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Smith & Wesson Holding Corporation Reports Third Quarter Fiscal 2014 Financial Results
Yahoo Finance ^

Posted on 03/04/2014 1:14:52 PM PST by Red in Blue PA

Third Quarter Fiscal 2014 Financial Highlights

Net sales for the third quarter were $145.9 million, up 7.1% from the third quarter last year. When excluding Walther products that were sold in the prior year pursuant to a distribution agreement that has since ended, net sales growth was 16.7%. Handgun sales, which include sales of the company's popular M&P® pistols, grew 29.9% versus the year ago quarter. Gross profit for the third quarter was $58.7 million, or 40.2% of net sales, compared with gross profit of $49.9 million, or 36.6% of net sales, for the comparable quarter last year. Gross profit margin improved as a result of favorable product mix, absorption, and manufacturing efficiencies, as well as reduced promotions and the absence of lower-margin Walther product sales. Operating expenses for the third quarter were $27.5 million, or 18.9% of net sales, compared with operating expenses of $21.9 million, or 16.1% of net sales, for the third quarter last year. A significant portion of the operating expense increase related to the company's ERP implementation, which commenced in the second quarter. Operating income for the third quarter was 21.3% of net sales compared with 20.6% for the third quarter last year. Income from continuing operations for the third quarter was $20.1 million, or $0.35 per diluted share, compared with $17.5 million, or $0.26 per diluted share, for the third quarter last year. Non-GAAP Adjusted EBITDAS from continuing operations for the third quarter increased to $37.5 million from $33.3 million for the third quarter last year. Operating cash generated for the third quarter was $29.6 million. Cash used in investing activities of $21.9 million included capital spending of $10.2 million and equipment deposits of $11.7 million, yielding free cash flow of $7.6 million.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: News/Current Events
KEYWORDS: banglist
Stock up over 6% in AH trade.
1 posted on 03/04/2014 1:14:53 PM PST by Red in Blue PA
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To: Red in Blue PA

2 posted on 03/04/2014 1:20:36 PM PST by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: Vaquero

I can relate to your tag line, buddy. :-)


3 posted on 03/04/2014 1:23:32 PM PST by Howie66 (John Wayne McCornyn...he's just like US! Honest!)
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Comment #4 Removed by Moderator

To: Vaquero; Stillwaters
LOL!


5 posted on 03/04/2014 1:29:02 PM PST by lonevoice (We can evade reality, but we cannot evade the consequences of evading reality)
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To: Red in Blue PA

SWHC was a good investment; so were ATK, OLN and RGR. That ‘Personal Defense’ section of my portfolio smiles.


6 posted on 03/04/2014 1:29:44 PM PST by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
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To: lonevoice

That graphic is true.
And a lot of Dems have made serious money betting on firearms investments.


7 posted on 03/04/2014 1:34:42 PM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: carriage_hill
Someone recommended Sturm Ruger a coupla years ago. Wish I'd bot some.

What the story tells me is that S&W is raising prices and the price increases are sticking to their bottom line.

8 posted on 03/04/2014 1:35:15 PM PST by lentulusgracchus
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To: Red in Blue PA

I purchased two S&W revolvers last year and I have my eye on a sweet .44 mag that I probably won’t be able to say no to this year. I think between their M&P rifles, their classic revolvers, their niche revolvers, and their semi-auto pistols S&W is positioned very well to maintain high sales for the foreseeable future. I would like to see them offer some customization options to their customers though. There are some high demand revolver options that they are shying away from producing for some reason, a 627 with a fluted cylinder, 3 inch barrel, and blued steel finish for example. last one I saw sold for about $1,800.


9 posted on 03/04/2014 1:35:16 PM PST by RC one (Militarized law enforcement is just a nice way of saying martial law enforcement.)
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To: carriage_hill

RGR went from 5 to 85 (a 17 fold increase) in a matter of 5 years (2009 to 2014) while FB went from a low of about 17 to about 71 (a 4.17 fold increase AT BEST), yet all you hear on CNBC is Facebook this and Facebook that.


10 posted on 03/04/2014 1:36:53 PM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Red in Blue PA

Farce-Butt is one stock I passed-up, although it was offered by a friend (she’s a libertarian) who works there, at near-IPO prices. No sense in feeding that libtard owner any of my income.


11 posted on 03/04/2014 2:20:18 PM PST by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
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To: lentulusgracchus

Everything is a little/a lot over-valued now; wait until we get the big market correction, and then buy some.


12 posted on 03/04/2014 2:25:58 PM PST by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
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To: carriage_hill
>>>Everything is a little/a lot over-valued now; wait until we get the big market correction, and then buy some. If you really think so, short it & why wait?
13 posted on 03/04/2014 2:35:31 PM PST by SIRTRIS
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To: carriage_hill

Paper or steel?


14 posted on 03/04/2014 2:37:15 PM PST by dangerdoc (I don't think you should be forced to make the same decision I did even if I know I'm right.)
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To: carriage_hill

Ruger is down 25%.

Starbucks is down 15%.

Procter & Gamble is down 10%.

The market is hitting new highs but there are alot of companies down big.


15 posted on 03/04/2014 2:37:37 PM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: carriage_hill

Add GNRC COP KMB WY to that list and you have yourself a winning portfolio!


16 posted on 03/04/2014 2:42:48 PM PST by samadams2000 (Someone important make......The Call!)
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To: dangerdoc

Both.


17 posted on 03/04/2014 2:45:35 PM PST by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
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To: SIRTRIS

You gotta be good to do that and win. I’m just lucky.


18 posted on 03/04/2014 2:47:07 PM PST by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
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To: Red in Blue PA

People have been grabbing guns while they can because they are afraid of loosing their right
http://freedomfathers.com/u-s-court-overturns-unconstitutional-gun-control-restrictions-california/


19 posted on 03/04/2014 2:49:14 PM PST by MDDonigan (Unconstitutional gun control restrictions lifted in California)
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To: samadams2000

I’ll look into them; thanks.


20 posted on 03/04/2014 2:54:15 PM PST by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
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To: RC one
I have my eye on a sweet .44 mag.

I've had my eye on one, too. I have had a Taurus and a Colt .357 for many years and think they're just super. Must.resist.44.magnum, though...Oh, hell, one has to have some fun, you know.

21 posted on 03/04/2014 4:26:24 PM PST by OldPossum ("It's" is the contraction of "it" and "is"; think about ITS implications.)
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