secwatch.observer — SEC 8-K summary
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Issuer:     SMITH & WESSON BRANDS, INC. (SWBI)
CIK:        0001092796
Form:       8-K
Filed at:   2023-06-22T23:59:59+00:00
Accession:  0001193125-23-172552
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092796/000119312523172552/0001193125-23-172552-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092796/000119312523172552/d524330d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-172552

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