Smith & Wesson Brands, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended October 31, 2023
December 08, 2023 at 03:15 am IST
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Smith & Wesson Brands, Inc. reported earnings results for the second quarter and six months ended October 31, 2023. For the second quarter, the company reported sales was USD 124.96 million compared to USD 121.04 million a year ago. Net income was USD 2.5 million compared to USD 9.65 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to USD 0.21 a year ago.
For the six months, sales was USD 239.2 million compared to USD 205.43 million a year ago. Net income was USD 5.62 million compared to USD 12.96 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.28 a year ago.
Smith & Wesson Brands, Inc. is a manufacturer of firearms products. The Company manufactures a range of handguns (including revolvers and pistols), long guns (including modern sporting rifles), handcuffs, firearm suppressors, and other firearm-related products for sale to a wide variety of customers, including firearm enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and throughout the world. The Company sells its products under the Smith & Wesson, M&P, and Gemtech brands. The Company manufactures its products at its facilities in Springfield, Massachusetts; Houlton, Maine; and Deep River, Connecticut. The Company also provides manufacturing services, including forging, heat treating, rapid prototyping, tooling, finishing, plating, machining, and custom plastic injection molding.