Smith & Wesson Q4 net sales $144.8M (down 20.1%), EPS $0.28; dividend raised 20% to $0.12

SMITH & WESSON BRANDS, INC.

2023-FY EPS reported $0.80 revenue$479,242,000

Q4 net sales $144.8M, down 20.1% YoY; gross margin 29.0% vs 39.8% prior year.
GAAP diluted EPS $0.28; adjusted EPS $0.32. Full-year net sales $479.2M, down 44.5%.
Full-year GAAP net income $36.9M ($0.80/share) vs $194.5M ($4.08/share) prior year.
Board approved 20% dividend increase to $0.12/share; payable July 27 to holders of record July 13.
Channel inventory declined for fifth consecutive quarter; management expects shipments to increase in FY2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SMITH & WESSON BRANDS, INC. reported the fourth quarter and full fiscal year 2023, ended April 30, 2023 results: revenue Net sales were $144.8 million, net income GAAP net income was $12.8 million, or $0.28 per diluted share, EPS $0.28 per diluted share.

Period: the fourth quarter and full fiscal year 2023, ended April 30, 2023
Revenue: Net sales were $144.8 million
Net income: GAAP net income was $12.8 million, or $0.28 per diluted share
EPS: $0.28 per diluted share
Result: reported results

Exact text from the filing

Smith & Wesson Brands, Inc. Reports Fourth Quarter and Full Fiscal 2023 Financial Results • Q4 Net Sales of $144.8 Million • Q4 Gross Margin of 29.0%; Non-GAAP Gross Margin of 29.4% • Q4 EPS of $0.28/Share; Q4 Adjusted EPS of $0.32/Share

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Source: SEC EDGAR

accession 0001193125-23-172552

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