Category: news

Smith & Wesson released the company’s financial results for the quarter ending October 31, 2012.  For the second quarter (fiscal 2013), Smith & Wesson posted a gross profit of more than $48 million, representing an increase of 35.5% over the second quarter of the previous year.

Net sales for the quarter were up $136.6 million, representing an incredible increase of 48% over the quarter from the prior year.  Keep in mind that the quarter ended before President Obama was re-elected in November.

S&W noted in their results that they have increased their production capacity and improved their supply chain efficiency.  Even with these improvements, the company continued to receive more orders than they could produce.  In fact, the order backlog increased 122% compared to the second quarter of 2012.  The total value of the backlog orders is $332.7 million.  I wonder how much that jumped after the election?

Smith & Wesson, one of just a few publicly traded gun companies, released a statement announcing preliminary sales and profit data for the second quarter of fiscal year 2013.  The numbers were a significant improvement compared to the same time one year ago and beat previous expectations for this quarter.

According to S&W, net sales were up $44 million, or about 48%, compared to the second quarter of fiscal year 2012.  Net income is expected to be between $0.23 and $0.24 per diluted share, which is above the company’s prior guidance of $0.19 to $0.21, and well above last year’s $0.01 per share.