Smith & Wesson -11.3% AH on soft guidance; RGR -3.7%


Though Smith & Wesson (SWHC) beat FQ4 estimates, it's guiding for FQ1 revenue of $130M-$135M and EPS of $0.23-$0.25, far below a consensus of $160.6M and $0.40. The company's annual 2-week production shutdown is expected cut output by $6M-$8M.

FY15 (ends April '15) guidance is for revenue of $585M-$600M and EPS of $1.30-$1.40, below a consensus of $621.9M and $1.45.

FQ4 revenue was down 1.5% Y/Y excluding a Walther sale agreement that has since ended. Gross margin rose 260 bps to 40.9%, and opex rose to 15.6% of revenue from 12.1% a year ago.

Sturm, Ruger & Co. (RGR) is following Smith & Wesson lower.

FQ4 results, PR

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