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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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