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Mar. 3, 2015, 5:36 PM
Mar. 3, 2015, 4:26 PM
- Smith & Wesson (NASDAQ:SWHC) reports firearm sales fell 14.7% Y/Y to $124.5M in FQ3.
- Demand for long guns was off 40%.
- The company's gross margin rate declined 660 bps to 33.6% on the volume slide and some promotional activity.
- Operating expenses rate +260 bps to 21.5%.
- Guidance: S&W see revenue of $532M-$536M vs. $527M consensus and EPS of $0.75-$0.77 for FY15.
- SWHC +8.8% after hours after shedding 4.3% during the daily session.
Mar. 3, 2015, 4:20 PM
- Smith & Wesson Holding (NASDAQ:SWHC): FQ3 EPS of $0.15 beats by $0.04.
- Revenue of $130.6M (-10.5% Y/Y) beats by $7.28M.
- Shares +9.3%.
Jan. 23, 2015, 10:18 AM
- Smith & Wesson (SWHC +1.3%) is upgraded by Dougherty & Co. to a Buy rating from Neutral.
- The investment firm gives the gun manufacturer a price target of $15.
- A cycle of retailer destocking is expected to reverse itself this year as the market normalizes.
Jan. 20, 2015, 12:45 PM
Jan. 20, 2015, 9:16 AM
Jan. 20, 2015, 8:22 AM
- Smith & Wesson (NASDAQ:SWHC) lifts guidance for Q3 and FY15 on positive trends in the sector.
- The company expects Q3 revenue of $124M-$126M vs. $116.98 consensus and EPS of $0.10-$0.11 vs. $0.06 consensus.
- Full-year guidance is set at $526M in revenue and EPS of $0.68-$0.72.
- SWHC +9.8% premarket to $11.00.
Dec. 4, 2014, 4:55 PM
- Smith & Wesson (NASDAQ:SWHC) resumes trading after a halt, -3.9% AH after reporting better than expected FQ2 earnings and revenues but issuing downside guidance for FQ3 and FY 2015, as weaker demand for firearms continues to hurt the bottom line.
- For FQ3, SWHC expects EPS of $0.09-$0.11 vs. $0.20 analyst consensus estimate, and sees Q3 revenues of $113M-$118M vs. $129M consensus.
- For FY 2015, SWHC lowers EPS guidance to $0.66-$0.70 from prior $0.89-$0.94 vs. $0.89 consensus, and reduces its revenue outlook to $504M-$508M from prior $530M-$540M vs. $531M consensus.
- SWHC blames the 22% Y/Y decline in FQ2 revenues on lower consumer demand and competitors' excess inventory at distributor and retailer locations, which followed an earlier surge period when consumers purchased firearms in anticipation of possible restrictive regulations.
Aug. 27, 2014, 12:46 PM
Aug. 27, 2014, 9:12 AM
Aug. 27, 2014, 8:05 AM
- Smith & Wesson (NASDAQ:SWHC) is down -13.5% after the company slashed its full-year sales forecast for the second time in two months.
- The company is now expecting full-year sales to be in the range of $530M-$540M, which is much lower than current estimates of around $593M, and sharply lower than the $585M-$600M expectations Smith & Wesson announced in June.
Aug. 26, 2014, 5:35 PM
Aug. 26, 2014, 4:16 PM
- Smith & Wesson (NASDAQ:SWHC) reports decreased sales of long guns contributed 87% of the company's FQ1 revenue tailoff.
- Gross margin rate -540 bps to 37.2% due in part to the shift in mix away from long guns.
- Operating expense ratio +320 bps to 17.7%.
- The company sees FY15 EPS of $0.89-$0.94 vs. $1.34 consensus.
- Shares of SWHC are under a trading halt.
Jul. 29, 2014, 5:43 PM
- Sturm, Ruger & Co. (NYSE:RGR) estimates it saw a 31% Y/Y drop in Q2 in units sold from distributors to retailers, and an 11% drop for the whole of 1H14. Total NICS adjusted background checks (used to measure industry demand) fell 12% in Q2, and 18% in 1H14.
- Declining sales led gross margin to fall to 32.8% from 39.4% a year ago. Opex fell 13% to $17.3M, with both sales and G&A spend declining. New products were 18% of 1H firearm sales.
- $75M has been added to RGR's buyback authorization, raising its size to $100M.
- RGR -4% AH. Smith & Wesson (NASDAQ:SWHC) -2.3% in sympathy.
- Q2 results, PR
Jun. 20, 2014, 12:45 PM
Jun. 20, 2014, 9:14 AM
Smith & Wesson Holding Corp manufactures firearms. It manufactures handguns, modern sporting rifles, hunting rifles, black powder firearms, handcuffs, and firearm-related products and accessories.
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