Investor Presentaiton
Q1 FY24 Financial Results
Sales decline driven by lower shipments across nearly all categories in Sporting Products and declines in the
organic Outdoor Products businesses
Adjusted EBITDA margins decreased due to lower gross profit, partially offset by decreased selling costs, in
both Sporting Products and the organic Outdoor Products businesses
Strong Adjusted Free Cash Flow of $75 million in Q1
OVISTA OUTDOOR
($ in millions, except per share data)
Q1 FY23
Q1 FY24
YoY%
Sales
$803
$693
(14%)
Gross Profit
$293
$227
(23%)
Operating Expense
$110
$125
14%
Op Expense % sales
14%
18%
437 bps
Operating Income
$183
$101
(45%)
Operating Margin %
23%
15%
-823 bps
EBITDA
$203
$126
(38%)
EBITDA Margin %
25%
18%
-704 bps
Other (Inc)/Exp
$0
$1
Interest Expense
$6
$16
157%
Net Income
Tax Rate
Earnings Per Share
$135
$65
(51%)
24%
23%
-127 bps
$2.31
$1.12
(52%)
Free Cash Flow
$110
$75
(32%)
All results, except for Sales and Gross Profit, are shown on an as adjusted
basis, a non-GAAP financial measure. See reconciliation tables for details. In
addition, amounts included in the table may differ due to rounding
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