Mar. 25, 2014, 2:12 PM| Comment!
Mar. 5, 2014, 12:45 PM
Mar. 5, 2014, 9:12 AM
Mar. 4, 2014, 5:48 PM
Mar. 4, 2014, 4:22 PM
- Smith & Wesson (SWHC) trades higher in post-close action after the companye bests the FQ3 profit estimate of analysts.
- The company saw its gross profit margin rate rise 360 bps to 40.2% on a favorable product mix and reduced promotions.
- FY14 revenue guidance is raised to $615M-$620M and the S&W sees EPS falling in a range of $1.39-$1.42.
- SWHVC +7.1% AH
Mar. 4, 2014, 4:06 PM| 3 Comments
Mar. 4, 2014, 12:10 AM
Mar. 3, 2014, 5:35 PM
Jan. 5, 2014, 1:54 AM
- The White House has proposed two gun control regulations that the government doesn't need Congress' approval for.
- One measure would clarify who isn't allowed to own a firearm because of mental illness and would provide guidance to states about the information they can share with a federal database that dealers use to check whether a buyer is allowed to purchase a gun.
- However, mental health advocates fear that the regulations could stop those who are unwell from seeking treatment for fear that their illness would be added to federal records.
- The other proposal would eliminate obstacles that could stop states from supplying information to the database.
- Related tickers: RGR, SWHC, CAB
Dec. 11, 2013, 10:02 AM
- 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
Dec. 11, 2013, 9:11 AM
Dec. 11, 2013, 7:03 AM
- Demand for guns in the U.S. is in a downward swing as it appears more likely that Congress won't enact legislation to ban semiautomatic rifles.
- In November, federal background checks on potential gun purchasers were 10% lower Y/Y.
- Despite sales trends which are starting to slow, manufacturers and retailers have seen more women become buyers.
- Sector watch: SWHC earnings
- Related stocks: RGR, SWHC, CAB
Dec. 10, 2013, 5:42 PM
Dec. 10, 2013, 4:39 PM
- Smith & Wesson (SWHC) shares jump 5.8% after the company cleaned out expectations in FQ2 and issued higher-than-expected FQ3 guidance.
- Net sales of $139.3M were up 2% Y/Y; excluding Walther products (under a distribution agreement that ended in April), revenue grew 9.2% Y/Y, driven by a 27.4% Y/Y spike in handgun sales.
- Gross margin represented a 510bp expansion to 41.6%, building on the trend in FQ1. The company cited favorable product mix, absorption, and manufacturing efficiencies, as well as absence of lower-margin Walther sales.
- Opex jumped to 20.9% of sales, or $29.2M, from 16% of sales, or $21.8M, in FQ2 2012; excluding one-time ERP system expenses, opex would have come in at 18.2% of sales, or $25.3M.
- Income from continuing operations was $17.1M ($0.28/share) vs. $16.4M ($0.24/share) in Q2 2012.
- Management sees revenue in FQ3 of $140M-$145M (well above analyst consensus of $137.4M) and EPS of $0.28-$0.30 (vs. $0.27). It reiterates FY2014 guidance for sales of $610M-$620M (vs. $617M) and EPS of $1.30-$1.35 (vs. $1.32).
- Conference call at 5pm ET, PR
Dec. 10, 2013, 4:09 PM
Dec. 10, 2013, 12:10 AM
SWHC vs. ETF Alternatives
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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