Smith And Wesson Stock American Outdoor Brands
Smith and Wesson Stock maker American Outdoor Brands Corp. AOBC, +0.87% shares soared more than 8% in the extended session Wednesday after the company beat consensus estimates for earnings and revenue. The company reported fiscal fourth-quarter net income of $9.8 million, or 18 cents a share, compared with $7.7 million, or 14 cents a share, in the year-ago period.
Adjusted for items such as amortization of acquired intangible assets, among other things, earnings were 26 cents a share, versus 24 cents in the year-ago quarter. Revenue rose to $175.7 million from $172 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 16 cents a share on revenue of $169.2 million. For the fiscal first quarter, analysts model adjusted earnings of 10 cents a share on sales of $141.6 million.
AOBC said it expected fiscal first-quarter adjusted earnings of 3 cents to 7 cents a share on sales of $120 million to $130 million. For fiscal 2020, analysts expect adjusted earnings of 82 cents a share on sales of $654.7 million; the company said it expects adjusted earnings of 76 cents to 84 cents a share on sales of $630 million to $650 million. AOBC stock has fallen 30% in the past year, with the S&P 500 index SPX, +0.08% rising 5.6%.
Smith And Wesson Stock Price
We are a leading manufacturer, designer, and provider of consumer products for the shooting, hunting, and rugged outdoor enthusiast. We are one of the largest manufacturers of handguns, modern sporting rifles, and handcuffs in the United States and an active participant in the hunting rifle and suppressor markets. We are also a leading provider of shooting, hunting, and rugged outdoor product and accessories, including knives and cutting tools, sighting lasers, shooting supplies, tree saws, and survival gear.
Smith & Wesson was founded in 1852 by Horace Smith and Daniel B. Wesson. Mr. Wesson purchased Mr. Smith’s interest in 1873. The Wesson family sold Smith & Wesson Corp., our wholly-owned subsidiary, to Bangor Punta Corp. in 1965. Lear Siegler Corporation purchased Bangor Punta in 1984, thereby acquiring ownership of Smith & Wesson Corp. Forstmann Little & Co. purchased Lear Siegler in 1986 and sold Smith & Wesson Corp.
Smith And Wesson Stock Symbol
Our objective is to continue to strengthen our position as one of the world’s leading firearm manufacturers and expand our position as a provider of high-quality and innovative outdoor products and accessories for the shooting, hunting, and rugged outdoor markets.
Key elements of our strategy to achieve this objective and deliver long-term stockholder value are as follows:
|•||drive organic growth by leveraging our brands and maintaining a robust product pipeline to increase market share in markets in which we participate and expand into adjacent and complementary markets;|
|•||design, produce, and market high-quality, innovative firearms, firearms, and hunting accessories, and rugged outdoor products that meet the needs and desires of our consumer and professional customers and that drive customer satisfaction and loyalty;|
|•||create a leverageable infrastructure by streamlining and standardizing our business operations, including optimizing product distribution; and|
|•||pursue acquisitions that are synergistic with our current business.|
We estimate that the annual domestic non-military firearm market based on industry shipments is approximately $2.2 billion for handguns and $2.0 billion for long guns, excluding shotguns, with our market share in calendar 2018, based on the latest data, being approximately 14.5% and 5.1 %, respectively. According to 2017 reports by the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives, or ATF, the U.S. firearm manufacturing industry has shown no compound annual growth between 2012 and 2017 in spite of individual years where units manufactured have grown as much as 26.0% in one year.
A report issued by the Outdoor Industry Association, a leading trade organization for the outdoor industry, estimates that the annual U.S. domestic hunting and shooting market is approximately $16 billion, while the annual U.S. domestic outdoor recreation market is approximately $90 billion to $100 billion, which includes hunting and shooting, as well as camping, fishing, trail sports, and wildlife watching.
Smith And Wesson Stock Chart
We maintain our principal executive offices at 2100 Roosevelt Avenue, Springfield, Massachusetts 01104. Our telephone number is (800) 331-0852. Our website is located at www.aob.com. Through our website, we make available free of charge our annual reports on Form 10-K, our proxy statements, our quarterly reports on Form 10-Q, our current reports on Form 8-K, and amendments to any of these documents filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, or the Exchange Act.
These documents are available as soon as reasonably practicable after we electronically file them with the Securities and Exchange Commission or the SEC. We also post on our website the charters of our Audit, Compensation, and Nominations and Corporate Governance Committees; our Corporate Governance Guidelines, our Code of Conduct, and any amendments or waivers thereto; and any other corporate governance materials contemplated by the regulations of the SEC and the Nasdaq Global Select Market. These documents are also available in print by contacting our corporate secretary at our executive offices.
|Name, Original Location, and Developments||Type of
|Power Tech, Inc.,
|Asset||2016||Outdoor Products & Accessories||Tactical flashlights, universal LED lights, and pocket lights|
|Taylor Brands, LLC,
operated as BTI Tools, LLC, or BTI Tools,
(subsequently relocated operations to our Columbia, Missouri facility in fiscal 2018)
|Asset||2017||Outdoor Products & Accessories||High-quality knives, specialty tools, and accessories|
|Crimson Trace Corporation, or Crimson Trace,
|Stock||2017||Outdoor Products & Accessories||Laser sighting and tactical lighting systems for consumers, security agencies, and military agencies|
|Ultimate Survival Technologies, Inc., currently operating as Ultimate Survival Technologies, LLC, or UST, Jacksonville, Florida
|Asset||2017||Outdoor Products & Accessories||High-quality survival and camping equipment including LED lights, all-weather fire-starting kits, unbreakable signal mirrors, premium outdoor cutting tools, first aid kits, survival kits, and camping products|
|Gemini Technologies, Incorporated,
Eagle, Idaho (subsequently relocated operations to our Springfield, Massachusetts facility in fiscal 2019)
|Asset||2018||Firearms||High-quality suppressors and accessories for consumers, law enforcement agencies, and military agencies|
|Fish Tales, LLC
|Asset||2018||Outdoor Products & Accessories||Premium sportsmen knives and tools for fishing and hunting, including Bubba Blade, branded products|
|P&L Industries, Inc.,||Asset||2019||Outdoor Products &||Laser training and sighting|
|Cottonwood, AZ (subsequently relocated operations to our Wilsonville, Oregon facility in fiscal 2019)||Accessories||products for the consumer market, including LaserLyte, branded products|
Smith And Wesson Stock Ticker
We are a leading manufacturer, designer, and provider of consumer products for the shooting, hunting, and rugged outdoor enthusiast. We are one of the largest manufacturers of handguns, modern sporting rifles, and handcuffs in the United States and an active participant in the hunting rifle and suppressor markets. We are also a leading provider of shooting, hunting, and rugged outdoor products and accessories, including knives and cutting tools, sighting lasers, shooting supplies, tree saws, and survival gear.
Smith & Wesson was founded in 1852 by Horace Smith and Daniel B. Wesson. Mr. Wesson purchased Mr. Smith’s interest in 1873. The Wesson family sold Smith & Wesson Corp., our wholly-owned subsidiary, to Bangor Punta Corp. in 1965. Lear Siegler Corporation purchased Bangor Punta in 1984, thereby acquiring ownership of Smith & Wesson Corp. Forstmann Little & Co. purchased Lear Siegler in 1986 and sold Smith & Wesson Corp. shortly thereafter to Tomkins Corporation, an affiliate of U.K.-based Tomkins PLC. We purchased Smith & Wesson Corp. from Tomkins in May 2001 and renamed our company Smith & Wesson Holding Corporation.
In January 2017, we changed the name of our company from Smith & Wesson Holding Corporation to American Outdoor Brands Corporation to better reflect our expanding strategic focus on the growing markets for shooting, hunting, and rugged outdoor enthusiasts. We believe that the name “American Outdoor Brands Corporation” better reflects our family of brands, our broad range of product offerings, and our plan to continue building upon our portfolio of strong American brands. We have two reporting segments: (1) Firearms and (2) Outdoor Products & Accessories.
In our Firearms segment, we manufacture a wide array of handguns (including revolvers and pistols), long guns (including modern sporting rifles, bolt action rifles, and muzzleloaders), handcuffs, suppressors, and other firearm-related products for sale to a wide variety of customers, including gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and throughout the world. We sell our firearm products under the Smith & Wesson, M&P, Performance Center, Thompson/Center Arms, and Gemtech brands. We manufacture our firearm products at our facilities in Springfield, Massachusetts, Houlton, Maine, and Deep River, Connecticut. We also sell our manufacturing services to other businesses to level-load our factories. We sell those services under our Smith & Wesson and Smith & Wesson Precision Components brands.
In our Outdoor Products & Accessories segment, we design, source, distribute, and manufacture reloading, gunsmithing, and gun cleaning supplies; high-quality stainless-steel cutting tools and accessories; flashlights; tree saws and related trimming accessories; shooting supplies, rests, and other related accessories; apparel; vault accessories; laser grips and laser sights; and a full range of products for survival and emergency preparedness. We sell our outdoor products and accessories under the following brands: Caldwell, Wheeler, Tipton, Frankford Arsenal, Lockdown, Hooyman, BOG, Crimson Trace, Imperial, Schrade, Old Timer, Uncle Henry, BUBBA, Smith & Wesson, M&P, Thompson/Center, and UST. We develop and market our outdoor products and accessories at our facilities in Columbia, Missouri; Wilsonville, Oregon; and Jacksonville, Florida. We have announced a plan to transition our Ultimate Survival Technologies, LLC, or UST, business and operations located in our facility in Jacksonville, Florida to our Columbia, Missouri facility during the first quarter of fiscal 2020.
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|Company Name||CABELAS INC|
|Exchange||New York Stock Exchange|