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. (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.