SPRINGFIELD — Gunmaker Smith & Wesson posted this week sales figures for its most recent quarter of $124.7 million, a decrease of $5 million, or 3.9%, from the comparable quarter last year.
On those sales numbers, profits were $1.9 million, or 4 cents a share, compared with $4.5 million, or 10 cents a share per for the comparable quarter last year. But those numbers still double what Wall Street had forecast in a down market for firearms.
Smith & Wesson’s stock — SWBI on the New York Stock Exchange — closed the week at $10.96 a share, up $2.05 on the day.
Smith & Wesson also said it predicts third quarter sales will be 8% to 10% over its third-quarter fiscal 2025 sales.
And the company announced a 13-cent per share quarterly dividend.
Tariffs, and higher prices for materials like steel, have not yet hurt Smith & Wesson’s bottom line, said CEO Mark P. Smith in a follow-up call with Wall Street analysts. But those costs could start picking up with Smith & Wesson as it uses its inventory of materials bought before the tariffs.
Long headquartered in Springfield but now based in Tennessee, Smith & Wesson still has about 1,000 employees at its sprawling factory on Roosevelt Avenue here. Operations remaining in the city include the forge, metal working, machining, finishing, assembly of Colt 1911-style handguns and revolver assembly.
