The past couple of years have been alright for famed gun manufacturer Smith & Wesson but 2012 has been exceptionally kind.
“Gross profit for the first quarter was $51.3 million, or 37.7% of net sales, compared with gross profit of $26.5 million, or 28.9% of net sales, for the comparable quarter last year [emphasis added],” the company said in its press release.
And it doesn’t end there.
“The company earned 27 cents vs. expectations of 18 cents,” Business Insider’s Joe Weisenthal writes. “Revenue was $136 million vs. estimates of just over $128.7 million.”
The company also expects earnings of 19 to 21 cents in the next quarter, which, as Weisenthal notes, is way above earlier estimates of 13 cents.
But let’s try to visualize this information:
I'm going to buy an S&W M&P for BAG day. And yes, I was named after that Horace Smith. Grin, grin.
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ReplyDeleteIt bears repeating: I helped build that Obama. Thanks to you my family unit added 3 new S&W firearms this year and two end of last year to our collection. Add to that 3 new concealed carry permits in the family group and 6 more friends and co-workers who we encouraged to get theirs.
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