secwatch.observer — SEC 8-K summary
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Issuer:     SMITH & WESSON BRANDS, INC. (SWBI)
CIK:        0001092796
Form:       8-K
Filed at:   2022-09-08T23:59:59+00:00
Accession:  0001193125-22-241006
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092796/000119312522241006/0001193125-22-241006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092796/000119312522241006/d342058d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-241006

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