Smith & Wesson Brands, Inc. Reports Third Quarter Fiscal 2021 Financial Results

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Go back to Smith & Wesson Brands, Inc. Reports Third Quarter Fiscal 2021 Financial Results

Smith & Wesson Brands (SWBI) Tops Q3 EPS by 36c, Revenues Beat

March 4, 2021 4:07 PM EST

Smith & Wesson Brands (NASDAQ: SWBI) reported Q3 EPS of $1.12, $0.36 better than the analyst estimate of $0.76. Revenue for the quarter came in at $257.6 million versus the consensus estimate of $236.7 million.

Third Quarter Fiscal 2021 Consolidated Financial Highlights

Quarterly net sales were $257.6 million compared with $127.4 million for the comparable quarter last year, an increase of 102.2%. Gross margin for the quarter was 42.6% compared with 28% for the comparable quarter last year.Quarterly GAAP net income was a record $62.3 million, or $1.12 per diluted share, compared with $4.2 million, or $0.08 per diluted share, for the comparable quarter last... More