Solo Brands, Inc. (NYSE:DTC) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Bruce Williams - IR John Merris - CEO Somer Webb - CFO Conference Call Participants Peter Keith - Piper Sandler Chasen Bender - Citi Sabrina Baxamusa - William Blair Ryan Sigdahl - Craig-Hallum Capital Group Brian McNamara - Canaccord Genuity Operator Ladies and gentlemen, hello, and welcome to the Solo Brands Inc. Third Quarter Fiscal 2023 Financial Results. My name is Maxine, and I'll be coordina ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-40979 Solo Brands, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 87-1360865 I ...

Solo Brands, Inc. (NYSE:DTC) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Bruce Williams - IR John Merris - CEO Somer Webb - CFO Conference Call Participants Chasen Bender - Citi Peter Keith - Piper Sandler Phillip Blee - William Blair Madison Callinan - Canaccord Genuity, Inc. Operator Good morning, and welcome to the Solo Brands, Incorporated Second Quarter Fiscal 2023 Financial Results Call. [Operator Instructions] I would now like to turn the conference call over to ou ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION I.R.S. Employer Identification No. Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-40979 Solo Brands, Inc. (Exact Name of Registrant as Specified in its ...

Solo Brands, Inc. (NYSE:DTC) Q1 2023 Results Conference Call May 4, 2023 8:30 AM ET Company Participants Bruce Williams - IR John Merris - CEO Somer Webb - CFO Conference Call Participants Robby Ohmes - Bank of America Randy Konik - Jefferies Chasen Bender - Citi Matt Egger - Piper Sandler Operator Hello, everyone, and welcome to Solo Brands First Quarter Fiscal 2023 Financial Results. My name is Bruno, and I'll be the operator of today. [Operator Instructions] I will now hand over to your host, Bruce Willi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-40979 Solo Brands, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 87-1360865 I.R.S ...

Solo Brands, Inc. (NYSE:DTC) Q4 2022 Earnings Conference Call March 9, 2023 8:30 AM ET Company Participants Bruce Williams - IR John Merris - CEO Somer Webb - CFO Conference Call Participants Randy Konik - Jefferies Ryan Sundby - William Blair Matt Edgar - Piper Sandler Megan Alexander - JPMorgan Brian McNamara - Canaccord Genuity Operator Hello everyone. And welcome to the Solo Brands' Fourth Quarter Fiscal 2022 Financial Results. My name is Bruno, and I will be operating your call today. [Operator Instruc ...

Financial Performance - Net sales for the year ended December 31, 2022, reached $517.6 million, a 28.2% increase from $403.7 million in 2021[348]. - Gross profit for 2022 was $318.2 million, compared to $258.9 million in 2021, reflecting a gross margin of 61.4%[348]. - The company reported a net loss of $7.6 million for 2022, a significant decline from a net income of $56.5 million in 2021[348]. - Operating expenses increased to $317.8 million in 2022, up from $190.0 million in 2021, primarily due to higher selling, general, and administrative expenses[348]. - Cash flows from operating activities generated $32.4 million in 2022, contrasting with a cash outflow of $10.2 million in 2021[350]. - The company reported a net loss of $20.5 million for the year ended December 31, 2022, compared to a pro-forma net loss of $20.3 million for 2021[442]. - The total income (loss) before income taxes for 2022 was $(6,619) thousand, compared to $58,520 thousand in 2021[489]. - The basic and diluted net income (loss) per share of Class A common stock for 2022 was $(0.08), down from $0.17 in 2021[515]. Assets and Liabilities - As of December 31, 2022, the company reported total assets of $862.3 million, an increase from $837.7 million in 2021, reflecting a growth of approximately 2.3%[345]. - The company's inventory increased to $133.0 million in 2022 from $102.3 million in 2021, representing a rise of about 30.8%[345]. - Long-term debt decreased to $108.4 million in 2022 from $125.0 million in 2021, a reduction of approximately 13.3%[345]. - The company had total current liabilities of $67.0 million in 2022, compared to $46.6 million in 2021, marking an increase of approximately 43.7%[345]. - Accounts receivable increased to $26.2 million in 2022 from $21.5 million in 2021, reflecting a growth of about 21.9%[345]. - The cash and cash equivalents balance at the end of 2022 was $23.3 million, down from $25.1 million at the end of 2021[351]. - The total fair value of long-term debt, net, was $108.383 million as of December 31, 2022, down from $128.148 million in 2021[504]. Equity and Capital - The company reported a retained earnings (accumulated deficit) of $5.7 million in 2022, down from $10.7 million in 2021, indicating an improvement in financial health[345]. - The company has authorized 475 million shares of Class A common stock and 50 million shares of Class B common stock[506][507]. - Equity-based compensation expense for 2022 was $18.598 million, significantly up from $7.329 million in 2021[470]. - Unrecognized equity-based compensation as of December 31, 2022, totals $35.405 million[470]. Taxation - The total current income tax expense for 2022 was $11,502 thousand, significantly higher than $5,164 thousand in 2021[490]. - The company's effective income tax rate for 2022 was (15.11)%, a decrease from 3.44% in 2021[490]. - As of December 31, 2022, the company recorded valuation allowances of $26.9 million for deferred tax assets, a net increase of $0.4 million from $26.5 million in 2021[495]. Acquisitions - The acquisition of Oru Kayak, Inc. was completed for a total cash consideration of $25.4 million, with net sales of Oru contributing $28.2 million to consolidated revenues in 2022[431][433]. - The acquisition of International Surf Ventures, LLC was finalized for total consideration of $41.3 million, with net sales of ISLE amounting to $17.8 million in 2022[434][437]. - Chubbies, Inc. was acquired for a total consideration of $100.4 million in cash and $29.1 million in Class B units, aimed at expanding market share in casual and active wear[438]. Manufacturing and Operations - The majority of the camp stoves and fire pits are currently made in China by one manufacturer, with additional manufacturing capacity between two separate manufacturers in China[379]. - The Company organizes its operations as a single reportable segment focused on outdoor consumer products[380]. - The Company primarily engages in direct-to-consumer transactions and business-to-business transactions, with performance obligations satisfied at the point of shipment[400][401]. Research and Development - Research and development expenses for the Successor years ended December 31, 2022, and December 31, 2021, were $1.1 million and $0.3 million, respectively, indicating a significant increase of 266.67%[411]. Goodwill and Impairment - The company recorded a goodwill impairment charge of $27.9 million in 2022, reducing the carrying value of goodwill to $382.7 million[451]. - Goodwill recognized from the acquisition of Oru Kayak was $18.8 million, reflecting expected future revenue growth and synergies[432]. - Goodwill recognized from the acquisition of ISLE was $29.6 million, also reflecting anticipated future revenue growth and synergies[435]. - The total identifiable net assets acquired from Chubbies amounted to $56.9 million, with goodwill recorded at $73.1 million, resulting in a total acquisition value of $130.1 million[440].

Solo Brands, Inc. (NYSE:DTC) Q3 2022 Earnings Conference Call November 10, 2022 9:00 AM ET Company Participants Bruce Williams - ICR, IR John Merris - Chief Executive Officer Somer Webb - Chief Financial Officer Conference Call Participants Robby Ohmes - Bank of America Peter Keith - Piper Sandler Randy Konik - Jefferies Chris Horvers - JPMorgan Ryan Sundby - William Blair Chasen Bender - Citi Operator Good morning. Welcome to the Solo Brands, Inc. Third Quarter Fiscal 2022 Financial Results Call. My name i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-40979 Solo Brands, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 87-1360865 | ...