Smith & Wesson (SWHC), Ruger (RGR) on Watch Following Olin's (OLN) Q4 Results
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Shares of Smith & Wesson (Nasdaq: SWHC) and Sturm Ruger (NYSE: RGR) are on traders' radars Tuesday morning following fourth-quarter results from peer Olin Corp. (NYSE: OLN).
Olin topped EPS estimates by 8 cents, while revs of $587.6 million also exceeded views. Guidance for first-quarter 2013 was a little mixed.
Notably, Winchester sales rose 27.2 percent to $155.8 million, with Olin commenting that, "The increase in fourth quarter 2012 sales compared to the fourth quarter of 2011 reflects increased shipments to commercial, military and law enforcement customers." Olin also noted improved volumes and pricing for margin expansion in the segment.
Smith & Wesson isn't likely to report second-quarter results until early March, while Sturm Ruger may report within a few days.
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Olin topped EPS estimates by 8 cents, while revs of $587.6 million also exceeded views. Guidance for first-quarter 2013 was a little mixed.
Notably, Winchester sales rose 27.2 percent to $155.8 million, with Olin commenting that, "The increase in fourth quarter 2012 sales compared to the fourth quarter of 2011 reflects increased shipments to commercial, military and law enforcement customers." Olin also noted improved volumes and pricing for margin expansion in the segment.
Smith & Wesson isn't likely to report second-quarter results until early March, while Sturm Ruger may report within a few days.
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