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Apr 30, 2021
Smith & Wesson Q4 2021 Earnings Report
Smith & Wesson's Q4 2021 financial results were announced, featuring record quarterly GAAP net income and a significant increase in net sales.
Key Takeaways
Smith & Wesson Brands, Inc. reported strong Q4 2021 financial results, with a record quarterly GAAP net income of $89.2 million and a 67.3% increase in net sales compared to the same quarter last year. The company also announced a new $50 million share buyback program and a 60% increase in its quarterly dividend.
Net sales for the quarter were $322.9 million, a 67.3% increase year-over-year.
Gross margin for the quarter was 45.1%, compared to 32.2% in the prior year.
GAAP net income was $89.2 million, or $1.70 per diluted share, compared to $20.9 million, or $0.38 per diluted share, in the prior year.
Non-GAAP Adjusted EBITDAS was $125.6 million, or 38.9% of net sales, compared to $51.6 million, or 26.7% of net sales, in the prior year.
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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