Welcome to our dedicated page for Smith & Wesson Brands news (Ticker: SWBI), a resource for investors and traders seeking the latest updates and insights on Smith & Wesson Brands stock.
Smith & Wesson Brands, Inc. (NASDAQ: SWBI) is a U.S.-based firearm manufacturing and design company in the small arms and ordnance accessories sector. This news page aggregates the company’s publicly released updates and financial communications, giving investors and observers a single view into its recent performance and corporate activity.
Recent news for Smith & Wesson Brands, Inc. has focused heavily on quarterly and annual financial results. The company regularly issues press releases detailing net sales, gross margin, GAAP net income or loss, non-GAAP net income, and Adjusted EBITDAS. These releases often include commentary from management on demand trends for its handgun, long gun, sporting rifle, and suppressor products, as well as discussion of inventory levels, operating efficiency, and cash flow from operations.
Another recurring theme in SWBI news is capital allocation. The company frequently announces board authorization of a quarterly cash dividend, specifying the per-share amount, record date, and payment date. In some periods, it also reports on share repurchase authorizations and changes to its credit facilities, such as the Second Amended and Restated Credit Agreement and subsequent amendments described in Form 8-K filings.
Corporate governance and shareholder matters also appear in the news flow. Alerts and follow-up releases announce the timing of earnings conference calls and webcasts, while proxy-related communications and 8-K filings cover the annual meeting of stockholders, election of directors, advisory say-on-pay votes, and ratification of the independent registered public accounting firm.
For anyone tracking SWBI, this news feed provides a structured view of the company’s earnings announcements, capital structure developments, and governance-related disclosures over time.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
On April 6, 2023, American Outdoor Brands, Inc. (NASDAQ: AOUT) reached a settlement with Good Sportsman Marketing, LLC (GSM) regarding trademark and patent infringement claims initiated in October 2022. The case involved GSM's unauthorized use of AOB's trademarks, including LEAD SLED®, TACKDRIVER®, and DEAD SHOT®, concerning its Alpha Shooting Rest product. As part of the settlement, GSM will compensate AOB and cease all sales and marketing of the Alpha Shooting Rest. Additionally, a permanent injunction was issued by the U.S. District Court for Delaware to prevent future infringements. AOB's President, Brian Murphy, emphasized the importance of innovation and protection of intellectual property for the company's growth strategy.
Smith & Wesson Brands, Inc. (SWBI) reported Q2 fiscal 2023 net sales of $121.0 million, a decrease of 47.5% from the previous year, but a 6.4% increase from pre-pandemic levels in fiscal 2020. The gross margin was 32.4%, down from 44.3% year-over-year, with adjusted EBITDAS at $25.6 million (21.1% margin). GAAP net income dropped to $9.6 million ($0.21/share) from $50.9 million ($1.05/share) last year. Despite a dip in consumer demand for firearms, the company remains focused on long-term profitability and has authorized a $0.10 quarterly dividend.
Smith & Wesson Brands, Inc. (SWBI) plans to release its second quarter fiscal 2023 financial results on December 6, 2022, after market close. The company will host a conference call at 5:00 p.m. ET to discuss these results, featuring CEO Mark Smith and CFO Deana McPherson. The full press release will be accessible on their website under Investor Relations.
Smith & Wesson Brands, Inc. (SWBI) reported Q1 fiscal 2023 results with net sales of $84.4 million, a significant decline of 69.3% year-over-year. Gross margin stood at 37.3%, down from 47.3% last year. The company posted a GAAP net income of $3.3 million ($0.07 per share), compared to $76.9 million ($1.57 per share) in the same quarter last year. Despite lower sales, the cash position remains strong at $110.5 million with no debt. A quarterly dividend of $0.10 per share has been authorized for stockholders.
FAQ
What is the current stock price of Smith & Wesson Brands (SWBI)?
What is the market cap of Smith & Wesson Brands (SWBI)?
