Solo Brands’ Post

Just in—our latest earnings report is out, and the numbers speak for themselves! We are happy to report strong third-quarter results with 9% base sales growth and 18th consecutive quarter of growth-over-market. 💪 Explore the complete Q3 report here: bit.ly/3QfcwuR

Monday quarter $MNDY - $203m rev (+35% YoY) vs $198m consensus (3% beat) - $209m next Q guidance vs $209m consensus - $929m full year guide vs $928m consensus - 110% net dollar retention - 27 months GM adj. CAC payback - 89% GM - 27% FCF Margin Quarterly net new ARR trends below

STRONG GROWTH DRIVES INCREASED PROFITABILITY... Q2 numbers are out – see video comments by CEO Daniel Ljunggren Q2 ·      Net sales increased by 144% to SEK 288.8 million (118.5). ·      The gross margin was 50% (49). ·      Adjusted EBITDA amounted to SEK 47.7 million (-9.6) = adjusted operating margin of 16.5% ·      Order intake increased by 11% to SEK 285.5 million   January - June 2023 ·      Net sales increased by 120% to SEK 572.0 million (259.8). ·      The gross margin was 48% (48). ·      Adjusted EBITDA amounted to SEK 81.7 million (-3.3) = adjusted operating margin of 14.3% ·      Order intake increased by 74% to SEK 628.4 million (360.3). ·      Order backlog increased by 41% to SEK 1,288 million See full report on our website. With Olof Engvall Evelina Hedskog ♦️Per Björnson Ola Alfredsson Karin Svalander Fredrik Persson Fredrik Jacobsson Henning Linnebjerg

𝐒𝐀𝐅-𝐇𝐎𝐋𝐋𝐀𝐍𝐃 𝐰𝐢𝐭𝐡 𝐚 𝐬𝐨𝐥𝐢𝐝 𝐬𝐭𝐚𝐫𝐭 𝐭𝐨 𝐟𝐢𝐬𝐜𝐚𝐥 𝐲𝐞𝐚𝐫 𝟮𝟬𝟮𝟰: 𝐀𝐝𝐣𝐮𝐬𝐭𝐞𝐝 𝐄𝐁𝐈𝐓 𝐦𝐚𝐫𝐠𝐢𝐧 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭𝐥𝐲 𝐢𝐦𝐩𝐫𝐨𝐯𝐞𝐝 𝐭𝐨 𝟵.𝟲% 𝐢𝐧 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐪𝐮𝐚𝐫𝐭𝐞𝐫 – 𝐟𝐮𝐥𝐥-𝐲𝐞𝐚𝐫 𝐠𝐮𝐢𝐝𝐚𝐧𝐜𝐞 𝐜𝐨𝐧𝐟𝐢𝐫𝐦𝐞𝐝    · Group sales increase by 5.2% to EUR 505.4 million (previous year: EUR 480.4 million) · Adjusted EBIT margin significantly improved to 9.6% (previous year: 9.0%) · Result for the period grows by 35.8% to EUR 26.5 million (previous year: EUR 19.5 million) · Leverage ratio of 1.9 remains below the target figure of 2.0 · Outlook for fiscal year 2024 confirmed Read more: https://lnkd.in/ekCeZW-t

As we've reached the conclusion of the 3Q of 2023, take a moment to view our latest insights and key takeaways from the Exit 8A submarket in the video below. You can also visit our website to get up to date with the entire 3Q 2023 Industrial Report: https://ow.ly/9TjS50PSBT5

We have again reported strong revenue and earnings growth, in line with our guidance, with positive performance in all regions and across both B2B and Consumer Services. Total revenue growth from ongoing activities was in line with our expectations at 6% at actual exchange rates and 5% at constant exchange rates with organic revenue growth of 5%. All our regions contributed positively to today’s results supported by our broad range of capabilities and strong position in high growth markets. https://shorturl.at/aeowC

Reece Group delivered a strong result for FY23. Despite softening economic conditions in FY23, group sales revenue was up 16% on the prior year to $8.8 billion. Adjusted earnings before interest and tax was up 19% to $668 million and adjusted net profit after tax increased by 11% to $405 million.  Peter Wilson, Group CEO, said: “FY23 has been another strong year for Reece, despite a moderation in inflation and reduction in demand from peak levels over the past few years. As ever, we focused on delivering our customer promise and our vision to be our trade’s most valuable partner.” “Looking ahead, our markets are clearly softening, and customer demand trends are mixed. Our assumption is that inflation will moderate further, and volumes will continue to decline. In this setting, we will maintain our disciplined approach to cost while investing to build a stronger business through the cycle. We are able to take a very long-term view and will maintain our focus on executing our strategy to 2030 and beyond.” Read on: https://lnkd.in/gsKxXw_H

Today we released our 2023 Preliminary Results, reporting 31% growth in adjusted operating profit, and 5% growth in underlying sales. This marks another year of strong operational and financial performance.   Read in full: https://lnkd.in/e2CFsNd9

DCIO firms have seen actual sales and activity pick up throughout the year (see chart below) and they expect strong sales activity to continue into 2024.   The big concern for DCIOs is allocating budget and resources to a smaller number of the best-fit opportunities. “Budget tightening” has been a consistent theme in conversations with almost every DCIO leader, and they’re laser-focused on investing in sales partnerships (with aggregators, brokers, and recordkeepers) with the best ROI.    Members, follow this link for more insights: https://lnkd.in/gCAe38wc   #definedcontribution #2024planning #partnerships #sales