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) 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.