-=Smith & Wesson Brands (SWBI) reported earnings on Thur 2 Dec 2021 (a/h)

 

Smith & Wesson Brands misses by $0.16, misses on revs 

• Reports Q2 (Oct) earnings of $1.13 per share, excluding non-recurring items, $0.16 worse than the S&P Capital IQ Consensus of $1.29; revenues fell 7.3% year/year to $230.48 mln vs the $264.98 mln S&P Capital IQ Consensus.

Smith & Wesson Brands (SWBI) reported earnings on Thur 3 Sept 20 (a/h)

• Smith & Wesson (SWHC) changed its name to American Outdoor Brands (AOBC) effective January 1, 2017.  // American Outdoor Brands (AOBC) changed its name to Smith & Wesson Brands (SWBI), effective June 1, 2020.

** charts after earnings **

 

Smith & Wesson Brands beats by $0.48, beats on revs; initiates $0.05/share quarterly dividend

Reports Q1 (Jul) earnings of $0.97 per share, excluding non-recurring items, $0.48 better than the S&P Capital IQ Consensus of $0.49; revenues rose 84.3% year/year to $227.97 mln vs the $204.85 mln S&P Capital IQ Consensus.

• Gross margin for the quarter was 42.0% compared with 38.7% for the comparable quarter last year.
• Quarterly non-GAAP Adjusted EBITDAS was $84.2 million, or 30.3% of net sales, compared with $17.5 million, or 14.1% of net sales, for the comparable quarter last year.

Mark Smith, President and Chief Executive Officer said, "With the successful spin-off of our Outdoor Products & Accessories segment last week, we have now returned to our heritage as a pure-play firearms company, with a focus on organic growth and returning excess capital to our stockholders. As such, our Board of Directors has authorized the company to declare a regular, quarterly cash dividend of $0.05 per share. Our first quarterly dividend will be payable on October 1, 2020 to shareholders of record as of the market close on September 17, 2020."

Earnings this week : August 31 - September 4, 20 (wk 36)

Monday (Aug 31)

• Morning: CTLT
• Afternoon: SCSC ZM

Tuesday (Sept 1)

• Morning: WSG
• Afternoon: HOME CAL HRB SCVL

Wednesday (Sept 2)

• Morning: BF.B GSX GES M VRA
• Afternoon: AMBA CLDR CPRT CRWD FIVE GWRE MDB PD PVH SAIC SMAR SPWH ZUO

Thursday (Sept 3)

• Morning: CPB CIEN CONN DBI DCI GCO GMS JW.A KFY MEI MIK MOMO PDCO SIG TTC
• Afternoon: AVGO COO DOCU DOMO MDLA OXM NX SWBI YEXT

Friday (Sept 4) 

• None

Earnings spotlight:

• Zoom Video (NASDAQ:ZM) on August 31; 
• At Home Group (NYSE:HOME) and H&R Block (NYSE:HRB) on September 1; 
• Macy's (NYSE:M), Navistar (NYSE:NAV), Five Below (NASDAQ:FIVE), Crowdstrike (NASDAQ:CRWD) and Science Applications (NYSE:SAIC) on September 2; 
• Momo (NASDAQ:MOMO), Campbell Soup (NYSE:CPB), Docusign (NASDAQ:DOCU) and Broadcom (NASDAQ:AVGO) on September 3.

-=American Outdoor Brands (AOBC) to change name to Smith & Wesson Brands; to trade under ticker symbol "SWBI"

• Smith & Wesson Brands (SWBI)
• American Outdoor Brands (AOUT)

The decision to split off the firearm business was partly motivated by a changing political climate.


American Outdoor Brands to change name to Smith & Wesson Brands, effective June 1; to trade under ticker symbol "SWBI"

American Outdoor Brands will change its name to Smith & Wesson Brands, effective June 1.

• The name change reflects the company's preparation for the previously announced spin-off of its outdoor products and accessories business as a tax-free stock distribution to its stockholders in late summer 2020, a transaction that would create two independent, publicly traded companies: Smith & Wesson Brands (which would encompass the firearm business) and American Outdoor Brands (which would encompass the outdoor products and accessories business).

The company's common shares will continue to be listed for trading on the Nasdaq Global Select exchange under the new ticker symbol "SWBI" beginning at the market opening on Monday, June 1.