secwatch.observer — SEC 8-K summary
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Issuer:     SMITH & WESSON BRANDS, INC. (SWBI)
CIK:        0001092796
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001193125-23-230613
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092796/000119312523230613/0001193125-23-230613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092796/000119312523230613/d549807d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-230613

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