Smith & Wesson announced a record quarter and record year for sales and income. Â Here are the highlights:
- For the quarter ending April 30, 2012, S&W’s sales were up almost 28% year over year.
- For the quarter ending April 30, 2012, S&W’s income was $17.8 million.
- For the fiscal year ending April 30, 2012, S&W produced a record number of units, generated a record amount of cash and brought in a record amount of income ($26.4 million).
For anyone who tracks Apple stock, these numbers seem anemic, but for Smith & Wesson, they are very good indeed.
According to a Smith & Wesson press release, these records were driven largely because of the popularity of the M&P line of pistols and rifles. Â The M&P continues to nibble away at Glock’s share of the law enforcement market, and more and more consumers are flocking to the guns. Â Read a few of the popular gun blogs out there and you’ll see that everyone is drinking to Kool-Aid.