Smith & Wesson Brands, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2024
March 07, 2024 at 04:16 pm EST
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Smith & Wesson Brands, Inc. reported earnings results for the third quarter and nine months ended January 31, 2024. For the third quarter, the company reported sales was USD 137.48 million compared to USD 129.04 million a year ago. Net income was USD 7.88 million compared to USD 11.08 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.24 a year ago.
For the nine months, sales was USD 376.69 million compared to USD 334.47 million a year ago. Net income was USD 13.5 million compared to USD 24.04 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to USD 0.52 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to USD 0.52 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.