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Alfred Gray
@alfredgray · Sep 8

US firearms maker Smith & Wesson $SWBI has released earnings results for the first quarter of fiscal year 2024.

Results

Adjusted operating profit was $8.27 million.
Adjusted EBITDA was $17.5 million and gross margin was 26.6%. The Company achieved an EBITDA profit of USD 15.7 million in the same period last year. USD.

Dividend

The Board of Directors approved a quarterly dividend of $0.12 per share. It will be paid to shareholders on October 5, 2023.

A word from the CEO

CEO Mark Smith said, "We are very pleased with our performance in the first quarter. Our excellent results reflect strong consumer demand for Smith & Wesson products. Sales of our products have remained steady even in a seasonally weaker period, indicating our health at both the supply chain and retail levels. The innovation and reputation of our iconic brand continues to be a significant factor for consumers."

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Bill Combs @billcombs Sep 11

The results are great. Overall, I'm quite interested in this sector and I will take a closer look at this company.

Thanks for the tip.

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Alfred Gray @alfredgray Sep 11

I honestly love the arms industry, the results are great and I thank you very much!

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Ashraf Aboudar @ashraf_dd Sep 9

Well, that's what I call solid results. Nice appreciation for those who speculated on growth.

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Alfred Gray @alfredgray Sep 11

The results are really great..

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Rickie Reeve @rickiereeve Sep 8

Despite the jump today, it looks pretty decently priced. I'm surprised the stock didn't get to me, the products are famous.

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Alfred Gray @alfredgray Sep 11

Mainly guns will still be made, cord such legendary, priced very well for me.