US firearms maker Smith & Wesson $SWBI has released earnings results for the first quarter of fiscal year 2024.
Results
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.
Dividend
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."
The results are great. Overall, I'm quite interested in this sector and I will take a closer look at this company.
Thanks for the tip.
Well, that's what I call solid results. Nice appreciation for those who speculated on growth.
Despite the jump today, it looks pretty decently priced. I'm surprised the stock didn't get to me, the products are famous.