Core Viewpoint - Smith & Wesson Brands, Inc. reported a decline in net sales for Q1 fiscal 2025, but the company remains optimistic about future growth due to a rebound in demand and new product launches [1][4]. Financial Performance - Q1 net sales were $88.3 million, a decrease of $25.9 million, or 22.7%, compared to the same quarter last year [2][3]. - Gross margin improved to 27.4% from 26.6% in the comparable quarter last year [2]. - The company reported a GAAP net loss of $2.1 million, or $0.05 per share, compared to a net income of $3.1 million, or $0.07 per diluted share, for the same quarter last year [2][3]. - Non-GAAP net loss was $1.0 million, or $0.02 per share, compared to non-GAAP net income of $6.1 million, or $0.13 per diluted share, for the same quarter last year [3][16]. - Adjusted EBITDAS was $9.9 million, representing an 11.2% margin, down from $17.5 million, or 15.3% margin, in the same quarter last year [3][18]. Strategic Initiatives - The Board of Directors authorized a new $50 million stock repurchase program to be executed over the next twelve months [1][4]. - The company plans to pay a quarterly dividend of $0.13 per share on October 3, 2024, to stockholders of record on September 19, 2024 [4][7]. Market Outlook - The CEO noted that while firearms demand was softer than expected in the summer, there are signs of recovery as the company enters the busy fall season [4]. - The launch of the Bodyguard 2.0 conceal carry pistol has exceeded expectations, contributing to a positive outlook for future sales [4]. - The CFO expressed confidence that Q2 sales will significantly grow compared to Q1, with full-year revenue expected to increase in the mid-to-high single digits compared to fiscal 2024 [4].

Smith & Wesson Brands, Inc. SWBI is set to release earnings results for its first quarter, after the closing bell on Thursday, Sept. 5. Analysts expect the Maryville, Tennessee-based company to report a quarterly loss at 2 cents per share, versus a year-ago profit of 7 cents per share. Smith & Wesson Brands projects to report quarterly revenue of $102.53 million for the quarter, according to data from Benzinga Pro. On June 20, Smith & Wesson reported quarterly earnings of 45 cents per share, which beat the ...

Maryville, Tennessee--(Newsfile Corp. - August 22, 2024) - Smith & Wesson Brands, Inc. (NASDAQ: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced it plans to release its first quarter fiscal 2025 financial results on Thursday, September 5, 2024, after the close of the market. The full text of the press release will be available on the Smith & Wesson Brands, Inc. web site at www.smith-wesson.com under the Investor Relations section. The company will host a conference call and we ...

After a near-two-year bull market, we may be nearing the end. The Federal Reserve is still whistling past the graveyard of a recession, hoping to bring the economy in for a soft landing. So although the stock market might not crash, there is a good chance we see a decent pullback. After reaching a new all-time high two weeks ago, the S&P 500 is down 4%. While investors are crossing their fingers we don't have a correction, it is always prudent to plan for the worst and hope for the best. That suggests it is ...

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Q4 2024 Earnings Conference Call June 21, 2024 5:00 PM ET Company Participants Kevin Maxwell - General Counsel Mark Smith - President & Chief Executive Officer Deana McPherson - Chief Financial Officer Conference Call Participants Mark Smith - Lake Street Capital Matthew Raab - Craig-Hallum Operator Good day, everyone, and welcome to Smith & Wesson Brands, Inc. Fourth Quarter and Full Fiscal 2024 Financial Results Conference Call. This call is being recorded. At thi ...

Financial Performance - Net sales for fiscal 2024 reached $535.8 million, an increase of $56.6 million, or 11.8%, compared to fiscal 2023[222]. - Gross profit increased by $3.6 million, or 2.3%, but gross margin decreased by 2.7% due to unfavorable fixed-cost absorption and inflation impacts[222][228]. - Net income for fiscal 2024 was $39.6 million, or $0.86 per diluted share, compared to $36.9 million, or $0.80 per diluted share, in the prior year[222]. - Operating income decreased by $3.6 million, or 7.5%, primarily due to an accrued legal settlement and increased promotional spending[231]. - Other income surged to $6.7 million, a significant increase of 4360.3%, mainly from the sale of intangible assets[232]. - Interest expense rose by $1.7 million, or 521.2%, due to higher average outstanding debt balances[233]. - The effective tax rate decreased to 19.8% from 23.5% in the prior year, influenced by a favorable adjustment related to foreign derived income deductions[234]. - Net income for fiscal year 2024 was $39.6 million, an increase of $2.7 million or 7.4% from 2023[235]. - Basic and diluted net income per share increased to $0.86, up 7.5% from $0.80 in the previous year[235]. Cash Flow and Investments - Cash provided by operating activities was $106.7 million, a significant increase of $90.0 million or 537.9% compared to fiscal 2023[236][238]. - Cash used in investing activities decreased by $8.3 million to $(81.5) million, primarily due to $6.5 million received from the sale of intangible assets[236][239]. - Cash used in financing activities was $(18.0) million, compared to cash provided of $5.9 million in fiscal 2023, mainly due to $22.0 million in dividend distributions[236][240]. - The company expects to spend between $25.0 million and $30.0 million on capital expenditures in fiscal 2025[239]. Capital Expenditures and Projects - The company incurred capital expenditures of approximately $157.0 million related to the relocation project, with total expected costs between $160.0 million and $170.0 million[222]. Sales Performance - Sales of handguns increased by $21.2 million, or 5.9%, while long guns saw a significant increase of $42.3 million, or 56.9%[224][226]. - New products accounted for 27.6% of net sales for the 12 months ended April 30, 2024, including one new pistol and three new long guns[227]. Debt and Credit Facilities - As of April 30, 2024, the company had $40.0 million in borrowings outstanding on its revolving line of credit, with an average interest rate of 7.18%[244]. - The company maintains compliance with all debt covenants as of April 30, 2024[244]. - The company has a $100.0 million revolving line of credit with variable interest rates based on the Base Rate or SOFR rate plus an applicable margin[268]. - The company amended its credit agreement on April 28, 2023, replacing LIBOR with SOFR as the interest rate benchmark[268]. - The amendment also changed the definition of "Consolidated Fixed Charge Coverage Ratio" to exclude unfinanced capital expenditures related to the Relocation[268]. Shareholder Actions - The company authorized a share repurchase program of $50.0 million, purchasing 793,551 shares for $10.2 million during fiscal 2024[245]. Economic and Operational Challenges - Inflationary pressures have increased costs for components and labor, expected to continue impacting operations in fiscal 2025[249].

• Net sales were $535.8 million, an increase of $56.6 million, or 11.8%, over the prior fiscal year. • Gross margin was 29.5% compared with 32.2% in the prior fiscal year. • GAAP net income was $39.6 million, or $0.86 per diluted share, compared with $36.9 million, or $0.80 per diluted share, for the prior fiscal year. • Non-GAAP net income was $42.6 million, or $0.92 per diluted share, compared with $43.3 million, or $0.94 per diluted share, for the prior fiscal year. GAAP to non-GAAP adjustments for incom ...

Core Viewpoint - Smith & Wesson Brands, Inc. reported strong financial results for the fourth quarter and full fiscal year 2024, highlighting significant increases in net sales, gross margin, and net income compared to the previous year [27][28][19]. Financial Performance - For the fourth quarter ended April 30, 2024, net sales were $159.1 million, an increase of $14.4 million, or 9.9%, compared to the same quarter last year [28]. - Gross margin for the fourth quarter was 35.5%, up from 29.0% in the comparable quarter last year [26]. - Full year net sales reached $535.8 million, an increase of $56.6 million, or 11.8%, over the prior fiscal year [14]. - GAAP net income for the fourth quarter was $26.1 million, or $0.57 per diluted share, compared to $12.8 million, or $0.28 per diluted share, for the same quarter last year [11][12]. - Non-GAAP net income for the fourth quarter was $20.9 million, or $0.45 per diluted share, compared to $14.6 million, or $0.32 per diluted share, for the same quarter last year [12][16]. Operational Highlights - The company generated operating cash of $43.6 million during the fourth quarter and $106.7 million for the full year [19]. - The board of directors authorized an 8.3% increase in the quarterly dividend, reflecting the company's strong financial position [19]. - Smith & Wesson repurchased 793,551 shares, utilizing $10.2 million of its $50 million authorization during fiscal 2024 [19]. Strategic Outlook - The company expects healthy demand for firearms in fiscal 2025, supported by a deep pipeline of new products and a new state-of-the-art facility now fully operational [18]. - Despite a competitive marketplace and inflationary impacts, Smith & Wesson anticipates growth in both net sales and gross margin in fiscal 2025 [19].

Group 1 - Smith & Wesson Brands, Inc. is expected to report fourth-quarter earnings of 34 cents per share, an increase from 28 cents per share in the same period last year [1] - The company anticipates revenue of $156.8 million for the quarter, compared to $144.78 million in the year-ago quarter [1] - Smith & Wesson Brands reported better-than-expected third-quarter financial results on March 7 [2] Group 2 - The company offers an annual dividend yield of 2.94%, translating to a quarterly dividend of 12 cents per share, or 48 cents annually [2] - To earn $500 monthly from dividends, an investment of approximately $204,250 or around 12,500 shares is required [2] - For a more modest income of $100 per month, an investment of $40,850 or around 2,500 shares is needed [2] Group 3 - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price, which can fluctuate based on stock price changes [4] - Changes in dividend payments also impact the yield; an increase in dividends raises the yield if the stock price remains constant [5] - Smith & Wesson Brands' shares gained 1.1% to close at $16.34 on Tuesday [5]

Interested parties in North America are invited to participate by dialing 1-877-704-4453. Interested parties from outside North America are invited to participate by dialing 1-201-389-0920. Participants should dial in at least 10 minutes prior to the start of the call. A live and archived webcast of the event will be available on the company's website at www.smith-wesson.com under the Investor Relations section. Maryville, Tennessee--(Newsfile Corp. - June 6, 2024) - Smith & Wesson Brands, Inc. (NASDAQ: SWB ...