Smith & Wesson in Springfield posts increase in quarterly earnings, sales figures

The Republican ^

[matt04]

Gunmaker Smith & Wesson reported positive results for its most recent quarter Tuesday after the close of stock market trading.

Smith & Wesson's income from continuing operations for the quarter ending Jan. 31 was $20.1 million, or 35 cents per share, up from $17.5 million, or 26 cents per diluted share, for the same time period last year, according to a news release.

Net sales for the quarter were $145.9 million, up 7.1 percent from the $136.2 million same time period 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 percent.

Handgun sales, which include sales of the company's popular M&P pistols, grew 29.9 percent versus the year-ago quarter.

[matt04]

But, but, MIAG and others have said people don't want guns anymore and want to have strict gun control regulations. How can this be?

[rktman]

According to a “pole”, more than 65% of those surveyed in the northeastern US want tighter gun restrictions. This from Emily Miller reporting. Surprised she didn’t call BS instantly. With any luck at all, S&W will make enough to move all operations out of the northeast. “They” don’t want “them” there so pull up stakes and head out. I’ll help ya move.

[matt04]

I call BS on that 65% figure. Both NY and CT had to ram their anti 2a bills thru as a ECert, cutting out most committee headings and public comments. Even in deep blue CT, most of the public comments on news sites were pro-2a and many of the anti 2a protesters were bussed in.

[grandpa jones]

love my 5906