Smith & Wesson Holding Corp. (SWHC) Tops Q1 EPS by 9c
Smith & Wesson Holding Corp. sees Q2 2014 GAAP EPS of $0.20-$0.22, which may not compare tot the consensus of $0.29. Smith & Wesson Holding Corp. sees Q2 2014 revenue of $135-140 million, versus the consensus of $143 million.
Smith & Wesson Holding Corp. sees FY2013 GAAP EPS of $1.30-$1.35, versus the consensus of $1.3. Smith & Wesson Holding Corp. sees FY2013 revenue of $610-620 million, versus the consensus of $612 million.
James Debney, Smith & Wesson Holding Corporation President and Chief Executive Officer, stated, "Our results for the first quarter of fiscal 2014 reflect the continued successful execution of our growth strategy. We delivered improvements across all of our key metrics, including a meaningful increase in year-over-year sales and significant expansion of our gross margins. Ongoing increases in our manufacturing capacity, combined with strong consumer demand for firearms, resulted in increased market share and higher sales of our most popular M&P® products. Amidst that robust growth, we drove a number of significant initiatives in the quarter designed to strengthen our business and return increased value to our stockholders."
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