Steve Dyer - Craig-Hallum Thank you, and good afternoon. Our comments today may contain forward-looking statements. Our use of the words anticipate, project, estimate, expect, intend, believe, and other similar expressions are intended to identify forward-looking statements. Forward-looking statements may also include statements on topics such as our product development, objectives, strategies, market share, demand, consumer preferences, inventory conditions for our products, growth opportunities and trends ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2024 Commission File No. 001-31552 Smith & Wesson Brands, Inc. (Exact name of registrant as specified in its charter) Nevada 87-0543688 (State or other jurisdiction of incorporation or organization) 2100 Ro ...

MARYVILLE, Tenn., March 7, 2024 – Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced financial results for the third quarter of fiscal 2024, ended January 31, 2024. Financial Highlights Mark Smith, President and Chief Executive Officer, commented, "Our team delivered another strong quarter on both the top and bottom line. We believe we gained market share as our shipments outpaced the overall firearm market, reflecting the conti ...

财务数据和关键指标变化 - 第二季度净销售额为1.25亿美元,同比增长3.2% [22] - 毛利率为25.4%,受到3.2百万美元的一次性法律费用的影响,剔除该影响后毛利率为28%,较上一季度提高1.4个百分点,但同比下降4.4个百分点,主要由于产能利用率下降、通胀因素和存货准备金调整所致 [24] - 预计第三季度毛利率将与第二季度持平,第四季度将反弹至低30%区间 [29] 各条业务线数据和关键指标变化 - 新产品销售占比为29%,在上半年达到31%,公司计划在SHOT展会上推出一些令人兴奋的新产品 [10][11] - 平均售价较上一季度有所下降,预计第三季度将下降约5%,主要由于促销活动增加和手枪产品组合向低价产品倾斜 [28][29] 各个市场数据和关键指标变化 - 零售端需求在10月和11月有所回升,符合正常的季节性模式,预计第三季度销售增长将高于去年同期 [28] - 渠道库存水平较去年同期有所下降,处于健康水平 [22][28] 公司战略和发展方向及行业竞争 - 公司在创新方面处于行业领先地位,连续两年获得行业大奖,新产品保持强劲势头,预计未来将保持新产品推出的良好节奏 [10][11][42][43] - 搬迁至田纳西州的新厂房建设进展顺利,预计未来资本支出将大幅下降 [16][31] - 公司将继续保持稳健的资本配置策略,在投资业务、保持无负债和回报股东之间保持平衡 [17][31] 管理层对经营环境和未来前景的评论 - 行业促销活动有所增加,但整体环境仍较为理性,不会回到几年前非常激烈的状态 [35][36][37] - 零售端需求呈现良好的季节性模式,预计明年选举年将带来进一步的需求提升 [39][40][41] - 公司有信心通过产品组合、定价策略和创新优势来应对促销环境的挑战,维持健康的毛利率水平 [12][13][29] 其他重要信息 - 公司在第二季度回购了约64.6万股,并宣布派发0.12美元的季度股息 [27] - 预计在未来12个月内实现无负债的资产负债表,并进一步增强现金流生成能力,为股东回报创造条件 [31] 问答环节重要的提问和回答 问题1 **Mark Smith 提问** 询问公司对当前促销环境和平均售价走势的看法 [34] **Mark Smith 回答** - 促销活动有所增加,但整体环境仍较为理性,不会回到几年前非常激烈的状态 [35][36][37] - 预计第三季度平均售价将下降约5%,主要受促销活动和产品组合变化的影响 [28][29] 问题2 **Mark Smith 提问** 询问公司对近期需求环境的判断,是否存在可持续性 [38] **Mark Smith 回答** - 10月和11月需求明显回升,符合正常的季节性模式,预计未来保持稳定 [39][40] - 明年选举年将带来进一步的需求提升 [41] 问题3 **Mark Smith 提问** 询问公司新产品管线和SHOT展会的情况 [41] **Mark Smith 回答** - 公司在创新方面处于行业领先地位,将继续保持新产品推出的良好节奏 [42][43] - SHOT展会上将推出一些令人兴奋的新产品,但新产品推出不会集中在展会期间,而是持续贯穿全年 [44]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 Commission File No. 001-31552 Smith & Wesson Brands, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 2100 Roosevelt Avenue Spr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2023 Commission File No. 001-31552 Smith & Wesson Brands, Inc. (Exact name of registrant as specified in its charter) Nevada 87-0543688 (State or other jurisdiction of (I.R.S. Employer incorporation or organiz ...

净销售额和净利润 - 2023财年净销售额为4.792亿美元，较2022财年净销售额下降了44.5%[107] - 2023财年净利润为3690万美元，较2022财年净利润下降了80.1%[109] 销售额变化 - 手枪销售额较2022财年下降了42.2%，长枪销售额下降了60.8%[113] 费用和利润 - 2023财年总运营费用为1.0613亿美元，较2022财年下降了13.7%[117] - 2023财年运营利润较2022财年下降了80.8%[119] 财务状况 - 2023财年运营收入比2022财年减少了6,800万美元，降幅为21.3%[121] - 2023财年其他收入比2022财年减少了2,718万美元，降幅为94.8%[122] - 利息支出比2022财年减少了1,804万美元，降幅为84.5%[123] - 所得税支出比2022财年减少了4,654.2万美元，降幅为80.4%[124] - 2023财年净收入比2022财年减少了1.576亿美元，降幅为81.0%[126] 现金流 - 2023财年经营活动现金流为1673.2万美元，比上一财年减少了1.2108.2万美元[128] - 2023财年投资活动现金流为8978.1万美元，比2022财年增加了6,565万美元[131] - 2023财年融资活动现金流为587.7万美元，比2022财年减少了1.060亿美元[132] 资产评估和估值 - 我们对长期资产的价值进行评估，当事件或情况发生表明账面价值可能无法收回时，我们会将相关未来未打折现金流量不足以收回资产账面价值的情况下，将账面价值降至公允价值，这个调整后的账面价值成为资产的新成本基础[141] - 我们对存货进行估值，采用先进先出（FIFO）法，将存货价值确定为成本或净可变现价值中较低的一个[141] - 我们根据实际历史索赔经验和当前维修成本，量化和记录保修相关成本的估计，根据索赔数据和历史经验进行调整[143]

Forward-looking statements may also include statements on topics such as our product development, objectives, strategies, market share, demand, consumer preferences, inventory conditions for our products, growth opportunities and trends, and industry conditions in general. Before I hand the call over to our speakers, I would like to remind you that any reference to EBITDA is to adjusted EBITDA. With that, I will hand the call over to Deana to cover the financials. When compared to fiscal 2020, on a normaliz ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2023 Commission File No. 001-31552 Smith & Wesson Brands, Inc. (Exact name of registrant as specified in its charter) Nevada 87-0543688 (State or other jurisdiction of (I.R.S. Employer incorporation or orga ...

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Q2 2023 Results Conference Call December 6, 2022 5:00 PM ET Company Participants Kevin Maxwell - General Counsel Mark Smith - President & CEO Deana McPherson - CFO Conference Call Participants Mark Smith - Lake Street Rommel Dionisio - Aegis Operator Good day, everyone, and welcome to Smith & Wesson Brands, Inc. Second Quarter Fiscal 2023 Financial Results Conference Call. This call is being recorded. At this time, I would like to turn the call over to Kevin Maxwell ...