US firearms maker Smith & Wesson $SWBI+1.1% has released earnings results for the first quarter of fiscal year 2024.
Adjusted operating profit was $8.27 million.
Adjusted EBITDA was $17.5 million and gross margin was 26.6%. The Company achieved an EBITDA profit of USD 15.7 million in the same period last year. USD.
The Board of Directors approved a quarterly dividend of $0.12 per share. It will be paid to shareholders on October 5, 2023.
A word from the CEO
CEO Mark Smith said, "We are very pleased with our performance in the first quarter. Our excellent results reflect strong consumer demand for Smith & Wesson products. Sales of our products have remained steady even in a seasonally weaker period, indicating our health at both the supply chain and retail levels. The innovation and reputation of our iconic brand continues to be a significant factor for consumers."