Smith & Wesson Brands Inc Stock Price, News & Analysis

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.

Smith & Wesson Brands (NASDAQ: SWBI) will present at Lake Street Capital Markets Virtual Outdoor Day on January 21, 2021. CEO Mark Smith and CFO Deana McPherson will lead the session, which includes a Q&A with analysts. The event aims to connect publicly traded outdoor companies with institutional investors in an interactive format.

Lake Street Capital, founded in 2012, specializes in high-growth industries and provides investment banking services, including capital access and M&A advice. For more details, visit their website.

Smith & Wesson Brands (NASDAQ: SWBI) has authorized a stock repurchase plan of up to $50 million through December 14, 2021. The actual repurchases will vary based on factors like market conditions and trading volume. This decision aligns with the company's strategy to return excess capital to shareholders, building on their earlier announcement of a dividend. CEO Mark Smith emphasized the board's commitment to enhancing shareholder value.