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Jan 31, 2021
Smith & Wesson Q3 2021 Earnings Report
Smith & Wesson reported record quarterly results driven by increased demand and efficient operations.
Key Takeaways
Smith & Wesson Brands, Inc. reported record third quarter fiscal 2021 financial results, with net sales of $257.6 million and net income of $62.3 million, driven by strong demand and efficient operations.
Record quarterly net sales of $257.6 million, a 102.2% increase compared to the same quarter last year.
Record net income of $62.3 million, or $1.12 per diluted share, compared to $4.2 million, or $0.08 per diluted share, in the prior year.
Non-GAAP Adjusted EBITDAS was $89.8 million, or 34.9% of net sales, compared to $15.0 million, or 11.8% of net sales, for the comparable quarter last year.
The company completed a $50 million share-repurchase program and authorized a new $100 million share repurchase program.
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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