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."