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American Outdoor Brands Q2 2019 net sales $161.7 million

American Outdoor Brands
American Outdoor Brands   Gross margin for the quarter was 34.9%

American Outdoor Brands Corporation announced financial results for the second quarter fiscal 2019, ended October 31, 2018.


Quarterly net sales were $161.7 million compared with $148.4 million for the second quarter last year, an increase of 8.9%.

Gross margin for the quarter was 34.9% compared with 34.2% for the second quarter last year.

Quarterly GAAP net income was $6.7 million, or $0.12 per diluted share, compared with net income of $3.2 million, or $0.06 per diluted share, for the comparable quarter last year.

Quarterly Non-GAAP net income was $11.0 million, or $0.20 per diluted share, compared with $6.3 million, or $0.11 per diluted share, for the comparable quarter last year. GAAP to non-GAAP adjustments to net income exclude a number of acquisition-related costs, including amortization, one-time transaction costs, and fair value inventory step-up expense.

Quarterly non-GAAP Adjusted EBITDAS was $26.7 million, or 16.5% of net sales, compared with $23.1 million, or 15.5% of net sales, for the comparable quarter last year.

 

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