© Reuters. Smith & Wesson Brands (SWBI) Reports Q4 Earnings and Revenue Beat
By Davit Kirakosyan
Smith & Wesson Brands Inc (NASDAQ:) reported its Q4 results, with EPS of $0.74 coming in better than the consensus estimate of $0.69. Revenue declined 43.9% year-over-year to $181.3 million, above the consensus estimate of $179.85 million.
Non-GAAP Adjusted EBITDAS was $57.7 million, or 31.8% of net sales, compared with $125.6 million, or 38.9% of net sales, for the comparable quarter last year.
CEO Mark Smith expects continued inflationary pressures but said they remain well positioned for long-term growth.
“Although we expect inflationary pressures to persist and for firearm market conditions to return to more normalized levels in fiscal 2023, we are confident in our flexible manufacturing model and expect to benefit from the pricing and product portfolio adjustments that we made during the surge,” Smith said. “In summary, we believe that we remain well positioned for long-term growth with an agile business model designed to quickly adapt to changes in the marketplace and deliver strong, consistent levels of profitability and drive long-term stockholder value.”