UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2023 Commission File No. 001-31552 Smith & Wesson Brands, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 2100 Roosevelt Avenue Spring ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 30, 2023 OR Form 10-K ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD Commission file number 1-31552 Smith & Wesson Brands, Inc. (Exact Name of Registrant as Specified in Its Charter) Nevada 87-0543688 (State or Other Jurisdiction of Incorporation or O ...

Financial Data and Key Metrics Changes - Revenue for the third quarter was $129 million, a 1% increase from the comparable period in fiscal 2020, but down 27.4% from the prior year [20][28] - Net income was $11.1 million, down from $30.5 million in the prior year, but $6.9 million higher than in fiscal 2020 due to higher average selling prices (ASPs) and lower interest expenses [45] - EBITDA increased by nearly 60%, with a gross margin improvement of 440 basis points, reflecting higher ASPs and lower operating costs [20][21] Business Line Data and Key Metrics Changes - New products accounted for 21% of sales during the third quarter, with recent launches performing exceptionally well [38] - Operating expenses were $27.7 million, $3 million lower than the prior year, primarily due to reduced relocation costs and lower sales-related expenses [30] Market Data and Key Metrics Changes - NICS data showed a 6.5% increase in January, marking the first quarterly increase in fiscal 2023, although year-over-year comparisons were flat [14] - The market has seen a bifurcation in demand, with core buyers becoming more price-conscious while others focus on innovation and quality [54] Company Strategy and Development Direction - The company is focused on innovation and new product introductions, with a healthy pipeline expected to continue into calendar 2024 [24] - The relocation to Tennessee is on track, with operational startup expected in the summer, which will enhance manufacturing flexibility and reduce costs [26][99] Management's Comments on Operating Environment and Future Outlook - Management noted that inflationary pressures are expected to continue impacting margins, but they anticipate revenue growth sequentially from Q3 to Q4 [43][49] - The company believes that the adjustment period from the surge in demand is largely over, with consumer demand returning to a more normal seasonal cadence [34] Other Important Information - The company authorized a quarterly dividend of $0.10 to be paid to stockholders [47] - Cash generated from operations was $6.9 million, with capital spending for the fiscal year expected to be between $115 million and $120 million [46][58] Q&A Session Summary Question: Insights on new product sales and potential for increase - Management confirmed that new products are performing well and the pipeline is healthy, with expectations to maintain current sales percentages [66][67] Question: ASP and long guns performance - ASPs decreased due to targeted rebates aimed at reducing channel inventory, with expectations for modest declines in the next quarter [75][80] Question: Inventory levels in the channel - Inventory levels have stabilized, with a slight decline from Q2 to Q3, indicating that distributors feel comfortable with their inventory [81][83] Question: Flexible manufacturing and macroeconomic factors - The move to Tennessee will enhance manufacturing flexibility, allowing for better inventory management and cost reduction despite ongoing inflationary pressures [96][99]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2023 Commission File No. 001-31552 Smith & Wesson Brands, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 2100 Roosevelt Avenue Spr ...

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Q2 2023 Results Conference Call December 6, 2022 5:00 PM ET Company Participants Kevin Maxwell - General Counsel Mark Smith - President & CEO Deana McPherson - CFO Conference Call Participants Mark Smith - Lake Street Rommel Dionisio - Aegis Operator Good day, everyone, and welcome to Smith & Wesson Brands, Inc. Second Quarter Fiscal 2023 Financial Results Conference Call. This call is being recorded. At this time, I would like to turn the call over to Kevin Maxwell ...

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Q1 2023 Earnings Conference Call September 8, 2022 5:00 PM ET Company Participants Kevin Maxwell - General Counsel Mark Smith - President & CEO Deana McPherson - CFO Conference Call Participants Mark Smith - Lake Street Capital Markets Steve Dyer - Craig-Hallum Capital Group Operator Thank you for standing by, and welcome to the First Quarter 2023 Smith & Wesson Brands Earnings Conference Call. [Operator Instructions] As a reminder, today's program may be recorded. ...

Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2022 Commission File No. 001-31552 Smith & Wesson Brands, Inc. (Exact name of registrant as specified in its charter) Nevada 87-0543688 (State or other jurisdiction of incorporation or organization) 2100 Roosevelt Avenue Springfield, Massachusetts 01104 (Add ...

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Q4 2022 Earnings Conference Call June 23, 2022 5:00 PM ET Company Participants Kevin Maxwell - General Counsel Mark Smith - President & CEO Deana McPherson - CFO Conference Call Participants Mark Smith - Lake Street Capital Operator Good day, everyone, and welcome to Smith & Wesson Brands, Inc. Fourth Quarter and Full Fiscal 2022 Financial Results Conference Call. This call is being recorded. At this time, I would like to turn the call over to Kevin Maxwell, Smith & ...

le UNITED STATES l SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD Commission file number 1-31552 Smith & Wesson Brands, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) ...

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Q3 2022 Results Conference Call March 3, 2022 5:00 PM ET Company Participants Kevin Maxwell - General Counsel Mark Smith - President, CEO Deana McPherson - CFO Conference Call Participants Mark Smith - Lake Street Capital Operator Good day, everyone, and welcome to Smith & Wesson Brands, Inc. Third Quarter Fiscal 2022 Financial Results Conference Call. This call is being recorded. At this time, I would like to turn the call over to Kevin Maxwell, Smith & Wesson’s G ...