Smith & Wesson Brands, Inc. Reports Earnings Results for the Full Year Ended April 30, 2022
June 23, 2022 at 04:41 pm EDT
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Smith & Wesson Brands, Inc. reported earnings results for the full year ended April 30, 2022. For the full year, the company reported sales was USD 864.13 million compared to USD 1,059.2 million a year ago. Net income was USD 194.49 million compared to USD 252.05 million a year ago. Basic earnings per share from continuing operations was USD 4.12 compared to USD 4.46 a year ago. Diluted earnings per share from continuing operations was USD 4.08 compared to USD 4.4 a year ago. Basic earnings per share was USD 4.12 compared to USD 4.62 a year ago. Diluted earnings per share was USD 4.08 compared to USD 4.55 a year ago.
Smith & Wesson Brands, Inc. is a manufacturer of firearms products. The Company manufactures a range of handguns (including revolvers and pistols), long guns (including modern sporting rifles), handcuffs, firearm suppressors, and other firearm-related products for sale to a wide variety of customers, including firearm enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and throughout the world. The Company sells its products under the Smith & Wesson, M&P, and Gemtech brands. The Company manufactures its products at its facilities in Springfield, Massachusetts; Houlton, Maine; and Deep River, Connecticut. The Company also provides manufacturing services, including forging, heat treating, rapid prototyping, tooling, finishing, plating, machining, and custom plastic injection molding.