Key Developments: Smith & Wesson Holding Corp (SWHC.O)
8.97USD
22 May 2013
$-0.24 (-2.61%)
$9.21
$9.21
$9.25
$8.82
2,050,990
2,278,561
$11.25
$6.07
Latest Key Developments (Source: Significant Developments)
Smith & Wesson Holding Corp Issues Q4 2013 Guidance Above Analysts' Estimates; Raises FY 2013 Guidance
Smith & Wesson Holding Corp announced that for the fourth quarter of 2013, it expects net sales from continuing operations to be between $165.0 million and $170.0 million and GAAP earnings per diluted share from continuing operations of between $0.38 and $0.40. For fiscal 2013, the Company is raising its financial guidance and expects net sales from continuing operations of between $575.0 million and $580.0 million and GAAP earnings per diluted share (EPS) from continuing operations of between $1.17 and $1.19. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $155 million and EPS of $0.30 for the fourth quarter of 2013 revenues of $561 million and EPS of $1.06 for fiscal 2013. Full Article
Smith & Wesson Holding Corp Issues Q3 2013 Guidance Above Analysts' Estimates; Raises FY 2013 Guidance
Smith & Wesson Holding Corp announced that for the third quarter of fiscal 2013, it expects revenue to be between $126.0 million and $131.0 million and expects GAAP earnings per diluted share from continuing operations of between $0.19 and $0.21. The Company also announced that it is raising fiscal 2013 financial guidance and anticipates net sales from continuing operations of between $550.0 million and $560.0 million and GAAP earnings per diluted share from continuing operations of between $1.00 and $1.05. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $125.2 million and EPS of $0.16 for the third quarter of 2013 revenues of $537.9 million and EPS of $0.91 for fiscal 2013; . Full Article
Smith & Wesson Holding Corp Reaffirms FY 2013 Guidance
Smith & Wesson Holding Corp reaffirmed fiscal 2013 guidance and expects sales from continuing operations between $530 million and $540 million, which would represent year over year growth from continuing operations of approximately 30%. The Company is also reaffirming fiscal 2013 GAAP earnings per diluted share (EPS) from continuing operations of between $0.85 and $0.90. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $538 million for fiscal 2013. Full Article
Smith & Wesson Holding Corp Issues Q2 2013 Revenue Guidance Above Analysts' Estimates; Raises FY 2013 Revenue Guidance
Smith & Wesson Holding Corp announced that for the second quarter of 2013, it expects net sales from continuing operations to be between $130.0 million and $135.0 million and GAAP earnings per diluted share (EPS) from continuing operations of between $0.19 and $0.21. For fiscal 2013, it is raising its guidance and expects net sales from continuing operations of between $530.0 million and $540.0 million and GAAP earnings per diluted share (EPS) from continuing operations of between $0.85 and $0.90. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $119 million for the second quarter of 2013 and revenue of $498.2 million for fiscal 2013. Full Article
Smith & Wesson Holding Corporation Completes Sale Of Smith & Wesson Security Solutions Assets
Smith & Wesson Holding Corporation announced that it has completed the sale of substantially all of the assets and various liabilities of Smith & Wesson Security Solutions, Inc. (SWSS), a wholly owned subsidiary of the Company that provides turnkey perimeter security solutions and that was reported as discontinued operations in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2012. Smith & Wesson had previously announced, on October 6, 2011, that it had decided to divest SWSS. On July 10, 2012, the Company announced that it had entered into an Asset Purchase Agreement with FutureNet Group, Inc. of Detroit, Michigan, to dispose of substantially all of the assets and various liabilities of SWSS. The Company completed the disposition on July 26, 2012. The total consideration is less than $10.0 million, including proceeds from a two-year licensing agreement. Full Article
Smith & Wesson Holding Corporation Issues Q1, FY 2013 Revenue Guidance Above Analysts' Estimates
Smith & Wesson Holding Corporation announced that for the first quarter of 2013, it expects net sales from continuing operations to be between $125.0 million and $130.0 million and GAAP earnings per share from continuing operations of between $0.16 and $0.19. For fiscal 2013, it expects net sales from continuing operations to be between $485.0 million and $505.0 million and GAAP earnings per share from continuing operations of between $0.60 and $0.65. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $112.6 million for the first quarter of 2013 and revenue of $466.0 million for fiscal 2013. Full Article
Smith & Wesson Holding Corporation Raises FY 2012 Revenue Outlook; Issues Q1 2012 Revenue Outlook In Line With Analysts' Estimates
Smith & Wesson Holding Corporation announced that it is raising its anticipated net sales outlook from continuing operations for fiscal 2012 to between $395.0 million and $400.0 million. The Company expects net sales from continuing operations for the fourth quarter of 2012 to be between $113.0 million and $118.0 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $393.1 million for fiscal 2012 and revenue of $114.0 million for the first quarter of 2012. Full Article
Smith & Wesson Holding Corporation Secures Contract
Smith & Wesson Holding Corporation, parent company of Smith & Wesson Corp., announced that it has received contracts from the Massachusetts State Police and the Vermont State Police for new duty firearms from the M&P Pistol Series. The Massachusetts State Police has selected the M&P45 pistol, while the Vermont State Police has adopted the M&P40 pistol as its new service firearm. Both of the statewide law enforcement agencies have initiated the transition process and Troopers are currently using the M&P pistol in the field. Through its contract with Smith & Wesson, the Vermont State Police has ordered 390 M&P40 pistols. During its open evaluation process, the M&P40 pistol received high marks by the Vermont troopers for its low perceived recoil, reliability during testing, and consistent performance. The new side arms are being supported with a full range of services from Smith & Wesson, including armorer's training and advanced firearms training courses. Full Article
Smith & Wesson Holding Corporation Raises FY 2012 Revenue Guidance; Issues Q3 2012 Revenue Guidance Below Analysts' Estimates
Smith & Wesson Holding Corporation announced that for fiscal 2012, it is raising its anticipated net sales from continuing operations to between $385.0 million and $395.0 million. For the third quarter of 2012, it expects net sales from continuing operations to be between $92.0 million and $96.0 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $101 million for the third quarter of 2012. Full Article
Smith & Wesson Holding Corporation And Traditions Sporting Goods Settle Patent Infringement Dispute
Smith & Wesson Holding Corporation and its Thompson/Center Arms business ("Smith & Wesson"), Traditions Sporting Goods, Inc. ("Traditions"), and Ardesa S.A. d/b/a Ardesa Firearms (Ardesa"), announced that they have reached an agreement to settle patent infringement complaints brought by Smith & Wesson in the U.S. International Trade Commission (USITC) and U.S. federal court. Under the terms of the agreement, Traditions and Ardesa have agreed to a multi-year license agreement, allowing them to use certain Thompson/Center Arms muzzleloader rifle technology. In exchange, Smith & Wesson has agreed to dismiss all infringement claims asserted in the complaints. Further details and financial terms of the settlement are not being made available. Full Article
California pension fund to divest from gunmakers
SAN FRANCISCO - California's pension fund for teachers made official on Friday its plan to divest holdings in firearms companies whose weapons are illegal in the state.
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