Smith and Wesson Brands Inc (SWBI)

Smith & Wesson Brands, Inc. Reports Fourth Quarter and Full Fiscal 2026 Financial ResultsJune 17, 2026 4:05 PM
NewsfileQ4 Net Sales of $178.4 MillionQ4 Gross Margin of 29.8% Q4 EPS of $0.36/ShareQ4 Cash from Operations of $74.6 millionMaryville, Tennessee--(Newsfile Corp. - June 17, 2026) - Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced financial results for the fourth quarter and full fiscal year 2026, ended April 30, 2026. Fourth Quarter Fiscal 2026 Financial HighlightsNet sales were $178.4 million, an increase of $37.6 million, or 26.7%, over the comparable quarter last year.Gross margin was 29.8% compared with 28.8% in the comparable quarter last year.GAAP net income was $16.2 million, or $0.36 per diluted share, compared with $8.6 million, or $0.19 per diluted share, for the comparable quarter last year. Non-GAAP net income was $16.2 million, or $0.36 per diluted share, compared with $9.0 million, or $0.20 per diluted share, for the comparable quarter last year. GAAP to non-GAAP adjustments for income exclude costs related to the relocation. See the schedules that follow in this release for a detailed reconciliation.Non-GAAP Adjusted EBITDAS was $30.9 million, or 17.3% of net sales, compared with $23.5 million, or 16.7% of net sales, for the comparable quarter last year.Full Year Fiscal 2026 Financial HighlightsNet sales were $523.8 million, an increase of $49.2 million, or 10.4%, over the prior fiscal year.Gross margin was 26.9% compared with 26.8% in the prior fiscal year.GAAP net income was $18.5 million, or $0.41 per diluted share, compared with $13.4 million, or $0.30 per diluted share, for the prior fiscal year. Non-GAAP net income was $18.4 million, or $0.41 per diluted share, compared with $14.6 million, or $0.33 per diluted share, for the prior fiscal year. GAAP to non-GAAP adjustments for income include costs related to the relocation, a gain on sale of certain real estate, and other costs. See the schedules that follow in this release for a detailed reconciliation. Non-GAAP Adjusted EBITDAS was $69.2 million, or 13.2% of net sales, compared with $64.7 million, or 13.7% of net sales, for the prior fiscal year.We paid $23.2 million in dividends compared with $23.1 million in the prior fiscal year.We repaid $60.0 million on our revolving credit facility.Mark Smith, President and Chief Executive Officer, commented, "Our excellent fourth quarter and full year fiscal 2026 results showcase our team's remarkable execution on our strategic priorities and the enduring power of our iconic brand. We delivered strong results across every dimension of our business – from revenue to profitability, and from cash flow to debt reduction. We outperformed our competitors in our core categories and achieved meaningful progress in segments that we hadn't historically competed in. The combined strength of our brand, our team, our disciplined strategic focus, and our strong balance sheet put us in an excellent position to continue creating long-term value for our stockholders."Deana McPherson, Executive Vice President and Chief Financial Officer, commented, "Net sales for our fourth quarter of $178.4 million grew 26.7% above the prior year, with new products making up 37.5% of total revenue. Our outperformance was mostly driven by handgun shipments, which represented over 80% of our units shipped. Our handgun unit sales into the sporting goods channel increased 23.2% over the prior year, while NICS increased only 1.1%, with nearly no change in channel inventory, demonstrating strong consumer preference for our products. We expect firearm industry demand in fiscal 2027 to continue to be healthy and slightly higher than in fiscal 2026. Consistent with our capital allocation strategy, our board of directors has authorized a $0.13 per share quarterly dividend, which will be paid to stockholders of record on July 1, 2026, with payment to be made on July 15, 2026."Conference Call and Webcast
The company will host a conference call and webcast on June 17, 2026 to discuss its fourth quarter and full fiscal 2026 financial and operational results. Speakers on the conference call will include Mark Smith, President and Chief Executive Officer, and Deana McPherson, Executive Vice President and Chief Financial Officer. The conference call may include forward-looking statements. The conference call and webcast will begin at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). Interested parties in North America are invited to participate by dialing 1-877-704-4453. Interested parties from outside North America are invited to participate by dialing 1-201-389-0920. Participants should dial in at least 10 minutes prior to the start of the call. A live and archived webcast of the event will be available on the company's website at www.smith-wesson.com under the Investor Relations section.Reconciliation of U.S. GAAP to Non-GAAP Financial Measures
In this press release, certain non-GAAP financial measures, including "non-GAAP net sales," "non-GAAP gross profit," "non-GAAP gross margin," "non-GAAP operating expenses," "non-GAAP operating income," "non-GAAP net income," "Non-GAAP net income per share – diluted," "Adjusted EBITDAS," "Adjusted EBITDAS Margin," and "free cash flow" are presented. We use these non-GAAP financial measures to facilitate a comparison of our operating performance on a consistent basis from period to period that, when viewed in combination with our results prepared in accordance with GAAP, provides a more complete understanding of factors and trends affecting our business than does GAAP measures alone. We believe these financial measures assist our board of directors, management, investors, and other users of the financial statements in comparing our results on a consistent basis from period to period because it removes certain non-cash items and other items that we do not consider to be indicative of our core and/or ongoing operations. We believe it is useful for us and the reader to review, as applicable, both (1) GAAP measures that include (i) interest, (ii) income tax expense, (iii) depreciation and amortization, (iv) stock-based compensation expense, (v) an accrued legal settlement, (vi) Smith & Wesson Academy grand opening expenses, (vii) relocation expense, including non-recurring third-party wind-down net sales and cost of sales related to the closure of an immaterial manufacturing location that was shut down as a result of the relocation, (xiii) a gain on sale of certain real estate, and (ix) the tax effect of non-GAAP adjustments; and (2) the non-GAAP measures that exclude such information. We present these non-GAAP measures because we consider them an important supplemental measure of our performance. Our definition of these adjusted financial measures may differ from similarly named measures used by others. We believe these measures facilitate operating performance comparisons from period to period by eliminating potential differences caused by the existence and timing of certain expense items that would not otherwise be apparent on a GAAP basis. These non-GAAP measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for our GAAP measures. The principal limitations of these measures are that they do not reflect our actual expenses and may thus have the effect of inflating our financial measures on a GAAP basis.Change in Non-GAAP Financial Measure
Prior to fiscal 2026, our calculation of Adjusted EBITDAS included an adjustment for interest expense. Beginning with the fiscal 2026 presentation for all periods presented herein, we also included an adjustment for interest income such that Adjusted EBITDAS is fully adjusted for the effect of Interest expense, net as presented on the Consolidated Statements of Income. We believe that adjusting for both interest expense and interest income assists users of the financial statements in understanding the results of our core operations and comparing those results on a consistent basis from period to period. For the three months and year ended April 30, 2026, this change resulted in a decrease of $593,000 and $2.4 million, respectively, in the amounts of Adjusted EBITDAS compared to the amounts that would have been reported using the previous methodology. For the three months and year ended April 30, 2025, the change also resulted in a decrease of $660,000 and $2.7 million, respectively, in the amounts of Adjusted EBITDAS compared to the amounts that were previously reported.About Smith & Wesson Brands, Inc.
Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI) is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality handgun, long gun, and suppressor products to the global consumer and professional markets under the iconic Smith & Wesson® and Gemtech® brands. Additionally, the company provides manufacturing services such as forging and machining to third parties and offers world-class firearm training programs to Law Enforcement/Military departments and civilians at the Smith & Wesson Academy™ in Maryville, TN. For more information call (844) 363-5386 or visit www.smith-wesson.com.Safe Harbor Statement
Certain statements contained in this press release may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include, among others, that (i) the combined strength of our brand, our team, our disciplined strategic focus, and our strong balance sheet put us in an excellent position to continue creating long-term value for our stockholders; and (ii) we expect firearm industry demand in fiscal 2027 to continue to be healthy and slightly higher than in fiscal 2026. We caution that these statements are qualified by important risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include, among others, economic, social, political, legislative, and regulatory factors; the impact of tariffs; the potential for increased regulation of firearms and firearm-related products; actions of social activists that could have an adverse effect on our business; the impact of lawsuits; the demand for our products; the state of the U.S. economy in general and the firearm industry in particular; general economic conditions and consumer spending patterns; our competitive environment; the supply, availability, and costs of raw materials and components; our anticipated growth and growth opportunities; our strategies; our ability to maintain and enhance brand recognition and reputation; our ability to effectively manage and execute the relocation; our ability to introduce new products and the success of new products; the potential for cancellation of orders from our backlog; and other risks detailed from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended April 30, 2026.Contact:
investorrelations @BobanSMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
 

 




As of:


April 30, 2026 
April 30, 2025

(In thousands, except par value and share data)
ASSETSCurrent assets:

 


Cash and cash equivalents$28,190 $25,231
Marketable securities
5,162 
—
Accounts receivable, net of allowances for credit losses of $5 on
April 30, 2026 and April 30, 2025
40,014 
55,868
Inventories
156,250 
189,840
Prepaid expenses and other current assets
7,170 
6,260
Income tax receivable
4,617 
66
Total current assets
241,403 
277,265
Property, plant, and equipment, net of accumulated depreciation and
amortization of $397,668 on April 30, 2026 and $368,811 on April 30, 2025
238,643 
242,648
Intangibles, net
1,956 
2,409
Goodwill
19,024 
19,024
Deferred income taxes
4,347 
10,260
Other assets
7,393 
8,006
Total assets$512,766 $559,612
LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:
  
 
Accounts payable$34,570 $26,887
Accrued expenses and deferred revenue
19,146 
24,678
Accrued payroll and incentives
15,196 
9,060
Accrued profit sharing
5,155 
4,636
Accrued warranty
1,300 
1,379
Total current liabilities
75,367 
66,640
Notes and loans payable
19,121 
79,096
Finance lease payable, net of current portion
32,163 
33,703
Other non-current liabilities
9,556 
7,719
Total liabilities
136,207 
187,158
Commitments and contingencies
  
 
Stockholders' equity:
  
 
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares
issued or outstanding
— 
—
Common stock, $0.001 par value, 100,000,000 shares authorized,
44,605,993 shares issued and outstanding on April 30,
2026 and 75,789,455 shares issued and 44,111,461 shares
outstanding on April 30, 2025
45 
76
Additional paid-in capital
2,776 
298,075
Retained earnings
373,738 
532,615
Treasury stock, at cost (no shares on April 30, 2026 and 31,677,994 shares
on April 30, 2025)
— 
(458,312)Total stockholders' equity
376,559 
372,454
Total liabilities and stockholders' equity$512,766 $559,612
 SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
 

For the Three Months Ended April 30,
 For the Year Ended April 30,


2026
 
2025
 
2026
 
2025


(In thousands, except per share data)
Net sales$178,388
 $140,762
 $523,845
 $474,661
Cost of sales
125,298
 
100,217
 
382,742
 
347,478
Gross profit
53,090
 
40,545
 
141,103
 
127,183
Operating expenses:
 
 
 
 
 
 
 
Research and development
2,452
 
1,962
 
10,304
 
9,567
Selling, marketing, and distribution
11,339
 
11,474
 
41,598
 
41,314
General and administrative
17,736
 
13,973
 
59,999
 
54,933
Gain on sale/disposition of assets, net
222
 
6
 
(9) 
(2,515)Total operating expenses
31,749
 
27,415
 
111,892
 
103,299
Operating income
21,341
 
13,130
 
29,211
 
23,884
Other expense, net:
 
 
 
 
 
 
 
Other income/(expense), net
146
 
(6) 
669
 
(17)Interest expense, net
(693) 
(748) 
(4,810) 
(4,622)Total other (expense)/income, net
(547) 
(754) 
(4,141) 
(4,639)Income before income taxes
20,794
 
12,376
 
25,070
 
19,245
Income tax expense
4,572
 
3,742
 
6,589
 
5,820
Net income$16,222
 $8,634
 $18,481
 $13,425
Net income per share:
 
 
 
 
 
 
 
Basic - net income$0.36
 $0.20
 $0.42
 $0.30
Diluted - net income$0.36
 $0.19
 $0.41
 $0.30
Weighted average number of common shares outstanding:
 
 
 
 
 
 
 
Basic
44,533
 
44,040
 
44,420
 
44,484
Diluted
45,262
 
44,508
 
44,933
 
44,932
 SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)


For the Year Ended April 30,


2026
 
2025


(In thousands)
Cash flows from operating activities:


 


Net income$18,481
 $13,425
Adjustments to reconcile net income to net cash provided by/(used in)
operating activities:
 
 
 
Depreciation and amortization
31,311
 
31,845
Gain on sale/disposition of assets
(9) 
(2,515)Deferred income taxes
5,913
 
(3,032)Stock-based compensation expense
8,350
 
7,609
Non-cash sublease income
(1,797) 
(1,724)Other, net
(528) 
(73)Changes in operating assets and liabilities:
 
 
 
Accounts receivable
15,854
 
3,203
Inventories
33,590
 
(29,340)Prepaid expenses and other current assets
(910) 
(1,287)Income taxes
(4,551) 
1,882
Accounts payable
5,367
 
(14,771)Accrued payroll and incentives
6,136
 
(8,087)Accrued profit sharing
519
 
(4,462)Accrued expenses and deferred revenue
(3,008) 
(268)Accrued warranty
(79) 
(434)Other assets
(136) 
938
Other non-current liabilities
(308) 
(132)Net cash provided by/(used in) operating activities
114,195
 
(7,223)Cash flows from investing activities:
 
 
 
Purchases of marketable securities
(4,634) 
—
Payments to acquire patents and software
(93) 
(187)Proceeds from sale of intangible assets
—
 
—
Proceeds from sale of property and equipment
235
 
2,619
Payments to acquire property and equipment
(23,748) 
(21,605)Net cash used in investing activities
(28,240) 
(19,173)Cash flows from financing activities:
 
 
 
Proceeds from loans and notes payable
25,000
 
75,000
Payments on loans and notes payable
(85,000) 
(35,000)Cash paid for debt issuance costs
(219) 
(941)Payments on finance lease obligation
(195) 
(179)Payments to acquire treasury stock
—
 
(25,468)Dividend distribution
(23,229) 
(23,096)Proceeds to acquire common stock from employee stock purchase plan
1,577
 
1,598
Payment of employee withholding tax related to restricted stock units
(930) 
(1,126)Net cash used in financing activities
(82,996) 
(9,212)Net increase/(decrease) in cash and cash equivalents
2,959
 
(35,608)Cash and cash equivalents, beginning of period
25,231
 
60,839
Cash and cash equivalents, end of period$28,190
 $25,231
Supplemental disclosure of cash flow information
 
 
 
Cash paid for:
 
 
 
Interest, net of amounts capitalized$5,375
 $5,193
 SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES
(Dollars in thousands, except per share data)
(Unaudited)
  


 


 


 


 


 


 


 




For the Three Months Ended
 
For the Twelve Months Ended


April 30, 2026
 
April 30, 2025
 
April 30, 2026
 
April 30, 2025


$
 % of Sales
 
$
 % of Sales
 $
 % of Sales
 $
 % of Sales
GAAP net sales$178,388
 
 
 $140,762
 
 
 $523,845
 
 
 $474,661
 
 
Relocation
—
 
 
 
—
 
 
 
—
 
 
 
(4,340) 
 
Non-GAAP net sales$178,388
 
 
 $140,762
 
 
 $523,845
 
 
 $470,321
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GAAP gross profit$53,090
 
29.8%
 $40,545
 
28.8%
 $141,103
 
26.9%
 $127,183
 
26.8%
Relocation expenses
(5) 
 
 
516
 
 
 
(137) 
 
 
3,346
 
 
Settlement
—
 
 
 
—
 
 
 
—
 
 
 
70
 
 
Non-GAAP gross profit$53,085
 
29.8%
 $41,061
 
29.2%
 $140,966
 
26.9%
 $130,599
 
27.8%
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GAAP operating expenses$31,749
 
17.8%
 $27,415
 
19.5%
 $111,892
 
21.4%
 $103,299
 
21.8%
Relocation expenses
—
 
 
 
(26) 
 
 
372
 
 
 
(612) 
 
S&W Academy grand opening
72
 
 
 
—
 
 
 
(380) 
 
 
—
 
 
Gain on sale of asset
—
 
 
 
—
 
 
 
—
 
 
 
2,257
 
 
Non-GAAP operating expenses$31,821
 
17.8%
 $27,389
 
19.5%
 $111,884
 
21.4%
 $104,944
 
22.3%
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GAAP operating income$21,341
 
12.0%
 $13,130
 
9.3%
 $29,211
 
5.6%
 $23,884
 
5.0%
Settlement
—
 
 
 
—
 
 
 
—
 
 
 
70
 
 
Relocation expenses
(5) 
 
 
542
 
 
 
(509) 
 
 
3,958
 
 
S&W Academy grand opening
(72) 
 
 
—
 
 
 
380
 
 
 
—
 
 
Gain on sale of asset
—
 
 
 
—
 
 
 
—
 
 
 
(2,257) 
 
Non-GAAP operating income$21,264
 
11.9%
 $13,672
 
9.7%
 $29,082
 
5.6%
 $25,655
 
5.5%
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GAAP net income$16,222
 
9.1%
 $8,634
 
6.1%
 $18,481
 
3.5%
 $13,425
 
2.8%
Settlement
—
 
 
 
—
 
 
 
—
 
 
 
70
 
 
Relocation expenses
(5) 
 
 
542
 
 
 
(509) 
 
 
3,958
 
 
S&W Academy grand opening
(72) 
 
 
—
 
 
 
380
 
 
 
—
 
 
Gain on sale of asset
—
 
 
 
—
 
 
 
—
 
 
 
(2,257) 
 
Tax effect of non-GAAP adjustments
20
 
 
 
(169) 
 
 
34
 
 
 
(551) 
 
Non-GAAP net income$16,165
 
9.1%
 $9,007
 
6.4%
 $18,386
 
3.5%
 $14,645
 
3.1%
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
GAAP net income per share - diluted$0.36
 
 
 $0.19
 
 
 $0.41
 
 
 $0.30
 
 
Settlement
—
 
 
 
—
 
 
 
—
 
 
 
—
 
 
Relocation expenses
—
 
 
 
0.01
 
 
 
(0.01) 
 
 
0.09
 
 
S&W Academy grand opening
—
 
 
 
—
 
 
 
0.01
 
 
 
—
 
 
Gain on sale of asset
—
 
 
 
—
 
 
 
—
 
 
 
(0.05) 
 
Tax effect of non-GAAP adjustments
—
 
 
 
—
 
 
 
—
 
 
 
(0.01) 
 
Non-GAAP net income per share - diluted$0.36
 
 
 $0.20
 
 
 $0.41
 
 
 $0.33
 
 
 SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME TO NON-GAAP ADJUSTED EBITDAS
(in thousands)
(Unaudited)
  


 


 


 



For the Three Months Ended
  For the Twelve Months Ended


April 30, 2026
 
April 30, 2025
 
April 30, 2026
 
April 30, 2025
GAAP net income$16,222
 $8,634
 $18,481
 $13,425
Interest expense, net
693
 
748
 
4,810
 
4,622
Income tax expense
4,572
 
3,742
 
6,589
 
5,820
Depreciation and amortization
7,540
 
7,934
 
31,067
 
31,688
Stock-based compensation expense
1,986
 
1,885
 
8,350
 
7,609
S&W Academy grand opening expense
(72) 
—
 
380
 
—
Gain on sale of asset
—
 
—
 
—
 
(2,257)Settlement
—
 
—
 
—
 
70
Relocation expense
(5) 
538
 
(509) 
3,681
Non-GAAP Adjusted EBITDAS$30,936
 $23,481
 $69,168
 $64,658
Non-GAAP Adjusted EBITDAS Margin
17.3%
 
16.7%
 
13.2%
 
13.7%
 SMITH & WESSON BRANDS, INC. AND SUBSIDIARIESRECONCILIATION OF NET CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES TO FREE CASH FLOW
(In thousands)
(Unaudited)  


 


 


 



For the Three Months Ended
 For the Twelve Months Ended

April 30, 2026
 April 30, 2025
 April 30, 2026
 April 30, 2025
Net cash provided by/(used in) operating activities$74,581
 
40,828
 $114,195
 $(7,223)Payments to acquire property and equipment
(4,834) 
(7,291) 
(23,748) 
(21,605)Free cash flow$69,747
 $33,537
 $90,447
 $(28,828) To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301791 Original: Smith & Wesson Brands, Inc. Reports Fourth Quarter and Full Fiscal 2026 Financial Results

Smith & Wesson Brands, Inc. Fourth Quarter and Full Fiscal 2026 Financial Release and Conference Call AlertJune 3, 2026 4:15 PM
NewsfileMaryville, Tennessee--(Newsfile Corp. - June 3, 2026) - Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced it plans to release its fourth quarter and full fiscal 2026 financial results on Wednesday, June 17, 2026, after the close of the market. The full text of the press release will be available on the Smith & Wesson Brands, Inc. web site at www.smith-wesson.com under the Investor Relations section.The company will host a conference call and webcast on June 17, 2026 to discuss its fourth quarter and full fiscal 2026 financial and operational results. Speakers on the conference call will include Mark Smith, President and Chief Executive Officer, and Deana McPherson, Executive Vice President and Chief Financial Officer. The conference call may include forward-looking statements. The conference call and webcast will begin at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time).Interested parties in North America are invited to participate by dialing 1-877-704-4453. Interested parties from outside North America are invited to participate by dialing 1-201-389-0920. Participants should dial in at least 10 minutes prior to the start of the call. A live and archived webcast of the event will be available on the company's website at www.smith-wesson.com under the Investor Relations section.About Smith & Wesson Brands, Inc.Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI) is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality handgun, long gun, and suppressor products to the global consumer and professional markets under the iconic Smith & Wesson® and Gemtech® brands. Additionally, the company provides manufacturing services such as forging and machining to third parties and offers world-class firearm training programs to Law Enforcement/Military departments and civilians at the Smith & Wesson Academy™ in Maryville, TN. For more information call (844) 363-5386 or visit www.smith-wesson.com.Contact:
investorrelations @Boban To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299815 Original: Smith & Wesson Brands, Inc. Fourth Quarter and Full Fiscal 2026 Financial Release and Conference Call Alert

Smith & Wesson Brands, Inc. Reports Third Quarter Fiscal 2026 Financial ResultsMarch 5, 2026 4:05 PM
NewsfileQ3 Net Sales of $135.7 MillionQ3 Gross Margin of 26.2%; Non-GAAP Gross Margin of 26.1% Q3 EPS of $0.08/Share; Q3 Adjusted EPS of $0.08/ShareMaryville, Tennessee--(Newsfile Corp. - March 5, 2026) - Smith & Wesson Brands, Inc. (NASDAQ: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced financial results for the third quarter of fiscal 2026, ended January 31, 2026. Financial HighlightsNet sales were $135.7 million, an increase of $19.8 million, or 17.1%, from the comparable quarter last year.Gross margin was 26.2% compared with 24.1% in the comparable quarter last year.Net income was $3.8 million, or $0.08 per diluted share, compared with $2.1 million, or $0.05 per diluted share, for the comparable quarter last year. Non-GAAP net income was $3.6 million, or $0.08 per diluted share, compared with $1.4 million, or $0.03 per diluted share, for the comparable quarter last year. GAAP to non-GAAP adjustments for income exclude costs related to the relocation, expenses related to the grand opening of the Smith & Wesson Academy, and a gain on sale of certain real estate. For a detailed reconciliation, see the schedules that follow in this release.Non-GAAP Adjusted EBITDAS was $16.8 million, or 12.4% of net sales, compared with $13.9 million, or 12.0% of net sales, for the comparable quarter last year.Mark Smith, President and Chief Executive Officer, commented, "We were very pleased with our third quarter results, which demonstrated continued market share growth – while simultaneously maintaining resiliency in our pricing power and profitability. In particular, our handgun results were exceptional, with unit shipments into the sporting goods channel up 28%, while NICS was down 2.2%. Our momentum is strong and building, our brand and product assortment are driving continued healthy profitability, and we remain confident in the direction and trajectory of our business against the backdrop of a healthy and stable market." Deana McPherson, Executive Vice President and Chief Financial Officer, commented, "Having focused on driving inventory levels down during the last twelve months, we are now turning our focus to increasing production to meet market demand, which should continue to have a positive impact on margins. We believe the strength of our brand, product assortment, and new product offerings are helping us drive growth and take share in an otherwise stable market. Therefore, we expect our fourth quarter sales will be up 10-12% over fiscal 2025 fourth quarter sales." Consistent with our capital allocation strategy, our board of directors has authorized a $0.13 per share quarterly dividend, which will be paid to stockholders of record on March 19, 2026 with payment to be made on April 2, 2026." Conference Call and Webcast
The company will host a conference call and webcast on March 5, 2026 to discuss its third quarter fiscal 2026 financial and operational results. Speakers on the conference call will include Mark Smith, President and Chief Executive Officer, and Deana McPherson, Executive Vice President and Chief Financial Officer. The conference call may include forward-looking statements. The conference call and webcast will begin at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). Interested parties in North America are invited to participate by dialing 1-877-704-4453. Interested parties from outside North America are invited to participate by dialing 1-201-389-0920. Participants should dial in at least 10 minutes prior to the start of the call. A live and archived webcast of the event will be available on the company's website at www.smith-wesson.com under the Investor Relations section.Reconciliation of U.S. GAAP to Non-GAAP Financial Measures
In this press release, certain non-GAAP financial measures, including "non-GAAP net sales," "non-GAAP gross profit," "non-GAAP gross margin," "non-GAAP operating expenses," "non-GAAP operating income," "non-GAAP net income," "Non-GAAP net income per share – diluted," "Adjusted EBITDAS," "Adjusted EBITDAS Margin," and "free cash flow" are presented. We use these non-GAAP financial measures to facilitate a comparison of our operating performance on a consistent basis from period to period that, when viewed in combination with our results prepared in accordance with GAAP, provides a more complete understanding of factors and trends affecting our business than does GAAP measures alone. We believe these financial measures assist our board of directors, management, investors, and other users of the financial statements in comparing our results on a consistent basis from period to period because it removes certain non-cash items and other items that we do not consider to be indicative of our core and/or ongoing operations. We believe it is useful for us and the reader to review, as applicable, both (1) GAAP measures that include (i) interest expense, (ii) income tax expense, (iii) depreciation and amortization, (iv) stock-based compensation expense, (v) an accrued legal settlement, (vi) Smith & Wesson Academy grand opening expenses, (vii) relocation expense, including non-recurring third-party wind-down net sales and cost of sales related to the closure of an immaterial manufacturing location that was shut down as a result of the relocation, (xiii) a gain on sale of certain real estate, and (ix) the tax effect of non-GAAP adjustments; and (2) the non-GAAP measures that exclude such information. We present these non-GAAP measures because we consider them an important supplemental measure of our performance. Our definition of these adjusted financial measures may differ from similarly named measures used by others. We believe these measures facilitate operating performance comparisons from period to period by eliminating potential differences caused by the existence and timing of certain expense items that would not otherwise be apparent on a GAAP basis. These non-GAAP measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for our GAAP measures. The principal limitations of these measures are that they do not reflect our actual expenses and may thus have the effect of inflating our financial measures on a GAAP basis.About Smith & Wesson Brands, Inc.
Smith & Wesson Brands, Inc. (NASDAQ: SWBI) is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality handgun, long gun, and suppressor products to the global consumer and professional markets under the iconic Smith & Wesson® and Gemtech® brands. Additionally, the company provides manufacturing services such as forging and machining to third parties and offers world-class firearm training programs to Law Enforcement/Military departments and civilians at the Smith & Wesson Academy™ in Maryville, TN. For more information call (844) 363-5386 or visit www.smith-wesson.com.Safe Harbor Statement
Certain statements contained in this press release may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include, among others, that (i) our momentum is strong and building, our brand and product assortment are driving continued healthy profitability, and we remain confident in the direction and trajectory of our business against the backdrop of a healthy and stable market; (ii) we are now turning our focus to increasing production to meet market demand, which should continue to have a positive impact on margins; (iii) we believe the strength of our brand, product assortment, and new product offerings are helping us drive growth and take share in an otherwise stable market; and (iv) we expect our fourth quarter sales will be up 10-12% over fiscal 2025 fourth quarter sales. We caution that these statements are qualified by important risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include, among others, economic, social, political, legislative, and regulatory factors; the impact of tariffs; the potential for increased regulation of firearms and firearm-related products; actions of social activists that could have an adverse effect on our business; the impact of lawsuits; the demand for our products; the state of the U.S. economy in general and the firearm industry in particular; general economic conditions and consumer spending patterns; our competitive environment; the supply, availability, and costs of raw materials and components; our anticipated growth and growth opportunities; our strategies; our ability to maintain and enhance brand recognition and reputation; our ability to effectively manage and execute the relocation; our ability to introduce new products and the success of new products; the potential for cancellation of orders from our backlog; and other risks detailed from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended April 30, 2025.Contact:
investorrelations @BobanSMITH &WESSON BRANDS, INC. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(Unaudited)       As of: January 31, 2026  April 30, 2025 (In thousands, except par value and share data) ASSETSCurrent assets:   Cash and cash equivalents $ 18,421   $ 25,231 Marketable securities  5,041   —Accounts receivable, net of allowances for credit losses of $5 on
January 31, 2026 and April 30, 2025  50,834    55,868 Inventories  175,264    189,840 Prepaid expenses and other current assets  7,702    6,260 Income tax receivable   4,271    66 Total current assets  261,533    277,265 Property, plant, and equipment, net of accumulated depreciation and
amortization of $390,467 on January 31, 2026 and $368,811 on April 30, 2025  238,578    242,648 Intangibles, net  2,195    2,409 Goodwill  19,024    19,024 Deferred income taxes  9,584    10,260 Other assets  7,090    8,006 Total assets $ 538,004   $559,612LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:    Accounts payable $ 25,494   $26,887Accrued expenses and deferred revenue  18,770   24,678Accrued payroll and incentives  11,246   9,060Accrued profit sharing  1,389   4,636Accrued warranty  1,244   1,379Total current liabilities  58,143   66,640Notes and loans payable  74,056   79,096Finance lease payable, net of current portion  32,644   33,703Other non-current liabilities  9,743   7,719Total liabilities  174,586   187,158Commitments and contingencies    Stockholders' equity:    Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares
issued or outstanding —  —Common stock, $0.001 par value, 100,000,000 shares authorized,
44,493,745 shares issued and outstanding on January 31,
2026 and 75,789,455 shares issued and 44,111,461 shares
outstanding on April 30, 2025  44   76Additional paid-in capital  —  298,075Retained earnings  363,374   532,615Treasury stock, at cost (no shares on January 31, 2026 and 31,677,994 shares on
April 30, 2025) —  (458,312)Total stockholders' equity  363,418   372,454Total liabilities and stockholders' equity $ 538,004   $559,612 SMITH & WESSON BRANDS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)  For the Three Months Ended January 31,  For the Nine Months Ended January 31,  2026   2025  2026  2025  (In thousands, except per share data)Net sales  $ 135,709    $ 115,885   $ 345,457   $ 333,899 Cost of sales   100,120     87,938    257,444    247,261 Gross profit   35,589     27,947    88,013    86,638 Operating expenses:         Research and development   2,412     2,869    7,852    7,605 Selling, marketing, and distribution   11,170     10,336    30,259    29,839 General and administrative   15,482     12,379    42,263    40,959 Gain on sale/disposition of assets, net   (188)    (2,382)   (231)   (2,521)Total operating expenses   28,876     23,202    80,143    75,882 Operating income   6,713     4,745    7,870   10,756Other expense, net:          Other income/(expense), net   185    —   523   (11)Interest expense, net   (1,527)    (1,723)   (4,117)  (3,875)Total other expense, net   (1,342)    (1,723)   (3,594)  (3,886)Income before income taxes   5,371     3,022    4,276   6,870Income tax expense   1,618     920    2,017   2,078Net income  $ 3,753    $ 2,102   $ 2,259   $4,792Net income per share:          Basic - net income  $ 0.08    $ 0.05   $ 0.05   $0.11Diluted - net income  $ 0.08    $ 0.05   $ 0.05   $0.11Weighted average number of common shares outstanding:          Basic   44,493     44,038    44,384   44,627Diluted   44,982     44,398    44,825   45,069 SMITH & WESSON BRANDS, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)  For the Nine Months Ended January 31,  2026  2025  (In thousands)Cash flows from operating activities:    Net income  $ 2,259   $ 4,792 Adjustments to reconcile net income to net cash provided by/(used in)
operating activities:    Depreciation and amortization  23,706   23,860 Gain on sale/disposition of assets  (231)  (2,521)Deferred income taxes   676   (63)Stock-based compensation expense  6,364   5,724 Non-cash sublease income  (1,341)  (1,287)Unrealized gain on marketable securities  (407)  —Changes in operating assets and liabilities:    Accounts receivable  5,034   1,629 Inventories  14,576   (38,439)Prepaid expenses and other current assets  (1,442)  (3,015)Income taxes  (4,205)  (4,713)Accounts payable  (893)  (16,750)Accrued payroll and incentives  2,186   (8,160)Accrued profit sharing  (3,247)  (7,201)Accrued expenses and deferred revenue  (3,268)  (2,244)Accrued warranty  (135)  (377)Other assets  105   946 Other non-current liabilities  (123)  (232)Net cash provided by/(used in) operating activities  39,614   (48,051)Cash flows from investing activities:    Purchases of marketable securities   (4,634)  —Payments to acquire patents and software   (62)   (150)Proceeds from sale of property and equipment   136    2,668 Payments to acquire property and equipment   (18,914)   (14,314)Net cash used in investing activities   (23,474)   (11,796)Cash flows from financing activities:    Proceeds from loans and notes payable   25,000    70,000 Payments on notes and loans payable   (30,000)  —Cash paid for debt issuance costs   (219)   (941)Payments on finance lease obligation   (144)   (134)Payments to acquire treasury stock  —   (25,468)Dividend distribution   (17,444)   (17,375)Proceeds to acquire common stock from employee stock purchase plan   743    749 Payment of employee withholding tax related to restricted stock units   (886)   (1,119)Net cash (used in)/provided by financing activities   (22,950)   25,712 Net decrease in cash and cash equivalents   (6,810)   (34,135)Cash and cash equivalents, beginning of period   25,231    60,839 Cash and cash equivalents, end of period  $ 18,421   $ 26,704 Supplemental disclosure of cash flow information    Cash paid for:    Interest, net of amounts capitalized  $ 4,464   $ 4,219 Income taxes  $ 3,743   $7,098 SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES
(Dollars in thousands, except per share data)
(Unaudited)              For the Three Months Ended   For the Nine Months Ended    January 31, 2026  January 31, 2025  January 31, 2026  January 31, 2025  $% of Sales  $% of Sales  $% of
Sales  $ % of
Sales GAAP net sales  $ 135,709   $ 115,885   $ 345,457   $ 333,899   Relocation   —   (203)  —   (4,416)  Non-GAAP net sales  $ 135,709   $ 115,682   $ 345,457   $ 329,483             GAAP gross profit  $ 35,589 26.2%  $27,947 24.1%  $ 88,013 25.5%  $ 86,638  25.9% Relocation expenses   (129)   1,096    (133)   2,830   Settlement  —  —  —   70   Non-GAAP gross profit  $ 35,460 26.1%  $ 29,043 25.1%  $ 87,880 25.4%  $ 89,538  27.2%           GAAP operating expenses  $ 28,876 21.3%  $ 23,202 20.0%  $ 80,143 23.2%  $ 75,882  22.7% Relocation expenses   10    (149)   372    (586)  S&W Academy grand opening   34   —   (452)  —  Gain on sale of asset  —   2,257   —   2,257   Non-GAAP operating expenses  $ 28,920 21.3%  $ 25,310 21.9%  $ 80,063 23.2%  $ 77,553  23.5%           GAAP operating income  $ 6,713 4.9%  $ 4,745 4.1%  $ 7,870 2.3%  $ 10,756  3.2% Settlement  —  —  —   70   Relocation expenses   (139)   1,245    (505)   3,416   S&W Academy grand opening   (34)  —   452   —  Gain on sale of asset  —   (2,257)  —   (2,257)  Non-GAAP operating income  $ 6,540 4.8%  $ 3,733 3.2%  $ 7,817 2.3%  $ 11,985  3.6%           GAAP net income  $ 3,753 2.8%  $ 2,102 1.8%  $ 2,259 0.7%  $ 4,792  1.4% Settlement  —  —  —   70   Relocation expenses   (139)   1,245    (505)   3,416   S&W Academy grand opening   (34)  —   452   —  Gain on sale of asset  —   (2,257)  —   (2,257)  Tax effect of non-GAAP adjustments   50    311    15    (381)  Non-GAAP net income  $ 3,630 2.7%  $ 1,401 1.2%  $ 2,221 0.6%  $ 5,640  1.7%           GAAP net income per share - diluted  $ 0.08   $ 0.05   $ 0.05   $ 0.11   Settlement  —  —  —  —  Relocation expenses  —   0.03    (0.01)   0.08   S&W Academy grand opening  —  —   0.01   —  Gain on sale of asset  —   (0.05)  —   (0.05)  Tax effect of non-GAAP adjustments  —   0.01   —   (0.01)  Non-GAAP net income per share - diluted  $ 0.08   $ 0.03 (a)   $ 0.05   $0.13   (a) Non-GAAP net income per share does not foot due to rounding. SMITH & WESSON BRANDS, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP NET INCOME TO NON-GAAP ADJUSTED EBITDAS
(In thousands)
(Unaudited)            For the Three Months Ended   For the Nine Months Ended  January 31, 2026   January 31, 2025   January 31, 2026  January 31, 2025          GAAP net income  $ 3,753    $ 2,102    $ 2,259   $ 4,792 Interest expense   2,081     2,355     5,900    5,881 Income tax expense   1,618     920     2,017    2,079 Depreciation and amortization   7,177     7,548     23,527    23,754 Stock-based compensation expense   2,374     2,002     6,364    5,724 S&W Academy grand opening expense   (34)   —    452   —Gain on sale of asset  —   # (2,257)   #—
  # (2,257)Settlement  —   —   —   70 Relocation expense   (139)    1,230     (505)   3,143 Non-GAAP Adjusted EBITDAS  $ 16,830    $ 13,900    $ 40,014   $ 43,186           Non-GAAP Adjusted EBITDAS Margin  12.4%   12.0%   11.6%  13.1% SMITH & WESSON BRANDS, INC. AND SUBSIDIARIESRECONCILIATION OF NET CASH (USED IN) / PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW
(In thousands)
(Unaudited)          For the Three Months Ended   For the Nine Months Ended  January 31, 2026  January 31, 2025   January 31, 2026 January 31, 2025Net cash provided by/(used in) operating activities  $ 20,456    (9,839)   $ 39,614  $ (48,051)Payments to acquire property and equipment   (3,633)   (6,310)    (18,914)  (14,314)Free cash flow  $ 16,823   $ (16,149)   $ 20,700  $(62,365) To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286362
Original: Smith & Wesson Brands, Inc. Reports Third Quarter Fiscal 2026 Financial Results

Smith & Wesson Brands, Inc. Third Quarter Fiscal 2026 Financial Release and Conference Call AlertFebruary 19, 2026 4:05 PM
NewsfileMaryville, Tennessee--(Newsfile Corp. - February 19, 2026) - Smith & Wesson Brands, Inc. (NASDAQ: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced it plans to release its third quarter fiscal 2026 financial results on Thursday, March 5, 2026, after the close of the market. The full text of the press release will be available on the Smith & Wesson Brands, Inc. web site at www.smith-wesson.com under the Investor Relations section.The company will host a conference call and webcast on March 5, 2026 to discuss its third quarter fiscal 2026 financial and operational results. Speakers on the conference call will include Mark Smith, President and Chief Executive Officer, and Deana McPherson, Executive Vice President and Chief Financial Officer. The conference call may include forward-looking statements. The conference call and webcast will begin at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time).Interested parties in North America are invited to participate by dialing 1-877-704-4453. Interested parties from outside North America are invited to participate by dialing 1-201-389-0920. Participants should dial in at least 10 minutes prior to the start of the call. A live and archived webcast of the event will be available on the company's website at www.smith-wesson.com under the Investor Relations section.About Smith & Wesson Brands, Inc.Smith & Wesson Brands, Inc. (NASDAQ: SWBI) is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality handgun, long gun, and suppressor products to the global consumer and professional markets under the iconic Smith & Wesson® and Gemtech® brands. Additionally, the company provides manufacturing services such as forging and machining to third parties and offers world-class firearm training programs to Law Enforcement/Military departments and civilians at the Smith & Wesson Academy™ in Maryville, TN. For more information call (844) 363-5386 or visit www.smith-wesson.com.Contact:
investorrelations @Boban To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284022
Original: Smith & Wesson Brands, Inc. Third Quarter Fiscal 2026 Financial Release and Conference Call Alert

Still think it's toast?

Toast

ZZZZZZZZZZZZZ......???

Why is this board so dead?

SWBI, reports Wednesday 6/18

Solid dividend, near 5%. Mr. Smith to take private..

ST destroyed...

Getting a bid..

$17.63. Heading to $20

$13.56

$13.02

It is about time they allocate manufacturing to the military until the supplies are reestablished

United States Freezes Export of Civilian Firearms and Ammo for 90 Days, Citing National Security

"This export halt will have a direct economic impact on leading U.S. firearms manufacturers such as Sturm Ruger & Co., Smith & Wesson Brands, and Vista Outdoor. It does affect some of the largest markets for American gun manufacturers, including Brazil, Thailand, and Guatemala, according to Bloomberg."

https://www.thegatewaypundit.com/2023/10/united-states-freezes-export-civilian-firearms-ammo-90/

Lake City Ammo Plant Cancels All Commercial Contracts

https://stapledefense.com/lake-city-plant-commercial-contracts/

All about supply and demand.

Lets go Up Up 15.00

Litigators and Ambulance chasers have arrived

Earnings call was a miss but I do believe it’s oversold at this point in my humble opinion

I jumped out at a small loss but back in here this morning at $9.87

GLTL

Bought back in this AM pre-market at $9.87

Oversold territory IMHO

What in the F@ck is happening to this stock?!?!?

$SWBI Why I Was WRONG About Guns!

Back in here again at $17.17 after taking profits.
Ready for the next ride !

Smith & Wesson to Relocate Headquarters to Tennessee:

https://www.dailyitem.com/business/smith-wesson-moving-hq-from-massachusetts-to-tennessee-citing-2nd-amendment/article_af56fb22-253c-5aea-85fd-e4a4f4e0760f.html

SMART MOVE!

'Firearms bubble economy' makes 2021 second-highest gun sales year ever

https://www.washingtonexaminer.com/washington-secrets/firearms-bubble-economy-makes-2021-second-highest-gun-sales-year-ever

https://www.foxbusiness.com/retail/ammunition-shortage-impacting-law-enforcement-new-gun-owners

https://americanmilitarynews.com/2021/08/gun-sales-are-surging-first-time-gun-buyers-are-a-big-reason-why/

So are they all buying Smith & Wesson, or is there a competitor we should put our money on?

US-Mexico border traffickers earned as much as $14M a day last month
https://www.foxnews.com/politics/us-mexico-border-traffickers-million-february

"We Just Saw the First Billion-Dollar Year for a Gun Maker"

https://thereload.com/we-just-saw-the-first-billion-dollar-year-for-a-gun-maker/
“Our Board has authorized a new $50 million share repurchase program as well as a 60% increase in our quarterly dividend to 8 cents per share.”SWBI just keeps going higher...

https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=swbi&insttype=&freq=1&show=&time=4

52 week high today!!!!!

Ammunition inventories that were depleted during the pandemic are showing no sign of improving, according to Smith & Wesson Brands CEO Mark Smith.

https://www.foxbusiness.com/markets/ammo-shortage-shows-no-sign-improving-smith-wesson

Beating estimates and boosting dividends..
https://ih.advfn.com/stock-market/NASDAQ/smith-and-wesson-brands-SWBI/stock-news/85397520/smith-wesson-s-q4-results-beat-estimates

Smith and Wesson 52 week high:
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=swbi&insttype=&freq=&show=

Smith and Wesson weapons can now be used to deploy Lamperd Less Lethal rounds.

Full info on the LLLI Facebook page here:
https://www.facebook.com/lamperdlesslethal/

Lamperd Organic Hot Pepper Muzzle Blast Rounds for Smith & Wesson 500 Revolvers.

These can quickly Incapacitate an active shooter or suspect on first exposure without deadly force.

In light of the multiple incidents in the news recently about police needing to engage dangerous persons with firearms, Lamperd Less Lethal offers a very effective solution which can quickly incapacitate an active shooter without the use of deadly force so no lives are lost needlessly.

The Lamperd Muzzle Blast Pepper Rounds fire from a standard Smith and Wesson 500 Revolver with 4 inch or 8 inch barrel. The large cloud of powerful but harmless pepper formula that results will rapidly cause respiratory and vision impairment upon first exposure so severe that the recipient will be totally unable to employ his weapons in any effective way and can then be safely apprehended. This option allows police to swiftly stop a deadly or potentially deadly situation without the many repercussions of causing anyone’s death. Also pictured above are Lamperd WASP impact rounds, another valuable less lethal option to stop dangerous suspects.

That’s not what happened to Remington. S&W’s not in that precarious position.

https://www.nytimes.com/interactive/2019/05/01/magazine/remington-guns-jobs-huntsville.html

Unless it gets sued out of existence ala Remington.

This is such a value at this price. Stellar last quarter numbers just published.

Looking forward to the next couple quarters here.

Averaged down today buying at $17.54

Looks undervalued

Jumped in here big at $18.46

Looks markedly undervalued at these prices

Big demand for guns and bullets Smith & Wesson $40 Target price

SWBI$

SWBI $20 TARGET PRICE WOOHOOOOOOOOOOOOOOO

Yes I had 1300 SWBI and received 325 AOUT, bought in the $7 range when covid started, really patted myself on the back for being so smart to buy a gun stock when America was in panic now I'm kicking myself for not selling in the $26 range guess I,m not so smart after all,

Why the big dumping?

Did anyone get AOUT spin off for owning SWBI on Aug. 10??

Did anybody own SWBI on Aug. 10 and get spin off AOUT??

SWBI $30 TARGET PRICE WOOHOOOOOOOOOOOOOOO

25% divvy. First ever and tax free.

Each SWBI stockholder of record will receive one share of AOUT common stock, $0.001 par value, for every four shares of SWBI common
stock, $0.001 par value, held by such stockholder as of the close of business on the Record Date

https://materials.proxyvote.com/Approved/831754/20200727/INFST_438887.PDF