American Outdoor Brands Corporation (NASDAQ:AOBC) Q1 2021 Earnings Conference Call - Final Transcript

Sep 04, 2020 • 08:30 am ET


American Outdoor Brands Corporation (NASDAQ:AOBC) Q1 2021 Earnings Conference Call - Final Transcript


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Good day everyone and welcome to American Outdoor Brands Inc. First Quarter Fiscal 2021 Financial Results Conference Call. This call is being recorded.

At this time, I would like to turn the call over to Liz Sharp, Vice President of Investor Relations for some information about today's call.

Liz Sharp

Thank you, and good morning. On behalf of all of us at American Outdoor Brands, we hope you are healthy and safe.

Our comments today may contain predictions, estimates and other forward-looking statements. Our use of words like anticipate, project, estimate, expect, intend, believe, and other similar expressions is intended to identify those forward-looking statements. Forward-looking statements also include statements regarding our product development, focus, objectives, strategies and vision, our strategic evolution, our market share and market demand for our products, market and inventory conditions related to our products and in our industry in general and growth opportunities and trends. Our forward-looking statements represent our current judgment about the future and they are subject to various risks and uncertainties. Risk factors and other considerations that could cause our actual results to be materially different are described in our securities filings. You can find those documents as well as a replay of this call on our website at Today's call contains time-sensitive information that is accurate only as of this time and we assume no obligation to update any forward-looking statements. Our actual results could differ materially from our statements today.

I have a few important items to note about our comments on today's call. First, we reference certain non-GAAP financial measures on this call. Our non-GAAP results exclude amortization of acquired intangible assets, stock compensation, transition costs, COVID-19 expenses, related party interest income and the tax effect related to all those adjustments. The reconciliations of GAAP financial measures to non-GAAP financial measures, whether or not they are discussed on today's call, can be found in our filings as well as yesterday's earnings press release, which are posted to our website. Also, when we reference EPS, we are always referencing fully diluted EPS.

As many of you know, on August 24, we completed our spin-off from Smith & Wesson Brands and today marks our first earnings call as American Outdoor Brands. I would like to note that we expect our 10-Q to file by the end of next week. Going forward, our goal will be to file our 10-Q concurrent with our earnings release each quarter.

Joining us on today's call is Brian Murphy, President and CEO and Andy Fulmer, Chief Financial Officer. And with that, I will turn it over to Brian.

Brian D. Murphy

Thanks Liz. I'm happy to join you today for our first earnings call and I know that I speak for all of us at American Outdoor Brands when I say we could not be more excited about our future. We believe our passion for products that allow people to pursue their outdoor adventures is especially timely, as consumers increasingly look to outdoor activities such as fishing, hunting, shooting sports, camping