Smith & Wesson Holding Corporation said it is updating expectations for its fourth quarter and full 2015 fiscal year, which will end Apr. 30. The company indicated that orders throughout its fiscal fourth quarter have been stronger than originally anticipated.
Financial Outlook
For the fourth quarter of fiscal 2015, the company expects net sales of between $175.0 million and $179.0 million and GAAP earnings per diluted share from continuing operations of between 34 and 36 cents, up from its early March estimates of $162 million-$166
million and 29 to 31 cents.
On a non-GAAP basis, the company expects earnings per diluted share to be between 39 and 41 cents.
For full 2015 fiscal year, the company expects net sales of between $546.0 million and $550.0 million and GAAP earnings per diluted share from continuing operations of between 84 and 86 cents. On a non-GAAP basis, the company expects earnings per diluted share to be between 96 and 98 cents.
On a GAAP basis, it earned 44 cents in the year-ago quarter and $1.49 in the full fiscal year.
