AP NEWS

American Outdoor Brands: Fiscal 4Q Earnings Snapshot

June 19, 2019

SPRINGFIELD, Mass. (AP) _ American Outdoor Brands Co. (AOBC) on Wednesday reported fiscal fourth-quarter profit of $9.8 million.

The Springfield, Massachusetts-based company said it had net income of 18 cents per share. Earnings, adjusted for one-time gains and costs, were 26 cents per share.

The firearm maker posted revenue of $175.7 million in the period.

For the year, the company reported profit of $18.4 million, or 33 cents per share. Revenue was reported as $638.3 million.

For the current quarter ending in August, American Outdoor Brands expects its per-share earnings to range from 3 cents to 7 cents.

The company said it expects revenue in the range of $120 million to $130 million for the fiscal first quarter.

American Outdoor Brands expects full-year earnings in the range of 76 cents to 84 cents per share, with revenue ranging from $630 million to $650 million.

American Outdoor Brands shares have dropped 29% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.09, a decrease of 31% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AOBC at https://www.zacks.com/ap/AOBC

All contents © copyright 2019 The Associated Press. All rights reserved.