) reported its second-quarter 2020 adjusted earnings of $0.09 per share versus $0.07 per share expected.

— Net sales decreased by 5% to $154.4 million versus $149.5 million expected.

Earnings Update by AlphaStreet

— The $8.1 million incremental revenue in the latest quarter was the result of a change required by the Tax and Trade Bureau related to the timing of federal excise tax assessment within the Firearms segment.

— Subsequent to the end of Q2, the company announced a plan to spin-off its outdoor products and accessories business as a tax-free stock dividend to stockholders. The transaction will close in the second half of the calendar 2020.

— Looking ahead into the third quarter, the company expects net sales in the range of $180-190 million, GAAP EPS of $0.11-0.15, and adjusted EPS of $0.20-0.24. The Street estimates EPS of $0.26 on revenue of $172.39 million.

— For fiscal 2020, the company sees net sales in the range of $680-700 million, GAAP EPS of $0.41-0.49, and adjusted EPS of $0.76-0.84. The consensus estimates EPS of $0.74 on revenue of $638.54 million.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top