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Smith & Wesson Brands, Inc. (SWBI) is a leading U.S.-based firearm manufacturer, renowned for its legendary brand and innovative designs. Founded in 1852, the company's deep-rooted heritage is closely tied to revolvers, which have become a hallmark of the Smith & Wesson name. Over the years, the company has diversified its product line to include polymer pistols, with the M&P Shield being one of the market's most popular full-size models.
Headquartered in Springfield, Massachusetts, Smith & Wesson serves a broad customer base that spans global military, law enforcement, and consumer markets. The company's brand portfolio includes Smith & Wesson®, M&P®, Thompson/Center Arms™, Performance Center, and Gemtech®, all catering to various applications such as defense, law enforcement, hunting, and sporting.
Smith & Wesson operates under one reportable segment: Firearms, comprising the manufacturing and distribution of handguns, long guns, sporting rifles, shooting gear, and suppressor products. While the company has a significant footprint in the U.S. market, it also extends its reach internationally, enabling a global presence.
Recent achievements highlight Smith & Wesson's financial stability and commitment to innovation. The company consistently delivers strong financial results, with substantial income generated from its handgun products. For instance, in the first quarter of fiscal 2024, Smith & Wesson reported robust consumer demand and maintained healthy inventory levels, setting a solid foundation for the traditionally busy fall season.
The company's strategic initiatives include ongoing new product introductions and maintaining lean channel inventories to meet market demand efficiently. Smith & Wesson's manufacturing services extend beyond firearms to include forging, machining, and precision plastic injection molding, further diversifying its revenue streams.
Smith & Wesson remains dedicated to leveraging its iconic brand, innovative products, and new state-of-the-art facility in Maryville, Tennessee, to deliver value to its stockholders. With a strong balance sheet and a committed workforce, the company is well-positioned for continued growth and excellence in the firearms industry.
Smith & Wesson (NASDAQ: SWBI) reported Q2 fiscal 2025 financial results with net sales of $129.7 million, showing a 3.8% increase year-over-year and a 46.8% sequential increase. The company achieved a gross margin of 26.6% and GAAP earnings per share of $0.09, compared to $0.05 in the previous year.
Despite outperforming the market with new products representing 44% of sales, the company faced demand normalization late in the quarter, primarily due to inflation affecting consumer discretionary spending. Management expects Q3 top line to be 10-15% lower than fiscal 2024. The Board authorized a new $50 million share repurchase program and declared a quarterly dividend of $0.13 per share.
Smith & Wesson Brands (NASDAQ: SWBI) announced it will release its second quarter fiscal 2025 financial results on Thursday, December 5, 2024, after market close. The company will host a conference call and webcast on the same day to discuss the results. Mark Smith, President and CEO, and Deana McPherson, Executive VP and CFO, will be the speakers during the conference call.
Smith & Wesson Brands (NASDAQ: SWBI) reported Q1 fiscal 2025 results with net sales of $88.3 million, down 22.7% year-over-year. The company posted a GAAP net loss of $0.05 per share and a non-GAAP net loss of $0.02 per share. Despite softer-than-anticipated firearms demand, SWBI maintained profitability with a gross margin of 27.4% and non-GAAP Adjusted EBITDAS margin of 11.2%. Management expects full-year revenue growth in the mid-to-high single digits compared to fiscal 2024. The Board authorized a new $50 million stock repurchase program and declared a quarterly dividend of $0.13 per share.
Smith & Wesson Brands, Inc. (NASDAQ: SWBI), a leading U.S. firearm manufacturer, has announced the upcoming release of its first quarter fiscal 2025 financial results. The company will disclose these results on Thursday, September 5, 2024, after market close. Following the release, SWBI will host a conference call and webcast to discuss the financial and operational outcomes.
Key participants in the conference call will include Mark Smith, President and CEO, and Deana McPherson, Executive VP and CFO. Investors and interested parties can access the full press release on the company's website under the Investor Relations section. This event marks an important milestone for SWBI as it provides insights into the company's performance at the start of its fiscal year 2025.
Smith & Wesson Brands (NASDAQ: SWBI) reported its Q4 and full fiscal year 2024 financial results. Q4 net sales increased 9.9% to $159.1 million, with a gross margin of 35.5%. GAAP net income was $26.1 million, or $0.57 per diluted share. Non-GAAP net income was $20.9 million, or $0.45 per diluted share. For the full year, net sales rose 11.8% to $535.8 million, though the gross margin decreased to 29.5%. GAAP net income was $39.6 million, and non-GAAP net income was $42.6 million. The company authorized an 8.3% increase in quarterly dividends. Despite a competitive market, Smith & Wesson plans to grow net sales and gross margin in FY 2025.
Smith & Wesson Brands (NASDAQ: SWBI) announced plans to release its fourth quarter and full fiscal 2024 financial results on June 20, 2024, after market close. The announcement will be available on the company's website under the Investor Relations section. A conference call and webcast will be held on the same day to discuss the financial and operational results. Speakers will include President and CEO Mark Smith, and CFO Deana McPherson.
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