Smith & Wesson Reports Record Fiscal Year Sales and Profits
Smith & Wesson Holding Corp. (NASDAQ:SWHC) on Thursday reported record fourth-quarter and full-year financial results. Fourth-quarter sales were up 28 percent compared to the same period last year. Full fiscal year sales were up 20 percent compared to the previous year. Said James Debney, president and CEO, “Our objective in fiscal 2012 was to streamline the company and focus on our position as a leading, pure-play firearm company. We are very pleased with our results, which include record annual and fourth quarter net sales and profits.” On Friday, July 6th, Smith & Wesson (SWHC) traded at $8.80 per share, up from a 52-week low of $2.29. That $6.51 per share increase represents a whopping 284% net gain in one year! If you had invested in either S&W a year ago, you’d be sitting pretty right now.
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