Hat tip to The Blaze for this Report
Smith & Wesson Posts Insane Earnings, Revenues Skyrocket
The past couple of years have been alright for famed gun manufacturer Smith & Wesson but 2012 has been exceptionally kind.
“Gross profit for the first quarter was $51.3 million, or 37.7% of net sales, compared with gross profit of $26.5 million, or 28.9% of net sales, for the comparable quarter last year [emphasis added],” the company said in its press release.
And it doesn’t end there.
“The company earned 27 cents vs. expectations of 18 cents,” Business Insider’s Joe Weisenthal writes. “Revenue was $136 million vs. estimates of just over $128.7 million.”
The company also expects earnings of 19 to 21 cents in the next quarter, which, as Weisenthal notes, is way above earlier estimates of 13 cents.
But let’s try to visualize this information:
“When the final bubble does pop (and here we make the wild assumption that no intelligent extraterrestrial life will be found to bail out the central banks in time), at least everyone will be locked and loaded,” Zero Hedge notes.
Here are some key takeaways from the company’s most recent investor presentation [via Zero Hedge]:
- Record-level quarterly sales growth from continuing ops of $136.0M, +48.3% Y/Y
- Record-level quarterly income from continuing ops of $18.9M, or $0.28 per diluted share
- Raised Full Year Fiscal 2013 Financial Guidance
- Exceeded high end of upwardly revised sales guidance
- Backlog of $392.4M versus $148.8 one year ago
Simply put, and as the above chart clearly demonstrates, demand for the company’s products has grown exponentially over the past two years and it doesn’t look like it will slow down any time soon.
“Smith & Wesson rose $1.07, or 12 percent, to $10.07 on surging gun sales and a raised profit forecast,” the Associated Press reported Friday. “The gun company said it expects earnings for the quarter ending October to climb to as much as twice what analysts had expected.”
Check out the investor presentation here:
http://www.theblaze.com/stories/ready-smith-wesson-posts-insane-earnings-revenues-skyrocket/
Good Afternoon America
Was very hard to get here. I kept getting 404 had to use another search engine. I am surprised that the stock price is low. This would make a good commericial “Obama did build gun sales”!
Good to see you Muse. Obama did create this Gun Frenzy and I just came home from a Gun Show where it was wall to wall people buying up all the Guns and Ammo they could carry.
Well, I don’t own a S&W,
I do have a Ruger, and a Browning, and a Marlin.
New Post is up for Twilight’s Last Gleaming:
http://twighlightslastgleaming.wordpress.com/2012/09/08/obama-is-the-greatest-hoax-ever-perpetrated-on-the-american-people-clint-eastwood/
NEW POST IS UP FOR VOTING AMERICAN:
http://votingamerican.wordpress.com/2012/09/08/america-gets-what-it-deserves-if-it-re-elects-president-obama-representative-allen-west/
Did you hear about the 92 year old WWII vet that shot an intruder dead with a .22 rifle ?
You Betcha !
Heard about that. Did you hear about the NY cops wounding nine bystanders? That story got scrubbed from the news the next day and I haven’t heard another word about it.
New Post is out for Twilight’s Last Gleaming:
http://twighlightslastgleaming.wordpress.com/2012/09/09/joe-biden-hittin-the-campaign-tail-in-ohio-clinton-style/
New Post is out for Voting American:
http://votingamerican.wordpress.com/2012/09/10/what-kind-of-man-is-mitt-romney/
New Post is up for Village of the Banned:
http://ireporters.wordpress.com/2012/09/10/how-can-anyone-in-their-right-mind-trust-obama-and-the-democratic-party-with-a-second-term/