Note the recent press release highlighting Smith & Wesson Fiscal Holding Corp 2nd Quarter fiscal 2013. Are you one of those folks who helped out S&W’s CFO?
-Net sales from continuing operations for the second quarter were a record $136.6 million, up 48.0% from the second quarter last year. The increase was led by continued strong sales across all of the company’s firearm product lines, including M&P™ branded products, such as pistols, modern sporting rifles, and the recently launched Shield™ pistol designed for concealed carry and personal protection.
-Gross profit for the second quarter was $48.5 million, or 35.5% of net sales, compared with gross profit of $24.6 million, or 26.7% of net sales, for the comparable quarter last year. Increased sales volume of polymer pistols and modern sporting rifles positively impacted gross profit. In addition, gross margin last year reflected costs related to the consolidation of our Thompson/Center Arms business to Springfield, Massachusetts.
-Operating income from continuing operations for the second quarter was $26.6 million, or 19.5% percent of net sales, compared with operating income from continuing operations of $3.4 million, or 3.7% percent of net sales for the comparable quarter last year.
The company is also projecting that net sales from continuing operations in the 3rd Quarter fiscal 2013 to be up 30% from the same quarter of the prior year. Thanks to Travis Holte for the link. Follow me on Twitter @karendecoster.6:27 am on December 9, 2012 Email Karen De Coster