Smith & Wesson execs see strong industry trends

• Smith & Wesson (SWHC +5%) trades higher following its FQ2 report and early look at FQ3 projections.
• Execs with the company say they expected the big drop in November for NCIS background checks, a trend they see continuing through May of next year. They note the upcoming comparables run up against an enormous period of demand and they still see industry trends as positive.
• Related stocks RGR, CAB.
• Earnings call transcript