---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-241006"
form_type: "8-K"
ticker: "SWBI"
cik: "0001092796"
company_name: "SMITH & WESSON BRANDS, INC."
filed_at: "2022-09-08T23:59:59+00:00"
generated_at: "2026-06-23T12:33:29.768166+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SWBI Q1 net sales down 69.3% to $84.4M, GAAP EPS $0.07 vs $1.57 YoY

## Summary
- Q1 net sales $84.4M, down 69.3% YoY from $274.6M; GAAP EPS $0.07 diluted vs $1.57 YoY.
- Non-GAAP EPS $0.11; adjusted EBITDAS $15.7M (18.5% of sales) vs $109.6M (39.9%) YoY.
- Gross margin 37.3% (38.8% excl relocation costs), flat versus fiscal Q1 2020.
- Cash $110.5M, no debt; board declared $0.10 quarterly dividend payable Oct 6.
- Management says inventory correction largely behind; order rates improving in recent weeks.

## SEC filing metadata
- accession: 0001193125-22-241006
- form_type: 8-K
- ticker: SWBI
- cik: 0001092796
- company_name: SMITH & WESSON BRANDS, INC.
- filed_at: 2022-09-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1092796/000119312522241006/0001193125-22-241006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1092796/000119312522241006/d342058d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-241006
- JSON: https://secwatch.observer/filing/0001193125-22-241006.json
- Plain text: https://secwatch.observer/filing/0001193125-22-241006.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.