Solo Brands reported a $924,000 net profit against a loss of $2,035,000 in the first quarter as revenues for the parent of Oru Kayak, Isle paddleboards, Chubbies apparel and Solo Stoves rose by 7% to $88,207,000 from $82,203,000. With the results, the Texas company re-affirmed its FY23 guidance. Annual revenues, based on the current market environment, are forecast to come in at the midpoint of a $520 to $540 million range. The annual adjusted EBITDA margin, meanwhile, is estimated at 16.5% to 17.5%.

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