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American Outdoor Brands profit beats consensus by 32.3% in fiscal Q2

American Outdoor Brands Corp. said its normalized net income for the fiscal second quarter ended Oct. 31 amounted to 9 cents per share, compared with the S&P Capital IQ consensus estimate of 7 cents per share.

EPS decreased 66.9% year over year from 27 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.0 million, a decrease of 70.4% from $16.7 million in the prior-year period.

The normalized profit margin fell to 4.5% from 12.0% in the year-earlier period.

Total revenue decreased 22.1% on an annual basis to $108.4 million from $139.3 million, and total operating expenses fell 11.7% from the prior-year period to $97.6 million from $110.5 million.

Reported net income fell 71.2% on an annual basis to $4.9 million, or 9 cents per share, from $17.1 million, or 28 cents per share.