Smith & Wesson Holding Corp. said recent, positive trends in the
consumer firearm market had led it to increase its earnings guidance for
the third quarter ending Jan. 31 and its full fiscal year.
The revised guidance includes the results of recently-acquired Battenfeld Technologies, Inc.
For the third quarter, sales are expected to come in the range of $124.0 million and $126.0 million, up from its former guidance of $113.0 million and $118.0 million. Sales were $145.88 million a year ago. Without the one-time acquisition costs, earnings from continuing operations are expected to be between 15 and 16 cents a share, versus projections of 9 and 11 cents previously. It earned 35 cents a year ago.
For the full 2015 fiscal year, sales are expected between $526.0 million and $530.0 million. Previously it expected $504 million and $508 million a year ago. Sales were $626.6 in the prior fiscal year. Without one-time acquisition costs, earnings are now expected to range between 74 to 78 cents a share, up from the previous projected range of 66 to 70 cents a share. It earned $1.50 in the prior fiscal year.