Smith & Wesson Brands, Inc. reports recurring developments in firearm manufacturing and design, including quarterly operating results, product-demand commentary, and conference-call updates for its common stock listed as SWBI on the Nasdaq Global Select Market.
The company sells handguns, long guns, and suppressor products under the Smith & Wesson and Gemtech brands for consumer and professional markets, and also provides forging and machining services to third parties. News releases commonly discuss net sales, margins, GAAP and non-GAAP earnings, Adjusted EBITDAS, operating cash flow, inventory management, new-product sales contribution, market share, and conditions in the firearms market.
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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