February 14, 2025
London, UK

Smith & Wesson Brands (SWBI) Reports Q2 Financial Results

$SWBI Smith & Wesson Brands

Smith & Wesson Brands (SWBI), reported earnings results for the Q2 fiscal year 2023 which disappointed investors. both in earnings and revenue. Here are the key points:

Net sales dropped 47.5% to $121 million, from the same quarter last year. The expectations were for sales of $145 million

GAAP net income was reported at $9.6 million, or $0.21 per diluted share, well below the $50.9 million, or $1.05 per diluted share, for the same quarter last year

Non-GAAP net income came at $12 million, or $0.26 per diluted share, compared with $55.3 million, or $1.13 per diluted share, in the same quarter of 2021. Analyst’s expectations were for $0.44 per diluted share

Non-GAAP Adjusted EBITDAS reported st $25.6 million, the same quarter of 2021 was at $80.4 million

Gross margin is at 32.4% compared with 44.3% in the second quarter of 2021. Excluding the relocation costs, the gross margin would have been 33.9%

Smith & Wesson announced a quarterly dividend of $0.10, payable on January 3 to shareholders of record on December 20.

Smith & Wesson Stock Price

Smith & Wesson stock ended the trading day 2.16% lower at $11.80 while in the after-market trading the stock is down over 7% at $10.88. SWBI’s market cap is now at 540.14 million. SWBI’s 52-week trading range is between $9.93 and $18.94. SWBI stock is trading with a trailing Price to Earnings ratio (P/E) of 4.31 while the dividend yield is at 3.24%.

From a technical perspective, Smith & Wesson stock after the rebound from the September lows met strong resistance at the 100-day moving average. Bulls need a convincing break above $12.25 which would open the way for the next hurdle at $13.56 (200-day moving average). If Smith & Wesson shares fail to breach the 100-day moving average then we might see a correction towards the 50-day moving average at $11.09.

Previous Article

Salesforce (CRM) Under Pressure as Butterfield Leaving

Next Article

GameStop (GME) Third Quarter Earnings

You might be interested in …

Here is why Roku Soars Over 6%

Roku trades 6.42% higher at $83.49 after the company announced that in the first days of 2025 reached over 90 million streaming households. ROKU now expects to hit the 100 million milestone by early 2026. […]

Rivian Nasdaq 100 Rivian Automotive

Rivian (RIVN) to Join Nasdaq 100 Index

Rivian (RIVN) would be among the six companies to enter the Nasdaq 100 index on December 19, which represents the 100 biggest companies listed on the Nasdaq exchange.