Smith & Wesson third-quarter sales stunning – up 39%

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Here’s a headline from an press release that would be the envy of any corporate spokesperson: – Fiscal Third Quarter 2013 Net Sales from Continuing Operations of $136.2 Million, Up 38.8% Year-Over-Year.

James Debney, Smith & Wesson Holding Corporation President and Chief Executive Officer, stated, “Our success in the third quarter was highlighted by significant year-over-year improvements in net sales, margin expansion, and bottom line profitability as we successfully executed our growth strategy, which is underpinned with a focus on firearms.  Performance gains were driven by continued robust consumer demand for firearms as well as increased sales of our M&P® polymer pistols and modern sporting rifles. Based on incremental improvements in expanding our production capacity, which will be further deployed in the fourth quarter, we are increasing our financial guidance for the full fiscal year 2013.”

You can read the entire report here.

What’s that mean? M&Ps and ARs put the firm into the stratosphere.

Suffice it to say Smith & Wesson is one of the companies insiders watch most to gauge the health of the firearms industry.

Based on their report, the firearms industry is healthy.

We’ll have a story later today – an interview with a firearms titan – who discusses the industry and the challenges it faces from Washington.

I hope you enjoy reading it as much as I did reporting it.

 

 

 

 

 

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About Author

Lee Williams can’t remember a time in his life when he wasn’t shooting. Before becoming a journalist, Lee served in the Army and worked as a police officer. He’s earned more than a dozen journalism awards as a reporter, and three medals of valor as a cop. He is an NRA-certified law enforcement firearms instructor, an avid tactical shooter and a training junkie. When he’s not busy as a senior investigative reporter, he is usually shooting his AKs, XDs and CZs. If you don’t run into him at a local gun range, you can reach him at 941.284.8553, by email, or by regular mail to 1741 Main St., Sarasota, FL 34236. You can follow him on Twitter: @HT_GunWriter and on Facebook @The Gun Writer.

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