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) 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.
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.