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. 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, 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.
Smith & Wesson Brands, Inc. (SWBI) announced its first-quarter fiscal 2022 financial results will be released on September 1, 2021, after market close. A conference call will follow at 5:00 p.m. ET to discuss the results, featuring CEO Mark Smith and CFO Deana McPherson. Interested parties can listen live by phone or through the company's website. The event may include forward-looking statements, highlighting potential insights into the company’s operational performance and future outlook.
Smith & Wesson Brands, Inc. (SWBI) reported strong financial results for the fourth quarter and full fiscal year 2021, ending April 30, 2021. Q4 net sales soared to $322.9 million, up 67.3% year-over-year, with a record GAAP net income of $89.2 million ($1.70/share). For the full year, sales reached $1.1 billion, doubling the previous year, with GAAP net income of $243.6 million ($4.40/share). Gross margins improved significantly to 45.1% for Q4 and 42.4% for the year. Additionally, a new $50 million share repurchase program and a 60% increase in dividends were announced, reflecting strong financial health.
Smith & Wesson Brands (NASDAQ: SWBI) has announced an analyst day set for June 18, 2021, focusing on the company's long-term strategy. The event will feature presentations from Mark Smith, President and CEO, and Deana McPherson, Executive Vice President and CFO. It will begin at 9:00 a.m. Eastern Time. Interested analysts can participate via telephone by calling (888) 475-4499 with the identification number 943 1483 7811. Presentation materials will be accessible live on the company’s website.
Smith & Wesson Brands, Inc. (SWBI) announced plans to release its fourth quarter fiscal 2021 financial results on June 17, 2021, after market close. Investors can access the full press release on the company's website. A conference call will follow on the same day at 5:00 p.m. ET, featuring CEO Mark Smith and CFO Deana McPherson, discussing financial and operational results. The conference call will include forward-looking statements and can be accessed via telephone or live webcast.
Smith & Wesson Brands, Inc. (NASDAQ: SWBI) announced the appointments of Fred M. Diaz and Denis G. Suggs to its Board of Directors. Both directors bring extensive experience from leadership positions in various industries. Diaz previously led Mitsubishi Motors North America, while Suggs served as CEO for LCP Transportation. With these additions, the board now comprises eight members, with seven being independent. The chairman expressed enthusiasm for their contributions amidst ongoing strategies to enhance profitability for shareholders.
Smith & Wesson Brands, Inc. (NASDAQ: SWBI) announced on May 3, 2021, its intent to divest the Thompson/Center Arms brand as part of its strategic focus on core operations. This decision, according to CEO Mark P. Smith, aims to enhance production capacity and profitability without workforce reductions. Although no buyer has been identified, the divestiture is not expected to significantly impact Q1 fiscal year 2022 results. The company anticipates improved margins and reduced marketing costs, positioning itself to capture greater market share in the firearm industry.
Smith & Wesson Brands, Inc. (SWBI) reported a record third quarter for fiscal 2021, with net sales of $257.6 million, a 102.2% increase year-over-year. The gross margin improved to 42.6% from 28% in the previous year. GAAP net income soared to $62.3 million ($1.12 per diluted share), up from $4.2 million ($0.08 per diluted share) in Q3 2020. The company generated $60 million in cash from operations and announced a new $100 million share repurchase program and a $0.05 per share dividend.