In the fourth quarter, Smith & Wesson posted revenue of $178.4m, up 26.7% year over year. Net income nearly doubled to $16.2m, or $0.36 per diluted share, versus $8.6m a year earlier.

Gross margin improved to 29.8%, from 28.8% in the comparable period.

Adjusted non-GAAP EBITDA came in at $30.9m, representing 17.3% of sales, compared with $23.5m a year earlier.

For the full fiscal year, revenue rose 10.4% to $523.8m. Net income was $18.5m, or $0.41 per diluted share, versus $13.4m a year earlier.

Adjusted non-GAAP EBITDAS reached $69.2m, compared with $64.7m in the prior fiscal year.

The group also continued to strengthen its balance sheet by paying $23.2m in dividends to shareholders while repaying $60m on its revolving credit facility.

"Our strong fourth-quarter and full-year results demonstrate the quality of execution of our strategy and the enduring strength of our brand," CEO Mark Smith said. He added that the company outperformed competitors in its legacy categories while making significant progress in new market segments.

CFO Deana McPherson noted that new products accounted for 37.5% of quarterly revenue. Handguns, which represented more than 80% of units shipped, were the primary driver of growth. Shipments in this category to the sporting goods distribution channel rose 23.2% year over year, while NICS background checks increased only 1.1%, a sign, the company said, of strong consumer preference for its products.

For fiscal 2027, Smith & Wesson expects demand in the firearms market to remain solid, with activity slightly higher than levels seen in 2026.

Separately, the board approved a quarterly dividend of $0.13 per share, to be paid July 15 to shareholders of record as of July 1, 2026.