-=American Outdoor Brands (AOBC) to change name to Smith & Wesson Brands; to trade under ticker symbol "SWBI"

• Smith & Wesson Brands (SWBI)
• American Outdoor Brands (AOUT)

The decision to split off the firearm business was partly motivated by a changing political climate.


American Outdoor Brands to change name to Smith & Wesson Brands, effective June 1; to trade under ticker symbol "SWBI"

American Outdoor Brands will change its name to Smith & Wesson Brands, effective June 1.

• The name change reflects the company's preparation for the previously announced spin-off of its outdoor products and accessories business as a tax-free stock distribution to its stockholders in late summer 2020, a transaction that would create two independent, publicly traded companies: Smith & Wesson Brands (which would encompass the firearm business) and American Outdoor Brands (which would encompass the outdoor products and accessories business).

The company's common shares will continue to be listed for trading on the Nasdaq Global Select exchange under the new ticker symbol "SWBI" beginning at the market opening on Monday, June 1.

=American Outdoor Brands (AOBC) reported earnings on Thur 6 Dec 2018 (a/h)

American Outdoor Brands beats by $0.06, beats on revs; guides Q3 EPS above consensus, revs in-line; raises FY19 above consensus

• Reports Q2 (Oct) earnings of $0.20 per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $0.14; revenues rose 9.0% year/year to $161.7 mln vs the $154.67 mln S&P Capital IQ Consensus.
• Co issues guidance for Q3, sees EPS of $0.09-0.13, excluding non-recurring items, vs. $0.09 S&P Capital IQ Consensus; sees Q3 revs of $155-165 mln vs. $157.75 mln S&P Capital IQ Consensus.
• Co issues upside guidance for FY19, sees EPS of $0.69-0.73 from $0.62-0.66, excluding non-recurring items, vs. $0.65 S&P Capital IQ Consensus; sees FY19 revs of $625-635 mln from $620-630 mln vs. $625.33 mln S&P Capital IQ Consensus. 
• "We are pleased with our second quarter operational and financial results, which reflect year-over-year increases in revenue and profitability in both our Outdoor Products & Accessories segment and our Firearms segment. Our Outdoor Products & Accessories segment, a strategically important market that we first entered just four years ago, generated approximately one-third of our revenue in the quarter. Sales growth occurred in both our Hunting & Shooting product categories, as well as our Cutlery & Tool product categories, and came from a variety of retailers, particularly our online retailers."

Earnings this week : Dec 3 - 7, 18 (wk 49)

Earnings confirmed to report this week

Monday (Dec 3)    

• Morning: FNSR
• Afternoon:  COUP MESA RH SMAR

Tuesday (Dec 4)

• Morning:  AZO AVYA BMO BNED CONN DG DCI GMS HDS MOV SECO TOL
• Afternoon: ESTC GWRE HOME HPE HQY MDB MRVL OLLI  OL ZS

Wednesday (Dec 5)
Markets will be closed for the mourning of the 41st US President George H.W. Bush

• Morning: AEO BF.B GIII JW.A LE MOMO SCWX 
• Afternoon: CLDR FIVE GEF HRB KFY  OKTA SNPS  

Thursday (Dec 6)

• Morning:  DLTH GCO GIII HOME HOV HRB KFY KR LE MEI MIK MOMO PDCO PLCE SCWX SIG THO TTC VRNT
• Afternoon:  AOBC AVGO CMTL COO DOCU DOMO LULU SAIC ULTA UNFI ZUMZ

Friday (Dec 7)

• Morning: BIG MTN

This week's biggest % winners & losers : Aug 27 - 31, 18 (wk 35)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: GKOS (68.37 +55.99%), ALNY (122.67 +26.63%), ADRO (7.4 +26.5%), KTWO (27.34 +21.24%), IMMU (26.76 +20.11%), MDXG (5.3 +19.1%), NVTA (14.81 +17.91%), NVAX (1.56 +17.29%), CRBP (5.85 +17%)
• Industrials: BLDP (3.54 +18.39%)
• Consumer Discretionary: AOBC (14.03 +45.39%), TLYS (23.52 +36.03%), SCVL (44.46 +32.05%), SHLD (1.34 +21.82%), DSW (33.26 +21.56%)
• Information Technology: LEJU (2.21 +40.76%), BRKS (39.41 +32.92%), SMCI (20.51 +25.21%), SMTC (59.75 +18.43%)

This week's top 20 % losers

• Healthcare: EGRX (69.13 -14.23%), SPPI (21.53 -12.23%), DEPO (6.38 -10.52%)
• Consumer Discretionary: ANF (21.67 -20.74%), GME (13.27 -19.82%), MIK (16.99 -17.8%), MOV (42.6 -16.39%), FOSL (22.67 -14.61%), BIG (43.05 -14.12%), DLTR (80.51 -13.86%)
• Information Technology: UEPS (7.24 -17.82%), TECD (72.75 -15.94%), EA (113.41 -12.06%), PDFS (8.72 -11.56%), VNET (9.75 -10.96%)
• Financials: GGAL (22.5 -14.77%)
• Telecommunication Services: TKC (4.07 -14.68%)

=American Outdoor Brands (AOBC) reported earnings on Thur 30 August 2018 (a/h)

American Outdoor Brands beats by $0.09, beats on revs; guides Q2 EPS above consensus, revs above consensus; guides FY19 EPS above consensus, revs above consensus 

• Reports Q1 (Jul) earnings of $0.21 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $0.12; revenues rose 7.6% year/year to $138.8 mln vs the $134.42 mln S&P Capital IQ Consensus.
• Co issues upside guidancefor Q2, sees EPS of $0.11-0.15, excluding non-recurring items, vs. $0.07 S&P Capital IQ Consensus; sees Q2 revs of $150-160 mln vs. $142.84 mln S&P Capital IQ Consensus.
• Co issues upside guidancefor FY19, sees EPS of $0.62-0.66, excluding non-recurring items, vs. $0.49 S&P Capital IQ Consensus; sees FY19 revs of $620-630 mln vs. $595.88 mln S&P Capital IQ Consensus.

Earnings this week : August 27 - 31, 18 (wk 35)

Earnings confirmed to report this week

Monday (August 27)

• Morning: AMWD  PKX MBT JT SVA FGBI PEBK TATT
• Afternoon: HEI PAHC  SHG BAP WF BILI  RYB MESA

Tuesday (Aug 28)

• Morning: BBY BJ BMO BNS CTLT  DSW HAIN SFUN SXI TIF
• Afternoon: BOX HPE HRB LCI NCS OOMA PSEC SCSC  SCVL TLRY YRD

Wednesday (Aug 29)

• Morning: AEO BF.B CHS DKS DY EV EXPR MOV
• Afternoon: CRM GEF GES HOME PVH SMTC TLYS UEPS

Thursday (Aug 30)

• Morning: ANF BURL CIEN CPB DG  DLTR  GMS KIRK MEI MIK PDCO SIG TD TECD TITN
• Afternoon: AMBA  AOBC  COO  LULU  NTNX PAGS ULTA YEXT ZUO

Friday (Aug 31)

• Morning: BIG  

=American Outdoor Brands (AOBC) reported earnings on Wed 20 June 18 (a/h)

American Outdoor Brands beats by $0.13, beats on revs; guides Q1 EPS and rev above two analyst estimate; guides FY19 EPS and rev below consensus 

• Reports Q4 (Apr) earnings of $0.24 per share, excluding non-recurring items, $0.13 better thanthe Capital IQ Consensus of $0.11; revenues fell 25.0% year/year to $172 mln vs the $166.83 mln Capital IQ Consensus.
• Co issues upside guidance for Q1, sees EPS of $0.10-0.14, excluding non-recurring items, vs. $0.02 two analyst estimate; sees Q1 revs of $130-140 mln vs. $125.54 mln Capital IQ Consensus Estimate.
• Co issues downside guidance for FY19, sees EPS of $0.40-0.50, excluding non-recurring items, vs. $0.63 Capital IQ Consensus Estimate; sees FY19 revs of $570-600 mln vs. $618.25 mln Capital IQ Consensus Estimate. 
• "New products -- which we define as products launched within the last twelve months -- accounted for 29% of our firearms revenue in fiscal 2018, and strong adoption rates across our growing M&P family helped us retain our leadership position in the consumer market for handguns... Our Outdoor Products & Accessories segment generated 26% of our total revenue in fiscal 2018 compared to just 14% in fiscal 2017... In fiscal 2019, we expect to continue employing the strength of our balance sheet to fuel additional growth opportunities, both organic and inorganic."

Earnings this week : June 18 - 22, 2018 (wk 25)

Earnings expected this week

Monday (June 18)

• None

Tuesday (June 19)

• Premarket: SECO
• After hours: FDX, LZB, ORCL

Wednesday (June 20)

• Premarket: ATU, WGO
• After hours: AOBC, BNED, MU, SCS

Thursday (June 21)

• Premarket: BKS, CCL, CMC, DRI, KR, MEI, PDCO
• After hours: RHT, SGH

Friday (June 22)

• Premarket: BB, KMX

=American Outdoor Brands (AOBC) reported earnings on Thur 1 March 2018 (a/h)

American Outdoor Brands beats by $0.13, misses on revs; guides Q4 EPS below consensus, revs below consensus 

• Reports Q3 (Jan) earnings of $0.21 per share, $0.13 better than the Capital IQ Consensus of $0.08; revenues fell 32.6% year/year to $157.36 mln vs the $172.83 mln Capital IQ Consensus.
  • 'While our new product pipeline is robust and channel inventory levels appear to be improving, we believe that the new, lower levels of consumer firearm demand we saw reflected in the January NICS results may continue for some time. Going forward, we will operate our business under the assumption that the next 12-18 months could deliver flattish revenues in Firearms'.
• Co issues downside guidance for Q4, sees EPS of $0.09-0.11, excluding non-recurring items, vs. $0.38 Capital IQ Consensus Estimate; sees Q4 revs of $162-166 mln vs. $205.87 mln Capital IQ Consensus Estimate.

=American Outdoor Brands (AOBC) reported earnings on Thur 7 Dec 17 (a/h)

American Outdoor Brands beats by $0.03, beats on revs; guides Q3 EPS below consensus, revs below consensus; lowers FY18 EPS below consensus, lowers revs below consensus  

• Reports Q2 (Oct) earnings of $0.11 per share, $0.03 better than the Capital IQ Consensus of $0.08; revenues fell 36.5% year/year to $148.4 mln vs the $142.1 mln Capital IQ Consensus.
  • During the second quarter, the company completed the purchase of substantially all of the assets of Gemini Technologies, Incorporated, a provider of high quality suppressors and accessories for the consumer, law enforcement, and military markets, for $10.9 million. The company also completed the purchase of substantially all of the assets of Fish Tales, LLC, a provider of premium sportsman knives and tools for fishing and hunting, including the knife brand, Bubba Blade, for approximately $12.1 million.
• Co issues downside guidance for Q3, sees EPS of $0.07-0.10, excluding non-recurring items, vs. $0.42 Capital IQ Consensus Estimate; sees Q3 revs of $170-180 mln vs. $210.56 mln Capital IQ Consensus Estimate.
• Co issues downside guidance for FY18, sees EPS of $0.57-0.67 (prior: $1.04-1.24) vs. $1.10 Capital IQ Consensus Estimate; sees FY18 revs of $650-675 mln (prior: $700-740 mln), excluding non-recurring items, vs. $714.32 mln Capital IQ Consensus Estimate.
• James Debney, American Outdoor Brands Corporation President and Chief Executive Officer, commented, "Our results for the second quarter were within our guidance range despite challenging market conditions. Lower shipments in our Firearms business reflected a significant reduction in wholesaler and retailer orders versus the prior year, and were partially offset by higher revenue in our Outdoor Products & Accessories business. Total revenue for the quarter faced a challenging comparison to last year, when we believe strong consumer demand was driven by personal safety concerns and pre-election fears of increased firearm legislation." 

This week's biggest % winners & losers : Sept 4 - 8, 17 (wk 36)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare:INSM(30.04 +144.43%),NLNK(17.67 +126.83%),NH(4.12 +54.89%),ADAP(8.93 +35.71%), LBIO (7.3 +21.67%),BCRX(5.85 +17%),ITCI(21.39 +14.57%),RGNX(25.7 +13.47%),ABBV(85.34 +13.15%)
• Materials:FRTA(3.82 +14.37%),BMS(49.22 +13.54%)
• Industrials:NAV (38.89 +12.66%)
• Consumer Discretionary:RH(70.65 +45.64%),CONN(23.1 +18.77%),FRED(6.95 +14.5%),GPRO(10.26 +14%),CAB(60.93 +13.36%)
• Energy:MTRX(14.2 +16.87%),FRO(5.69 +13.8%)
• Utilities:EBR(6.33 +12.83%)

This week's top 20 % losers

• Healthcare:ALNY(73.69 -17.12%), CLLS(27.07 -15.88%), MNK(35.33 -14.19%),CLVS(67.17 -14.17%)
• Industrials:NCS(13.85 -17.31%),TRTN(31.87 -15.93%)
• Consumer Discretionary: AOBC(13.92 -15.74%)
• Information Technology:TRVG(10.96 -29.34%),LEJU(1.47 -19.23%),SAIC(61.06 -17.95%),KEM(20.44 -16.09%),HLIT(2.9 -14.71%)
• Financials:UVE(17.85 -17.17%),HRTG(9.37 -16.79%),AHL(38.15 -15.97%)
• Energy:SDRL(0.22 -22.82%),REN(24.28 -18.06%),CRZO(11.38 -16.81%)
• Telecommunication Services:GSAT(1.63 -18.5%)

=American Outdoor Brands (AOBC) reported earnings on Thur 7 Sept 17 (a/h)

American Outdoor Brands misses by $0.09, misses on revs; guides Q2 EPS, revs below consensus; lowers FY18 EPS, revs guidance

• Reports Q1 (Jul) earnings of $0.02 per share, excluding non-recurring items, $0.09 worse than the Capital IQ Consensus of $0.11; revenues fell 37.7% year/year to $129.02 mln vs the $147.24 mln Capital IQ Consensus.
• Quarterly non-GAAP Adjusted EBITDAS was $12.9 million, or 10.0% of net sales, compared with $65.8 million, or 31.8% of net sales, for the comparable quarter last year.
• Co issues downside guidance for Q2, sees EPS of $0.07-0.12, excluding non-recurring items, vs. $0.28 Capital IQ Consensus Estimate; sees Q2 revs of $140-150 mln vs. $170.31 mln Capital IQ Consensus Estimate.
• Co lowers guidancefor FY18, sees EPS of $1.04-1.24 (Prior $1.42-1.62), excluding non-recurring items, vs. $1.53 Capital IQ Consensus Estimate; sees FY18 revs of $700-740 mln (Prior $750-790 mln) vs. $774.49 mln Capital IQ Consensus Estimate.
• "Our financial results for the first quarter reflected lower than anticipated shipments in our Firearms business, consistent with a softening in wholesaler and retailer orders, partially offset by increased revenue from our Outdoor Products & Accessories business, which grew organically at 11.4% and which more than doubled inorganically. Total revenue for the quarter also faced a challenging comparison to last year's heightened level of firearms demand, which we believe was driven by concerns for personal safety and the potential for increased firearm legislation."
• "In Firearms, we believe units shipped in the first quarter were impacted by an extremely successful promotion on our M&P Shield pistols that we initiated in our prior fourth quarter. That promotion exceeded our expectations and we believe it pulled forward our shipments into the fourth quarter as wholesalers and retailers stocked up in preparation for the strong consumer demand for those products that they believed would occur -- and that did in fact occur -- over the ensuing 90 days. In addition, we believe that heightened channel inventory from multiple manufacturers at retail locations contributed to lower orders in the quarter. Despite those heightened channel inventories, we were pleased that our inventory at distributors actually declined during the quarter. For the remainder of the year, our focus in Firearms will be on bringing Gemtech suppressors into our product line and on introducing several significant new firearms in the second half of this fiscal year. We plan to further increase our internal inventory in preparation for new product launches, the upcoming fall hunting and holiday seasons, and the industry ordering shows that occur in January and February. In Outdoor Products & Accessories, we will focus on new product introductions, including offerings from our acquisition of Bubba Blade, a premium knife brand that is widely recognized among outdoor enthusiasts for some of the finest knives for fishing and hunting."

=American Outdoor Brands (AOBC) reported earnings on Thur 29 June 2017 (a/h)

• Smith & Wesson (SWHC) announced that it changed its name to American Outdoor Brands (AOBC) effective January 1, 2017.
    

• #15, 33, 53, 60, 70, 87 just before

American Outdoor Brands beats by $0.19, beats on revs; guides Q1 EPS and revs below consensus; guides FY18 EPS and rev below consensus :

• Reports Q4 (Apr) earnings of $0.57 per share, excluding non-recurring items, $0.19 better than the Capital IQ Consensus of $0.38; revenues rose 3.7% year/year to $229.2 mln vs the $210.82 mln Capital IQ Consensus.
• Co issues downside guidance for Q1, sees EPS of $0.07-0.12, excluding non-recurring items, vs. $0.31 Capital IQ Consensus Estimate; sees Q1 revs of $140-150 mln vs. $179.60 mln Capital IQ Consensus Estimate.
• Co issues downside guidance for FY18, sees EPS of $1.42-1.62, excluding non-recurring items, vs. $1.62 Capital IQ Consensus Estimate; sees FY18 revs of $750-790 mln vs. $832.48 mln Capital IQ Consensus Estimate. 
• "In our Firearms segment, we introduced several important new products, including the Smith & Wesson M&P M2.0, which is our next generation full size polymer pistol and an important platform for the addition of new M&P pistols that we plan to add in 2018 and beyond. Sales of our market-leading M&P Shield pistol designed for concealed carry remained strong. In the fourth quarter alone, we sold over 195,000 Shield units, reflecting tremendous consumer adoption rates and extraordinary market share gains. We also continued to leverage our flexible manufacturing model, allowing us to quickly respond to consumer market changes, capture revenue, and deliver healthy gross margins. In our Outdoor Products & Accessories segment, we completed three acquisitions that drove revenue growth and gross margin expansion, and marked important progress in expanding our business into new markets that resonate with our core firearm and rugged outdoor enthusiast consumers."
• Peer: RGR

=American Outdoor Brands (AOBC) reported earnings on Thur 2 March 17 (a/h)

American Outdoor Brands beats by $0.11, reports revs in-line; guides Q4 EPS and rev below consensus -- cuts FY17 outlook as sales cooled late in the quarter and into Q4:

• Reports Q3 (Jan) earnings of $0.66 per share, excluding non-recurring items, $0.11 better than the Capital IQ Consensus of $0.55; revenues rose 10.8% year/year to $233.5 mln vs the $235.06 mln Capital IQ Consensus.
• Co issues downside guidance for Q4, sees EPS of $0.32-0.42, excluding non-recurring items, vs. $0.57 Capital IQ Consensus Estimate; sees Q4 revs of $200-220 mln vs. $243.91 mln Capital IQ Consensus Estimate.
  • Lowers EPS to $2.33-2.43 from $2.42-2.47, excluding non-recurring items, vs. $2.43 Capital IQ Consensus; revs to $874-894 mln from $920-320 mln vs. $919.46 mln Capital IQ Consensus Estimate.
• "Toward the end of the quarter, consumer firearm purchasing began to cool -- a trend that underscores the importance of remaining focused on our strategy to continue growing and balancing our business across the shooting, hunting, and rugged outdoor enthusiast markets. In our Firearms segment, we attended the SHOT Show in January where we launched our next generation, full size M&P M2.0 pistol, significantly strengthening our growing family of innovative polymer pistols. Higher year-over-year revenue in the Outdoor Products & Accessories segment was driven largely by our acquisitions of Taylor Brands, LLC, Crimson Trace Corporation, and UST, all of which occurred in the current fiscal year, combined with organic segment revenue growth of 4.8%... During our third quarter, strong November results more than offset late-quarter declines in both NICS background checks and firearm product shipments. That late quarter shift in consumer demand patterns has since carried forward into our fiscal fourth quarter. Accordingly, we have updated our full year guidance."
• Peer: RGR

Smith & Wesson (SWHC) changed its name to American Outdoor Brands (AOBC)

• Smith & Wesson (SWHC) announced that it changed its name to American Outdoor Brands (AOBC) effective January 1, 2017.