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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 Brands, Inc. (NASDAQ: SWBI) will announce its first quarter fiscal 2023 financial results on September 8, 2022, after market close. A conference call will follow at 5:00 PM ET, featuring CEO Mark Smith and CFO Deana McPherson. Investors can register in advance and access the live and archived webcasts on the investor relations section of the Smith & Wesson website. The press release can be found on their official site as well.
Smith & Wesson Brands, Inc. (SWBI) reported a Q4 net sales of $181.3 million, a 43.9% decrease year-over-year. The gross margin was 39.8%, down from 45.1% a year prior. The Q4 EPS was $0.79, compared to $1.70 the previous year. For the full year, net sales totaled $864.1 million, an 18.4% decline. However, the company continues to maintain a strong balance sheet with $120.7 million in cash and no debt. The Board approved a 25% increase in the quarterly dividend to $0.10 per share, reflecting confidence in future cash flows.
Smith & Wesson Brands, Inc. (NASDAQ: SWBI) plans to release its fourth quarter and full fiscal 2022 financial results on June 23, 2022, after market close. A conference call will occur the same day at 5:00 p.m. ET, featuring CEO Mark Smith and CFO Deana McPherson to discuss the results, which may include forward-looking statements. Interested parties can listen via telephone or access the audio webcast on the company's website.
Smith & Wesson Brands (NASDAQ: SWBI) reported its fiscal Q3 2022 results, showing net sales of $177.7 million, down 31% year-over-year. However, this represents a 139.5% increase compared to Q3 2020. Gross margin declined to 39.6% from 42.6% in the previous year. Quarterly GAAP net income was $30.5 million ($0.65 per share), down from $62.3 million ($1.12 per share), while non-GAAP net income was $32.9 million ($0.69 per share). The company purchased 2.8 million shares for $50 million and remains debt-free with over $107 million in cash.
Smith & Wesson Brands, Inc. (NASDAQ: SWBI) announced its third quarter fiscal 2022 financial results will be released on March 3, 2022, after market close. A conference call will follow at 5:00 p.m. ET, featuring CEO Mark Smith and CFO Deana McPherson. Investors can access the call via phone or live webcast. Smith & Wesson is recognized for its firearm manufacturing and design, with a diverse product portfolio, including handguns and suppressors. The full press release will be available on their website under Investor Relations.
Smith & Wesson Brands, Inc. (SWBI) reported its Q2 fiscal 2022 earnings, with net sales of $230.5 million, down 7.3% year-over-year. Despite this revenue decline, the company achieved a gross margin increase to 44.3%, leading to a GAAP net income of $50.9 million, or $1.05 per diluted share, compared to $49.1 million, or $0.87 per diluted share in the prior year. Non-GAAP net income also rose, supported by a strong flexible manufacturing model. The company continues its relocation to Tennessee, aiming for enhanced operational capabilities.
Smith & Wesson Brands, Inc. (NASDAQ: SWBI) announces the release of its second quarter fiscal 2022 financial results on December 2, 2021, after market close. A conference call to discuss these results will be held the same day at 5:00 p.m. ET, featuring key executives, including President and CEO Mark Smith. Investors can access the results on the company’s website under Investor Relations.
Smith & Wesson Brands (SWBI) announced its decision to relocate its headquarters and operations to Maryville, Tennessee, in 2023. The move is a response to proposed legislation in Massachusetts that could restrict the manufacturing of certain firearms, which accounted for over 60% of the company's revenue last year. The relocation will involve transferring 750 jobs and consolidating operations, reducing the number of facilities from four to three. A total investment of $120 million is projected, which is expected to positively impact earnings per share by $0.10 to $0.12 annually once fully operational.
Smith & Wesson Brands, Inc. (SWBI) reported a record-breaking first quarter for fiscal 2022, ending July 31, 2021. Net sales reached $274.6 million, marking a 19.5% increase year-over-year. The company achieved a gross margin of 47.3%, up from 40.2% in the previous year. Quarterly GAAP net income was $76.9 million ($1.57 per diluted share), compared to $43.3 million ($0.77 per diluted share) last year. The launch of the new M&P12 shotgun generated significant consumer interest, with over 3 million impressions within the first 24 hours. The company also announced a quarterly dividend of $0.08 per share.
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