Craig-Hallum Downgrades Smith & Wesson Holding (SWHC) to Hold
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Smith & Wesson Holding Corporation Reports First Quarter Fiscal 2017 Financial Results
September 1, 2016 4:05 PM EDTSPRINGFIELD, Mass., Sept. 1, 2016 /PRNewswire/ --Â Smith & Wesson Holding Corporation (NASDAQ Global Select: SWHC), a leader in firearm manufacturing and design, today announced financial results for the fiscal first quarter 2017, ended July 31, 2016.
First Quarter Fiscal 2017 Financial Highlights
Quarterly net sales were $207.0 million compared with $147.8 million for the first quarter last year, an increase of 40.1%. Gross margin for the quarter was 42.3% compared with 39.8% for the first quarter last year. Quarterly GAAP net income was $32.6... More