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.
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.
Smith & Wesson Brands, Inc. (NASDAQ: SWBI) will release its third quarter fiscal 2021 financial results on March 4, 2021, after the market close. A conference call to discuss these results will also take place on the same day at 5:00 PM ET, featuring its President and CEO Mark Smith and CFO Deana McPherson. Investors can access the call via phone or through the company's website. This announcement signals the company's ongoing commitment to transparency and engagement with shareholders.