Smith & Wesson Brands, Inc. announces an Equity Buyback for $50 million worth of its shares.
September 20, 2023 at 04:31 pm IST
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Smith & Wesson Brands, Inc. (NasdaqGS:SWBI) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its shares. Any shares of common stock repurchased under the program will be considered issued but not outstanding shares of the company?s common stock.
The repurchase program is valid till September 19, 2024.
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.
SMITH & WESSON BRANDS, INC. 
