Smith & Wesson Brands, Inc., Reports Record-Breaking Firearms Sales

by
posted on September 9, 2020
sw.jpg
In case you were wondering if gun sales were having a couple of excellent months, a recent first-quarter report from Smith & Wesson Brands, Inc., gives every indication that firearm sales are as strong as ever. 

According to the report, Smith & Wesson Brands, Inc., recorded a quarterly net sales of $278 million, as compared to last year's first quarter earnings of $123.7 million—a 124.8-percent increase over last year. The firearms segment of S&W's business—which made up the bulk of sales for the family of brands—grossed $229.9 million, a 140.9-percent increase over last year. 

Mark Smith, president and chief executive officer, said, "I am pleased to report record-breaking first quarter financial results for Smith & Wesson Brands, Inc. ... Our record revenue and unit sales during the quarter demonstrates our ability to rapidly respond to increased demand through our flexible manufacturing model and our state-of-the-art distribution facility, delivering outstanding products that resonate with the firearms consumer.”

Thanks to an outstanding first quarter of sales, Smith reported that the board of directors had authorized the company to declare a regular, quarterly cash dividend of $0.05 per share, which will be payable Oct. 1, 2020 to shareholders of record as of the market close on Sep. 17, 2020. 

Latest

Mesa tactical shotshell holder
Mesa tactical shotshell holder

First Look: Mesa Tactical Sureshell Carrier with RMR Mount

Mount a red dot to your shotgun and keep your spare shotgun ammo close at hand.

The Best of the Blowbacks: Mauser HSc and the Heckler & Koch Model 4

In the April 2022 issue of Shooting Illustrated, this column looked at my all-time favorite carry gun, the Colt Model M or 1903/1908. This month we look at my favorite European semi-automatic, the Mauser HSc and its cousin, the Heckler & Koch Model 4.

Wilson Acquires New Ultralight Arms

The bolt-action rifle manufacturer joins other companies such as Lehigh Defense and Chip McCormick Customs.

First Look: New FN 15 DMR Rifles from FN America

New Geissele triggers, SureFire muzzle devices and hybrid barrel profies are just some of the upgrades.

First Look: Bond Arms Grizzly

Packing the power of either .45 Colt or .410-bore shotshells in a pint-sized package.

Developing Good Shooting Habits

Consistency and repetition are the keys to building on-demand skills.

Interests



Get the best of Shooting Illustrated delivered to your inbox.