SMITH & WESSON BRANDS, INC. (SWBI) SEC Filings

Smith & Wesson Brands, Inc. (SWBI) reported first quarter fiscal 2027 net sales of $112.6 million, an increase of 32.3% from the prior-year quarter. Gross margin improved to 28.7% from 25.9%, helped by a $2.9 million non-recurring tariff refund that added about 260 basis points.

The company generated GAAP and non-GAAP net income of $2.6 million, or $0.06 per diluted share, versus a net loss of $3.4 million, or $0.08 per share, a year ago. Non-GAAP Adjusted EBITDAS was $13.8 million, or 12.2% of net sales, up from $7.4 million, or 8.7%.

Despite better earnings, cash flow remained pressured, with free cash flow of -$20.8 million, reflecting higher inventory and capital expenditures. Notes and loans payable increased to $39.2 million. The board authorized a $0.13 per-share quarterly dividend. Management expects second-quarter sales to be roughly 10% above last year and full-year fiscal 2027 revenue to grow 5–7% over fiscal 2026.

Smith & Wesson Brands, Inc. plans a virtual 2026 annual stockholder meeting at 10:00 a.m. Eastern on September 15, 2026, with holders of record on July 24, 2026 entitled to vote. Items include electing six of seven incumbent directors, an advisory say-on-pay vote, and ratifying the independent auditor.

The board is majority independent, uses majority voting in uncontested elections, offers proxy access (3% ownership for three years, up to 20 holders), and lets holders of 25% of shares request special meetings. Committees oversee audit, compensation, nominations/governance, and sustainability matters, with explicit oversight of cybersecurity and artificial intelligence risks.

Non-employee directors receive a cash retainer of $87,000 plus role-based fees and RSUs for 12,711 shares, subject to ownership guidelines and anti-hedging rules. Named executive officers follow a pay-for-performance structure: fiscal 2026 base salaries were largely unchanged, while annual cash bonuses paid at 121.8% of target based on Adjusted EBITDAS, Net Sales, and strategic goals such as new-product sales and employee turnover. Long-term incentives are split between three-year vesting RSUs and PSUs tied to multi-year Adjusted EBITDAS growth and relative total stockholder return; PSU awards from 2023 did not vest due to share-price underperformance versus the Russell 2000 Index. The company maintains a clawback policy and stock ownership requirements for directors and executives.

Smith & Wesson Brands, Inc. used its 2026 investor day to describe how it has reshaped into a focused firearms manufacturer with multiple growth avenues. Management highlighted transformation steps since 2020, including the Tennessee headquarters and manufacturing consolidation, digital and analytics investments, and expansion into new product platforms such as the Bodyguard 2.0 pistol and Model 1854 lever‑action rifles.

For fiscal 2026, the company reported firearms shipments rising 12.7% year over year, net revenue growth of more than 10% year over year, and growth in net income. New products drove 38.1% of revenue, average selling prices across all products have increased 39.1% since 2020, and Performance Center sales have grown 88.8% over the same period. Strategy going forward centers on protecting leadership in handguns and modern sporting rifles, deepening commercial customer relationships, expanding professional channels that shipped 58,000 units across more than 625 agencies in FY26, and building newer categories such as lever‑action rifles and suppressors, where revenue grew 95.6% in the first half of 2026 after elimination of the NFA tax stamp fee.

Smith & Wesson Brands, Inc. files its annual report for fiscal 2026, outlining its firearm-focused business and strategy to be the market leader through brand strength and continual new product launches. The company generated $114.2 million in cash from operations in fiscal 2026.

Management reports using this cash to invest $28.2 million in property, equipment, patents, and marketable securities, pay $23.2 million in dividends, and reduce borrowings on its revolving credit line by $60.0 million. The filing highlights ongoing product innovation across handguns, long guns, and Gemtech suppressors, expansion of digital marketing and e-commerce, and the new Smith & Wesson Academy for training and brand engagement.

The report also provides a detailed risk discussion, emphasizing exposure to economic conditions, inflation, extensive firearm regulation, environmental and trade compliance, and litigation. It notes marketing spend of $13.7 million and R&D of $10.3 million, a workforce of 1,386 employees, and 44,727,068 common shares outstanding as of June 15, 2026.

SMITH & WESSON BRANDS, INC. Vice President of Marketing Kyle Tengwall reported a tax-related share disposition. On June 15, 2026, 7,721 shares of common stock were withheld by the company at $14.35 per share to satisfy tax withholding obligations tied to vesting restricted stock units.

After this withholding, Tengwall directly held 147,517 shares of common stock. The filing indicates this was a payment of tax liability by delivering securities, not an open-market sale.

Smith & Wesson Brands, Inc. reported strong fourth quarter and full fiscal 2026 results, with Q4 net sales of $178.4 million, up 26.7% from the prior year. Net income for the quarter rose to $16.2 million, while diluted EPS reached $0.36, nearly double the prior-year quarter.

For fiscal 2026, net sales were $523.8 million and net income was $18.5 million, with non‑GAAP adjusted EBITDAS of $69.2 million. Free cash flow improved sharply to $90.4 million, driven in part by lower inventories and stronger receivables collections. Notes and loans payable decreased to $19.1 million, reflecting substantial debt reduction.

Management highlighted robust handgun demand, new products contributing 37.5% of Q4 revenue, and industry indicators showing Smith & Wesson outpacing overall market growth. The board authorized a $0.13 per‑share quarterly dividend payable on July 15, 2026 to stockholders of record on July 1, 2026, underscoring ongoing capital returns alongside investment in operations.

Tengwall Kyle reported acquisition or exercise transactions in this Form 4 filing.

SMITH & WESSON BRANDS, INC. reported that Vice President of Marketing Kyle Tengwall received equity-based compensation rather than making any open-market trades. He was granted 14,618 shares of common stock at $0.00 per share, increasing his direct holdings to 155,238 common shares. According to the footnotes, one-quarter of these restricted stock units (RSUs) vest on each of the first four anniversaries of the grant date, with shares delivered net of tax withholding. Tengwall was also granted 29,234 performance rights, each representing a contingent right to receive one share of common stock, expiring on May 1, 2029. These performance rights can deliver up to 29,234 shares based on meeting stock price performance targets over a three-year period.

SMITH & WESSON BRANDS, INC. director and officer Mark Peter Smith reported equity compensation changes and related tax withholding in Common Stock. On May 1, 2026, he received 90,956 shares of Common Stock as a grant and 181,912 performance rights, each tied to one share, vesting over a three‑year stock‑price performance period.

To cover tax obligations from vesting restricted stock units, the issuer withheld 23,473 shares on May 1, 2026 at $15.57 per share and 4,481 shares on May 2, 2026 at $14.97 per share. After these transactions, Smith directly held 576,386 shares of Common Stock. The F‑code dispositions are share withholdings for taxes, not open‑market sales.