{"id":1658,"date":"2024-03-08T14:44:29","date_gmt":"2024-03-08T14:44:29","guid":{"rendered":"https:\/\/stoxpo.com\/?p=1658"},"modified":"2024-03-08T14:44:30","modified_gmt":"2024-03-08T14:44:30","slug":"smith-wesson-beats-estimates-with-strong-q3-performance","status":"publish","type":"post","link":"https:\/\/stoxpo.com\/index.php\/2024\/03\/08\/smith-wesson-beats-estimates-with-strong-q3-performance\/","title":{"rendered":"Smith & Wesson Beats Estimates with Strong Q3 Performance"},"content":{"rendered":"\n

Smith & Wesson Brands exceeded expectations in its third-quarter fiscal year 2024<\/h3>\n\n\n\n

Smith & Wesson Brands (SWBI) exceeded expectations in its third-quarter fiscal year 2024, reporting adjusted earnings per share (EPS) of $0.19, surpassing the consensus estimate of $0.10. The company also achieved a notable 6.6% increase in revenue during the quarter.<\/p>\n\n\n\n

Shares of Smith & Wesson rose by 11.5% following the earnings announcement, reflecting investor optimism in the company’s performance. Sales for the quarter totaled $137.5 million, outpacing analyst predictions of $133.55 million.<\/p>\n\n\n\n

Despite revenue growth, the company experienced a contraction in gross margin, which declined by 370 basis points to 28.7%. Additionally, gross profit decreased by 5.7% to $39.4 million, while operating income dropped by 20.2% to $11.3 million.<\/p>\n\n\n\n

However, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) declined by 14.7% to $21.4 million, with a margin of 15.6%. Inventories decreased to $153.5 million as of January 31, 2024, down from $177.12 million in April 2023.<\/p>\n\n\n\n

Smith & Wesson remains optimistic about its market position, attributing its success to robust demand for its innovative products. The company’s board of directors approved a quarterly dividend of $0.12 per share, demonstrating confidence in its financial strength and outlook.<\/p>\n\n\n\n

You might like this article:FDA Delays Decision on Eli Lilly\u2019s Alzheimer\u2019s Drug, Donanemab<\/mark><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Smith & Wesson Brands exceeded expectations in its third-quarter fiscal year 2024 Smith & Wesson Brands (SWBI) exceeded expectations in its third-quarter fiscal year 2024, reporting adjusted earnings per share (EPS) of $0.19, surpassing the consensus estimate of $0.10. The company also achieved a notable 6.6% increase in revenue during the quarter. Shares of Smith […]<\/p>\n","protected":false},"author":1,"featured_media":1527,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"8","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar-narrow","sidebar":"author","second_sidebar":"single-right","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]}},"categories":[375,360],"tags":[],"coauthors":[453],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1658"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=1658"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1658\/revisions"}],"predecessor-version":[{"id":1659,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1658\/revisions\/1659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/1527"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=1658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=1658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=1658"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=1658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}