Solo Brands Q2 net income surges 158% to $11.5M; raises FY EBITDA margin guide

Solo Brands, Inc.

2023-Q2 EPS reported $0.13 revenue$219,134,000

Net sales $130.9M (-3.7% YoY); net income $11.5M (+157.9%); adjusted EPS $0.22.
Adjusted EBITDA $25.0M (+5.6%); margin 19.1% vs. 17.4% a year ago.
Wholesale rev +57% to $31.3M; direct-to-consumer -14.2% to $99.7M.
Raises FY2023 adj. EBITDA margin guide to 17-18% (prev 16.5-17.5%); revenue still $520-540M.
Cash $60.6M; $300M available on $350M revolver; inventory down 14.5% to $113.7M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Solo Brands, Inc. reported fiscal quarter ended June 30, 2023 results: revenue $130.9 million, net income $11.5 million, EPS $0.12. Guidance raised.

Period: fiscal quarter ended June 30, 2023
Revenue: $130.9 million
Net income: $11.5 million
EPS: $0.12
Guidance: raised
Result: reported results

Exact text from the filing

today announced its financial results for the three and six month periods ended June 30, 2023. Second Quarter 2023 Highlights Compared to Second Quarter 2022 • Net sales of $130.9 million, down $5.1 million or 3.7% • Net income of $11.5 million, up $31.4 million or 157.9% • Income (loss) per Class A common stock - basic and diluted of $0.12, up $0.31 • Adjusted

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Source: SEC EDGAR

accession 0001870600-23-000041

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