Smith & Wesson: Can't Make them Fast Enough

This week, gun manufacturer Smith & Wesson Holding Corporation (NASDAQ:SWHC) announced fourth-quarter earnings that handily beat expectations, as customers purchased guns faster than the company could manufacture them. US citizens are increasingly worried about stricter gun control regulations and are purchasing firearms now, instead of waiting to see how new regulations will be drafted. More people buying guns means higher profits for Smith and Wesson. 

[...]

Smith & Wesson Holding Corporation (NASDAQ:SWHC) can't even manufacture guns fast enough to keep up with the increased demand. The company beat earnings expectations for the fiscal fourth quarter ending April 30, but profits could have been even higher if the company had more guns to sell. The earnings press release stated that most of its product lines are sold out, and customers are placing orders for more guns, leading to growth in the company's order backlog. 

With so much demand, the primary challenge for Smith & Wesson Holding Corporation (NASDAQ:SWHC) is to grow it's production capacity. The company is already expanding its manufacturing lines, and recently raised about $50 million which will be used to further grow its production capability.

Read the full story HERE.

If you like what you see, please "Like" us on Facebook either here or here.
Please follow us on Twitter here.