Smith & Wesson (SWHC) Revises Q4, FY15 Outlook Ahead of Expectations
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Smith & Wesson (Nasdaq: SWHC) announced that it is updating expectations for its fourth quarter and full 2015 fiscal year, which will end April 30, 2015. The company indicated that orders throughout its fiscal fourth quarter have been stronger than originally anticipated and it is therefore increasing its guidance.
Financial Outlook
For the fourth quarter of fiscal 2015, the company expects net sales of between $175.0 million and $179.0 million and GAAP earnings per diluted share from continuing operations of between $0.34 and $0.36. On a non-GAAP basis, the company expects earnings per diluted share to be between $0.39 and $0.41.
For full 2015 fiscal year, the company expects net sales of between $546.0 million and $550.0 million and GAAP earnings per diluted share from continuing operations of between $0.84 and $0.86. On a non-GAAP basis, the company expects earnings per diluted share to be between $0.96 and $0.98.
*** The Street is modeling Q4 revenue of $164.6 million and EPS of $0.26 and FY15 revs of $535.5 million and EPS of $0.77.
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