SMITH & WESSON BRANDS, INC.

Listed Company

SWBICIK 0001092796NasdaqAcceleratedOrdnance & Accessories, (No Vehicles/Guided Missiles)NevadaFY ends Apr 30

Period

FY 2025

Revenue

$474.66M

Net Income

$13.43M

Total Assets

$559.61M

Equity

$372.45M

Shares Out

44.49M

Op. Cash Flow

$-7.22M

Business

SMITH & WESSON BRANDS, INC. designs, manufactures, and markets firearms and firearm-related products. It offers a wide array of handguns (revolvers and pistols), long guns (modern sporting rifles, pistol caliber carbines, lever-action rifles), firearm suppressors, handcuffs, parts, and third‑party manufacturing services. Key business divisions include its Smith & Wesson branded handgun and long‑gun lines, the Performance Center and Classics specialty offerings, the Gemtech suppressor brand, and Smith & Wesson Precision Components manufacturing services. Products are sold domestically and internationally through distributors, retailers, buying groups, law enforcement and government channels, and direct‑to‑consumer e‑commerce.

Summary from filing dated 2025-06-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Net sales	475	536	479	864	1,059
Cost of sales	347	378	325	490	610
Gross profit	127	158	155	375	449
Research and development	10	7	8	7	7
Selling, marketing, and distribution	41	41	37	43	43
General and administrative	55	63	62	72	79
Gain on sale/disposition of assets, net	−3	−11,000	−65,000	—	—
Total operating expenses	103	111	106	123	129
Operating income	24	47	48	252	320
Other (expense)/income, net	−17,000	7	150,000	3	2
Interest expense, net	−5	−2	−331,000	−2	−4
Total other income/(expense), net	−5	5	−181,000	733,000	−2
Income before income taxes	19	52	48	252	318
Income tax expense	6	10	11	−58	74
Net income	13	41	37	194	252
Basic - net income	0.3	0.9	0.8	4.12	4.62
Diluted - net income	0.3	0.89	0.8	4.08	4.55
Basic	44,484	45,813	45,844	47	55
Diluted	44,932	46,248	46,170	48	55

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2024 2024-01-31	FY 2023 2023-04-30	FY 2022 2022-04-30
Cash and cash equivalents	25	61	—	54	121
Accounts receivable, net of allowances for credit losses of $5 on April 30, 2025 and $0 on April 30, 2024	56	59	—	55	63
Inventories	190	161	—	177	137
Prepaid expenses and other current assets	6	5	—	5	6
Income tax receivable	66,000	2	—	1	2
Total current assets	277	287	—	292	328
Property, plant, and equipment, net of accumulated depreciation and amortization of $368,811 on April 30, 2025 and $352,615 on April 30, 2024	243	253	—	210	136
Intangibles, net	2	3	—	4	4
Goodwill	19	19	19	19	19
Deferred income taxes	10	7	—	8	1
Other assets	8	9	—	8	10
Total assets	560	577	—	541	497
Accounts payable	27	42	—	37	30
Accrued expenses and deferred revenue	25	24	—	20	23
Accrued payroll and incentives	9	17	—	19	17
Accrued profit sharing	5	9	—	8	14
Accrued warranty	1	2	—	2	2
Total current liabilities	67	94	—	87	89
Notes and loans payable (Note 4)	79	40	—	25	0
Finance lease payable, net of current portion	34	35	—	37	38
Other non-current liabilities	8	8	—	8	10
Total liabilities	187	178	—	157	137
Commitments and contingencies (Note 14)	—	—	—	—	—
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding	0	0	—	0	0
Common stock, $0.001 par value, 100,000,000 shares authorized, 75,789,455 issued and 44,111,461 shares outstanding on April 30, 2025 and 75,395,490 shares issued and 45,561,569 shares outstanding on April 30, 2024	76,000	75,000	—	75,000	75,000
Additional paid-in capital	298	290	—	284	278
Retained earnings	533	542	—	523	505
Accumulated other comprehensive income	0	73,000	—	73,000	73,000
Treasury stock, at cost (31,677,994 shares on April 30, 2025 and 29,833,921 shares on April 30, 2024)	−458	−433	—	−422	−422
Total stockholders equity	372	400	—	385	361
Total liabilities and stockholders' equity	560	577	—	541	497

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Net Income	13	41	37	194	—
Depreciation and amortization	32	33	31	30	32
Gain on sale/disposition of assets	−3	−6	−55,000	625,000	154,000
Recoveries on notes and accounts receivable	0	−23,000	−27,000	689,000	−739,000
Deferred income taxes	−3	857,000	−7	—	—
Stock-based compensation expense	8	6	5	5	5
Non-cash sublease income	−2	0	0	—	—
Other, net	−73,000	0	0	—	—
Accounts receivable	3	−4	8	4	−6
Inventories	−29	17	−40	−58	25
Prepaid expenses and other current assets	−1	−57,000	653,000	3	−852,000
Income taxes	2	−3	−74,000	480,000	−4
Accounts payable	−15	18	−9	−27	26
Accrued payroll and incentives	−8	−1	1	−10,000	5
Accrued profit sharing	−4	895,000	−5	−902,000	12
Accrued expenses and deferred revenue	−268,000	4	−4	−10	−25
Accrued warranty	−434,000	142,000	−168,000	−361,000	−1
Other assets	938,000	−267,000	2	3	2
Other non-current liabilities	−132,000	145,000	−3	−4	4
Net cash (used in)/provided by operating activities	−7	107	17	138	315
Payments to acquire patents and software	−187,000	−186,000	−334,000	−283,000	−632,000
Proceeds from sale of property and equipment	3	3	118,000	139,000	113,000
Proceeds from sale of intangible assets	0	7	0	0	—
Payments to acquire property and equipment	−22	−91	−90	−24	−22
Net cash used in investing activities	−19	−81	−90	−24	−23
Proceeds from loans and notes payable	75	50	25	0	25
Cash paid for debt issuance costs	−941,000	0	0	0	−450,000
Payments on finance lease obligation	−179,000	−1	−1	−1	−996,000
Payments on notes and loans payable	−35	−35	0	0	−185
Payments to acquire treasury stock	−25	−10	0	−90	−110
Dividend distribution	−23	−22	−18	−15	−8
Proceeds to acquire common stock from employee stock purchase plan	2	1	2	2	3
Payment of employee withholding tax related to restricted stock units	−1	−839,000	−1	−2	−2
Net cash (used in)/ provided by financing activities	−9	−18	6	−106	−304
Net (decrease)/increase in cash and cash equivalents	−36	7	−67	8	−12
Interest, net of amounts capitalized	5	5	2	2	3
Income taxes	7	13	18	59	81
Purchases of property and equipment included in accounts payable	2	2	16	408,000	746,000
Capital lease included in accrued expenses and finance lease payable	442,000	612,000	767,000	0	0

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