Smith & Wesson Holding Corporation (NASDAQ:SWHC) will release the second quarter earnings for 2010 on Thursday, December 3. The company will post the financial results in a press release on the company’s Investor Relations website, http://ir.smith-wesson.com, on the Press Releases page. No conference call has been scheduled yet to discuss the financial results.
Net sales for the first quarter ended July 31, 2009 were reported at $102.2 million, 30.3% higher than the previous year’s during the same period. Gross profit for that period was $35.6 million which was 43.4% higher than the previous year’s. Net income was also reported as $12.6 million, or $0.21 per diluted share in comparison to the previous year’s $2.3 million, or $0.05 per diluted share.
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Smith & Wesson Holding Corporation (Smith & Wesson) is a manufacturer of firearms. The Company manufactures a range of pistols, revolvers, tactical rifles, hunting rifles, black powder firearms, handcuffs, and firearm-related products and accessories for sale to a variety of customers, including gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, protection focused individuals, law enforcement and security agencies and officers, and military agencies in the United States and throughout the world. Smith & Wesson is a manufacturer of handguns and handcuffs in the United States, the largest United States exporter of handguns, and a participant in the tactical and hunting rifle markets that it has entered. It manufactures these products at its facilities in Springfield, Massachusetts; Houlton, Maine, and Rochester, New Hampshire. In July 2009, the Company completed the acquisition of Universal Safety Response, Inc.
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