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

by
posted on September 9, 2020
** When you buy products through the links on our site, we may earn a commission that supports NRA's mission to protect, preserve and defend the Second Amendment. **
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

Steelhead Outdoors Undercover Gun Safe
Steelhead Outdoors Undercover Gun Safe

First Look: Steelhead Outdoors Undercover Gun Safe

Keep your firearms secure and out of sight.

First Look: Mesa Tactical Pro Packages

Everything you need to upgrade your defensive shotgun.

Compressed Time

Time is a limited resource. Use it efficiently when you draw your pistol.

Review: Savage 110 Magpul Scout Rifle In 6.5 Creedmoor

Another version of Col. Jeff Cooper's ideal rifle.

First Look: New Knives from SIG Sauer And Eikonic

Ten different models are now available.

First Look: Ruger LCP Max With Thumb Safety

Add a little more peace of mind to a popular pocket pistol.

Interests



Get the best of Shooting Illustrated delivered to your inbox.