---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-230613"
form_type: "8-K"
ticker: "SWBI"
cik: "0001092796"
company_name: "SMITH & WESSON BRANDS, INC."
filed_at: "2023-09-07T23:59:59+00:00"
generated_at: "2026-06-10T22:32:23.014878+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-230613
- form_type: 8-K
- ticker: SWBI
- cik: 0001092796
- company_name: SMITH & WESSON BRANDS, INC.
- filed_at: 2023-09-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1092796/000119312523230613/0001193125-23-230613-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1092796/000119312523230613/d549807d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-230613
- JSON: https://secwatch.observer/filing/0001193125-23-230613.json
- Plain text: https://secwatch.observer/filing/0001193125-23-230613.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1092796/000119312523230613/0001193125-23-230613-index.htm

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