Smith & Wesson Brands, Inc. reported earnings on an adjusted basis gained 43.1 percent in the fiscal fourth quarter ended April 30. Sales advanced 9.9 percent. EPS of 45 cents beat analysts’ consensus estimate of 34 cents. Quarterly sales of $159.1 million topped the analyst consensus estimate of $156.8 million.

Fourth Quarter Fiscal 2024 Financial Highlights

  • Net sales were $159.1 million, an increase of $14.4 million, or 9.9 percent, over the comparable quarter last year.
  • Gross margin was 35.5 percent compared with 29.0 percent in the comparable quarter last year.
  • GAAP net income was $26.1 million, or $0.57 per diluted share, compared with $12.8 million, or $0.28 per diluted share, for the comparable quarter last year.

Full Year Fiscal 2024 Financial Highlights

  • Net sales were $535.8 million, an increase of $56.6 million, or 11.8 percent, over the prior fiscal year.
  • Gross margin was 29.5 percent compared with 32.2 percent in the prior fiscal year.
  • GAAP net income was $39.6 million, or $0.86 per diluted share, compared with $36.9 million, or $0.80 per diluted share, for the prior fiscal year.

See below for expanded SGB Executive coverage of Smith & Wesson’s forth quarter and full fiscal year, including category sales and new product insights. 

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