Smith & Wesson sales reach all-time high

The gun manufacturer cranked up production in its factories this year to meet demand.

By Kim Peterson Jun 14, 2013 2:06PM
An attendee walks through the Smith and Wesson booth during the 2013 NRA Annual Meeting and Exhibits on May 3, 2013 in Houston, Texas (© Justin Sullivan/Getty Images)It's been year of tragic mass shootings and renewed calls for gun control. It's also been a year of record-breaking sales for Smith & Wesson (SWHC).

The company said Thursday it expects $588 million in sales for the fiscal year that ended April 30 -- a stunning 43% increase over the prior year. And profit is expected at $1.22 per share, up from just 40 cents a share a year earlier. The company reports its official results on June 25.

Smith & Wesson has never seen sales like this. The company's sales were pretty stagnant from 2009 to 2011, hovering in the range of $335 million to $358 million. But sales took off after that, fueled largely by consumer worries about a federal crackdown on gun purchases.

Smith & Wesson cranked up its factory production to meet the demand, an analyst told Bloomberg, which helped create the record numbers of the past year.

Investors were very pleased by Smith & Wesson's early numbers, sending shares up about 5% Friday to $9.76. The company is also making investors happy with a new plan to buy back $100 million in shares.

More on moneyNOW




Tags: RGRSWHC
68Comments
Jun 14, 2013 3:41PM
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The best security team on the planet: Smith & Wesson. You'll need them; the federal government is coming to take everything of value you think you own. 
Jun 14, 2013 3:25PM
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And they have no one to thank more than the POTUS and his administration...
Jun 14, 2013 4:04PM
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I love happy stories on MSN...usually it is just garbage on here....Good on you S&W
Jun 14, 2013 3:23PM
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Kind of strange that Smith and Wesson should thank the left for this...
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Better title for article:

POLLYANNA LIBERAL NAIVETY LEADS TO FAR STRONGER FIREARMS INDUSTRY AND BETTER ARMED CITIZENRY, THE OPPOSITE OF THEIR GOAL!

Jun 14, 2013 2:57PM
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For those whose retirement accounts used to have S&W in their portfolio before your govt pension funds divested...great move. You're banking less now based on their decisions. Personally, I prefer precious metals, especially lead and brass.

Jun 14, 2013 4:08PM
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I'm glad to see an American company make money for a change. It seems the new American trend in Manufacturing is mostly junk and trinkets,stuff you used to see stamped " Made in China ".
Jun 14, 2013 3:06PM
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I like my Smith and Wessons but I prefer my Rugers.
Jun 14, 2013 4:38PM
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Will Barry get the "Salesman of the Year" award?
Jun 14, 2013 6:29PM
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I'd be surprised if Colt, Glock, Kimber etc. didn't also have dramatic gains.  People are scared, they have reason to be.  Just look at the IRS scandal, the NSA scandal, and all the other related troubles going back to "fast and furious"
Jun 14, 2013 5:47PM
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Good, more guns means Feds will have tougher time trying to confiscate them. 
Jun 14, 2013 3:13PM
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what's a good lightweight pistol for a concealed weapon
Jun 14, 2013 6:31PM
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Most of the American population is smart. They see the 'big' picture. Good job done, Smith and Wesson....We only need one Department of, and that is the Department of Common Sense.

Jun 14, 2013 3:23PM
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I think the newer (2010 +) Walther .380 will fit that bill. I have a crimson laser on mine. The metal parst are Smith & Wesson the polymer is made in Germany.
Jun 14, 2013 6:00PM
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the prob with anti gun people is they dont understand why we love our guns and dont want any restrictions.How would you feel if your sport was golf and the gov decided to restrict your clubs,and how many golf ****ou could buy then who would be raising hell?be a diff .story then
Jun 14, 2013 6:25PM
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just bought a Smith & Wesson A R-22 one of the best on the market! no wonder they are having excellent profits!
Jun 14, 2013 4:14PM
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Seeing that the Military is mostly in support of Republicans, how can the Government come and get YOU! Yet that's exactly what they will tell you. By any measure, it has been a boon for the Gun and Ammo industry. Now here's the problem, if the ish really hits the fan, folks with Guns won't really care which party you belong to, they will shoot first and ask questions later.
Jun 14, 2013 6:12PM
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when the government comes to your door with guns in hand what will you do ?   say, what do you want?  we whant all of your food and water now. what will you do? get it to them?   stupid.
Jun 14, 2013 6:58PM
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Congrats S&W...atleast someone is making money.
Jun 14, 2013 5:44PM
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Too bad there is no ammo for all the guns. Just like a hammer w/o nails. Barry, nice job of backdoor gun control.
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