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Old 08-26-2014, 04:51 PM
cdynaco cdynaco is offline
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Location: Cascade Mts State of Jefferson
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Smith & Wesson Qtrly Earnings


Smith & Wesson posts lower profit on weaker rifle demand

Published: Aug 26, 2014

SAN FRANCISCO (MarketWatch) -- Smith & Wesson Holding Corp. SWHC, -10.15% citing lower demand for rifles and shotguns, reported late Tuesday a fiscal first-quarter 2015 profit of $14.6 million, or 26 cents a share, compared with $26.5 million, or 40 cents a share, a year ago. Revenue for the quarter ended July 31 fell to $131.9 million from $171 million. Analysts polled by FactSet had expected the gunmaker to post earnings of 25 cents a share on $134 million in revenue. Looking ahead, the company said it expects to earn between 4 cents and 8 cents a share in its fiscal 2015 second quarter and between 89 cents and 94 cents a share for the full year. Analysts had been looking, on average, for 28 cents a share in the second quarter and $1.37 a share for full-year earnings.
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Old 08-26-2014, 04:58 PM
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dsk dsk is offline
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Proof positive that if the antis want to slow the proliferation of guns in this country they need to stop trying to ban them.
Avoid the temptation to replace everything on your brand-new 1911 just to make it "better". Know what you're changing out and why. You may spend a lot of money fixing things that weren't broken to begin with. Shoot at least 500 rounds through it first, then decide what you don't like and want to improve. Regarding vintage 1911s, pre-1970 pistols are highly collectible in original, unaltered condition and should NEVER be refinished or modified as it completely ruins their monetary value.
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Old 08-26-2014, 05:01 PM
kcub kcub is offline
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Maybe they'll have to start making revolvers without stupid locks.
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Old 08-26-2014, 06:59 PM
magazineman magazineman is online now
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The Big Scare is fading away. People are not buying every AR that becomes available anymore. Glad to see this. Maybe ammo availability & pricing will improve as well.
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Old 08-26-2014, 07:06 PM
Trigger Creep Trigger Creep is offline
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It's not that sales are down now. They are returning back to normal.

Sales were up across the industry for a couple boom years, beginning to return to normal this year.

But too many reporters in business and economy never look at long term trends in the big picture. Too many just report whatever they can sensationalize today.
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Old 08-26-2014, 11:30 PM
Peacemkr40 Peacemkr40 is offline
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Location: S. Fort Worth, TX
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Based on the stories I read today, it said their rifle and shotgun divisions were the lower than expected sales. This means the rest of the company is still at or near max production. I would watch it for another quarter and if they're still dropping, it might be time to buy just before elections.
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Old 08-26-2014, 11:59 PM
SKIandSKY SKIandSKY is offline
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I think things are slowing down. The low prices (and proliferation) of VEPR 12 shotguns on gunbroker even after the import ban are telling. I think the people who would have bought those up already have.

S&W M&P 15's aren't all that great. Mine, bought in 2009, has QC problems. I think this was due to the speed at which those were turned out.
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The only real test of character is doing the right thing when all that is guaranteed in return is a risk to one's life, income, and/or property.
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