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Smith & Wesson Reports Record Preliminary Fourth Quarter And Full Year Fiscal 2013 Net Sales and Net Income

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(GunNews.com) — Smith & Wesson Holding Corporation (NASDAQ Global Select: SWHC) announced last week its preliminary net sales and earnings per share results for its fiscal 2013 fourth quarter and full year periods ended April 30, 2013.

Preliminary net sales for the fiscal fourth quarter were $179 million, an approximate increase of 38% over the comparable quarter last year. Preliminary GAAP net income from continuing operations is expected to be approximately $0.44 per diluted share compared with net income of $0.27 per diluted share from continuing operations for the comparable quarter last year. The company ended the fiscal year with a cash balance of $100.5 million.

Preliminary net sales for fiscal 2013 year were $588 million, an approximate increase of 43% over fiscal 2012. Preliminary GAAP net income from continuing operations is expected to be approximately $1.22 per diluted share compared with net income of $0.40 per diluted share from continuing operations for the prior year.

The preliminary results provided take into consideration all of the expected expenses of the Thompson/Center recall issued by the company on June 13, 2013. In addition, the preliminary results are approximate and subject to completion and audit of the company’s financial statements in conjunction with the company’s Form 10-K Report for the fiscal year ended April 30, 2013.

The post Smith & Wesson Reports Record Preliminary Fourth Quarter And Full Year Fiscal 2013 Net Sales and Net Income appeared first on Gun News.


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