Smith & Wesson Q2 revenue up 3.2% to $125M; GAAP EPS falls to $0.05; declares $0.12 dividend

SMITH & WESSON BRANDS, INC.

2024-Q2 EPS reported $0.12 revenue$239,201,000

Net sales $125.0M (+3.2% YoY); GAAP net income $2.5M ($0.05 diluted EPS vs $0.21 YoY).
Non-GAAP net income $6.5M ($0.14 adjusted EPS vs $0.26 YoY); Adjusted EBITDAS $19.3M (15.5% margin).
Gross margin 25.4% vs 32.4% YoY; CFO cites temporary fixed-cost and inventory reserve headwinds.
Board declares $0.12 quarterly dividend, payable Jan 4, 2024 to holders of record Dec 21, 2023.
Repurchased 646K shares for $8.2M under $50M authorization.

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 0.95

SMITH & WESSON BRANDS, INC. reported second quarter of fiscal 2024, ended October 31, 2023 results: revenue $125.0 million, net income $2.5 million, or $0.05 per diluted share, EPS $0.05/Share.

Period: second quarter of fiscal 2024, ended October 31, 2023
Revenue: $125.0 million
Net income: $2.5 million, or $0.05 per diluted share
EPS: $0.05/Share
Result: reported results

Exact text from the filing

Smith & Wesson Brands, Inc. Reports Second Quarter Fiscal 2024 Financial Results • Q2 Net Sales of $125.0 Million • Q2 Gross Margin of 25.4%; Non-GAAP Gross Margin of 28.3% • Q2 EPS of $0.05/Share; Q2 Adjusted EPS of $0.14/Share • Q2 Adjusted EBITDAS Margin of 15.5%

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SMITH & WESSON BRANDS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-290695

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