Smith & Wesson Q1 net sales $114.2M (+35% YoY); GAAP EPS $0.07, adj. EPS $0.13; declares $0.12 dividend

SMITH & WESSON BRANDS, INC.

2024-Q1 EPS reported $0.07 revenue$114,243,000

Q1 net sales $114.2M, up 35.4% YoY; GAAP net income $3.1M ($0.07 diluted EPS).
Non-GAAP net income $6.1M ($0.13 diluted EPS); adjusted EBITDAS $17.5M (15.3% of sales).
Gross margin 26.6% (down from 37.3%); management reaffirms annual gross margin model of at least 32%.
Board declared $0.12 per share quarterly dividend; record Sep 21, payable Oct 5.
Cash from operations $40.6M, up >$33M YoY; inventory reductions cited.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SMITH & WESSON BRANDS, INC. reported first quarter fiscal 2024, ended July 31, 2023 results: revenue Net sales were $114.2 million, net income GAAP net income was $3.1 million, or $0.07 per diluted share, EPS $0.07 per diluted share.

Period: first quarter fiscal 2024, ended July 31, 2023
Revenue: Net sales were $114.2 million
Net income: GAAP net income was $3.1 million, or $0.07 per diluted share
EPS: $0.07 per diluted share
Result: reported results

Exact text from the filing

Smith & Wesson Brands, Inc. Reports First Quarter Fiscal 2024 Financial Results - Q1 Net Sales of $114.2 Million - Q1 Gross Margin of 26.6%; Non-GAAP Gross Margin of 27.4% - Q1 EPS of $0.07/Share; Q1 Adjusted EPS of $0.13/Share - Q1 Adjusted EBITDAS Margin of 15.3% SPRINGFIELD, Mass., September 7, 2023 – Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI) , a U.S.-based leader in firearm manufacturing and design, today announced financial results for the first quarter fiscal year 2024, ended July 31, 2023.

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Source: SEC EDGAR

accession 0001193125-23-230613

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