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Apr 30, 2024
Smith & Wesson Q4 2024 Earnings Report
Smith & Wesson's Q4 2024 financial performance was marked by increased net sales and improved gross margin compared to the same quarter last year.
Key Takeaways
Smith & Wesson Brands, Inc. reported a strong fourth quarter for fiscal year 2024, with net sales increasing by 9.9% to $159.1 million and a gross margin of 35.5%. The company's EPS was $0.57, and adjusted EBITDAS margin reached 22.6%.
Net sales for Q4 reached $159.1 million, a 9.9% increase year-over-year.
Gross margin improved to 35.5% compared to 29.0% in the prior year's quarter.
GAAP net income was $26.1 million, or $0.57 per diluted share.
Adjusted EBITDAS was $36.0 million, representing 22.6% of net sales.
Forward Guidance
Smith & Wesson anticipates healthy firearm demand in fiscal year 2025 and expects to grow both net sales and gross margin despite a competitive marketplace and inflationary impacts.
Positive Outlook
- Healthy demand overall for firearms in fiscal 2025 is expected.
- Smith & Wesson is well positioned to deliver another solid year of growth.
- The company has a deep pipeline of new products.
- The new state-of-the-art facility is now fully operational.
- The company possesses a strong balance sheet.
Challenges Ahead
- The summer months will be highly competitive.
- The summer months represent the traditionally slower season for firearms.
- The company faces a competitive marketplace.
- The company faces inflationary impacts.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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