UPDATE: Smith & Wesson Holding Corp. (SWHC) Tops Q3 EPS by 3c; Boosts Outlook

March 5, 2013 4:08 PM EST Send to a Friend
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(Updated - March 5, 2013 4:09 PM EST)

Smith & Wesson Holding Corp. (NASDAQ: SWHC) reported Q3 EPS of $0.26, $0.03 better than the analyst estimate of $0.23. Revenue for the quarter came in at $136.2 million versus the consensus estimate of $133.68 million.

Smith & Wesson Holding Corp. sees Q4 EPS of $0.38 and $0.40, versus the consensus of $0.30. Sees Q4 sales between $165.0 million and $170.0 versus the consensus of $155.06 million.

Smith & Wesson Holding Corp. sees FY2013 EPS of $1.17-1.19, versus the consensus of $1.06. Smith & Wesson Holding Corp. sees FY2013 revenue of $575-580 million, versus the consensus of $561.34 million. The company sees income from continuing operations of between $78.0 million and $79.5 million, and non-GAAP Adjusted EBITDAS from continuing operations of between $148.4 million and $150.7 million.

James Debney, Smith & Wesson Holding Corporation President and Chief Executive Officer, stated, "Our success in the third quarter was highlighted by significant year-over-year improvements in net sales, margin expansion, and bottom line profitability as we successfully executed our growth strategy, which is underpinned with a focus on firearms. Performance gains were driven by continued robust consumer demand for firearms as well as increased sales of our M&P® polymer pistols and modern sporting rifles. Based on incremental improvements in expanding our production capacity, which will be further deployed in the fourth quarter, we are increasing our financial guidance for the full fiscal year 2013."

For earnings history and earnings-related data on Smith & Wesson Holding Corp. (SWHC) click here.


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