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 (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.
Smith & Wesson Brands, Inc. (NASDAQ: SWBI) announced the release date for its first quarter fiscal 2021 financial results, scheduled for September 3, 2020, after market close. The announcement will be followed by a conference call at 5:00 PM ET, where CEO Mark Smith and CFO Deana McPherson will discuss the results. Interested parties can access the call via phone or web. The full press release will be available on the company's investor relations page.
Smith & Wesson Brands, Inc. (NASDAQ: SWBI) announced the successful spin-off of its outdoor products and accessories division, now operating as American Outdoor Brands, Inc. (AOUT). The distribution occurred at 12:01 a.m. ET on August 24, 2020, with shareholders receiving one AOUT share for every four SWBI shares held as of August 10, 2020. This tax-free spin-off requires no action from SWBI shareholders. SWBI continues its operations as a leading firearm manufacturer, providing a wide range of products.
Smith & Wesson Brands, Inc. (SWBI) reported Q4 fiscal 2020 net sales of $233.6 million, up 32.9% year-over-year, supported by favorable tax timing changes. However, the company recorded a GAAP net loss of $(66.1) million, significantly impacted by a $98.7 million non-cash impairment charge in its Outdoor Products segment due to COVID-19. Non-GAAP net income was $31.9 million, or $0.57 per diluted share. For the full year, net sales reached $678.4 million, a 6.3% increase. The company is preparing for a spin-off of its Outdoor Products segment, enhancing focus on its firearms business.