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Oct 31, 2021
Smith & Wesson Q2 2022 Earnings Report
Reported financial results for the second quarter of fiscal 2022.
Key Takeaways
Smith & Wesson Brands, Inc. announced financial results for the second quarter of fiscal 2022. Net sales were $230.5 million, a decrease of 7.3% from the comparable quarter last year. Quarterly GAAP net income was $50.9 million, or $1.05 per diluted share.
Net sales were $230.5 million, a decrease of 7.3% from the comparable quarter last year.
Gross margin was 44.3%, compared with 40.6% for the comparable quarter last year.
Quarterly GAAP net income was $50.9 million, or $1.05 per diluted share, compared with $49.1 million, or $0.87 per diluted share, for the comparable quarter last year.
Quarterly non-GAAP Adjusted EBITDAS was $80.4 million, or 34.9% of net sales, compared with $78.9 million for the comparable quarter last year.
Forward Guidance
Smith & Wesson intends to relocate its headquarters and certain of its operations to Maryville, Tennessee in 2023.
Positive Outlook
- The company has great confidence going forward to continue being the brand of choice at retail.
- The company will connect with both the millions of new firearms owners and loyal long time enthusiasts in new and innovative ways.
- The company will continue to introduce exciting new products.
- The company will leverage its unique ability to adjust rapidly to market dynamics through its flexible manufacturing model.
- The new state-of-the-art facility will serve as the company's headquarters.
Challenges Ahead
- Economic factors could impact results.
- Social factors could impact results.
- Political factors could impact results.
- Legislative factors could impact results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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