Smith & Wesson Reports Strong Q1 Earnings with Sales Growth of 32.3%
Smith & Wesson (SWBI) reported first-quarter earnings for fiscal year 2027, showing a significant increase in net sales to $112.6 million, up 32.3% from the previous year. The growth was driven by strong demand across multiple product lines including polymer pistols and rifles. Gross margin improved by 280 basis points due largely to a one-time tariff refund of $2.9 million. The company returned to profitability with GAAP earnings per share (EPS) at $0.06, compared to a loss in the prior year period. Non-GAAP adjusted EBITDAS rose sharply from $7.4 million last year to $13.8 million this quarter. SWBI also noted strong unit shipment growth across both handgun and long-gun categories relative to industry benchmarks. Looking ahead, management expects Q2 sales to grow roughly 10% over the prior year with improved gross margins due to higher manufacturing absorption. Annual revenue guidance is set for a modest increase of approximately 5-7%. The company also announced plans for capital expenditures focused on its Springfield facility and authorized a quarterly dividend.
