Smith & Wesson Brands Inc Stock Price, News & Analysis

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.

Smith & Wesson Brands, Inc. (SWBI) reported a record-breaking second quarter for fiscal year 2021, ending October 31, 2020. Quarterly net sales surged to $248.7 million, up 118.7% from the previous year, with a gross margin increase to 40.6%. GAAP income was $49.1 million or $0.87 per diluted share, compared to $343,000 or $0.01 the previous year. Non-GAAP income reached $52.8 million, and the company maintained $55.5 million in cash with zero bank debt. A $0.05 per share dividend was also authorized.

Smith & Wesson Brands, Inc. (NASDAQ: SWBI) announced its plans to release Q2 fiscal 2021 financial results on December 3, 2020, after market close. A conference call will follow at 5:00 PM ET, featuring CEO Mark Smith and CFO Deana McPherson, discussing financial and operational outcomes. The release will be available on the company's Investor Relations webpage. Smith & Wesson is a leading U.S. firearm manufacturer, known for its quality gun products and manufacturing services.

Smith & Wesson Brands, Inc. (SWBI) announced a record-breaking first quarter for fiscal 2021, reporting net sales of $278.0 million, a significant increase of 124.8% compared to the previous year. The firearms segment achieved gross sales of $229.9 million, up 140.9%, and gross margin improved to 42.0%. The company also reported a quarterly GAAP net income of $48.4 million, or $0.86 per diluted share. Following the recent spin-off of its Outdoor Products segment, SWBI declared a quarterly cash dividend of $0.05 per share, payable on October 1, 2020.

American Outdoor Brands completed its spin-off from Smith & Wesson Brands on August 24, 2020, becoming a standalone company trading under the ticker 'AOUT' on NASDAQ. The company specializes in outdoor products for enthusiasts, including hunting and camping gear, with a diverse portfolio of 20 brands. American Outdoor Brands has invested in infrastructure improvements, such as a new distribution center and e-commerce platform, aiming for future growth through its 'Dock & Unlock' strategy. The CEO emphasized the company’s dedication to outdoor adventures during their first trading day.