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Jan 31, 2024
Smith & Wesson Q3 2024 Earnings Report
Reported a strong quarter with increased net sales and solid earnings performance.
Key Takeaways
Smith & Wesson Brands, Inc. reported a positive third quarter in fiscal year 2024, with net sales increasing by 6.5% compared to the same quarter last year. The company's performance reflects robust demand for its products and effective management of its operations.
Net sales reached $137.5 million, a 6.5% increase year-over-year.
Gross margin was 28.7%, with a non-GAAP gross margin of 29.1%.
GAAP EPS was $0.17 per share, while adjusted EPS was $0.19 per share.
Adjusted EBITDAS margin was 15.6% of net sales.
Smith & Wesson
Smith & Wesson
Forward Guidance
The company anticipates healthy demand in the firearm market through the 2024 election cycle and is confident in its ability to deliver value to stockholders.
Positive Outlook
- Company expects healthy demand through the 2024 election cycle.
- Deep pipeline of new products.
- Leading brand recognition.
- New state-of-the-art facility in Tennessee.
- Strong balance sheet.
Challenges Ahead
- Economic factors.
- Social factors.
- Political factors.
- Legislative factors.
- Regulatory factors.