S&W posts record year in 2020, almost $1.1 Billion

[Tirod]

Smith and Wesson posts record sales year, and best quarter ever in a new release today.

Article: (caution, some pro gun opinion included) https://conservativebrief.com/thanks-biden-43975/?utm_source=CB&utm_medium=RP78

Another: https://automaticweapondeals.com/20...s-record-smashing-1-billion-in-sales-in-2021/

Moar! https://gunandsurvival.net/2021/06/...s-record-smashing-1-billion-in-sales-in-2021/

“Our fourth-quarter revenue of nearly $323 million was the highest quarter ever on record and marks the fourth consecutive record-breaking quarter for the company, capping off a year in which the company achieved just under $1.1 billion in revenue as I mentioned just now, surpassing the $1 billion mark for the first time in our history,” he said.


“Our manufacturing logistics teams produced and shipped nearly 2.5 million units last fiscal year, representing a 70% increase year on year, while during the same timeframe, the U.S. firearms market as measured by NICS grew by 42%,” he added.

Ruger up 50%, too.

Not that we thought sales were down or anything.

 

[IJ1981]

Great to hear! 169 years and going strong!

 

[tark]

Always good to se a firearms manufacturer do well, but I remember back in the 90s , I think it was, when S&W was #1 on everyone's excrement manifest.

 

[svaz]

Always good to se a firearms manufacturer do well, but I remember back in the 90s , I think it was, when S&W was #1 on everyone's excrement manifest.

I thought the 90's was good for S&W, given the strong sales of their 3rd Gen pistols (I don't do .45 anymore, but I don't know that I'd turn down a 4586 if the opportunity presented itself). Ruger, however, was not my Xmas list, given Bill Ruger's public distain for the AR/AK platforms, his refusal to sell 10+ cap mags to the general populace, and selling us out to Clinton during the AWB.

 

[.38 Special]

Well, good for them.

Now if they'd just build a primer factory.

 

[Tirod]

Much like what style of gun finish your generation experienced, we also had one maker or another who was the boss during an era. And no, I didn't pass on a stainless 4566 either. It beat out a CMP 1911 and was about $1,000 cheaper when I got it. Even HK had an era, both rifle or pistol, and the MP5 hasn't slacked with retro offerings.

Colt was having issues at one time, lost a DOD contract to FN, revolvers weren't so much, and sales to civilians declining. Bushmaster wasn't doing bad then. When one is up another is down and it goes round and round. Hillary hole? OMG the butthurt yet Colt was mismatch pinning, high shelf, semi auto BCGs, and anything else that we thought they would placate Cllinton. Or so we thought.

With the P320 and P365 among others, it will be interesting to hear what SIG did last year.

 

[tark]

I thought the 90's was good for S&W, given the strong sales of their 3rd Gen pistols (I don't do .45 anymore, but I don't know that I'd turn down a 4586 if the opportunity presented itself). Ruger, however, was not my Xmas list, given Bill Ruger's public distain for the AR/AK platforms, his refusal to sell 10+ cap mags to the general populace, and selling us out to Clinton during the AWB.

I think I got S&W confused with Ruger

 

[Phydeaux642]

I hope they do some planning for the future because it isn't always going to be this rosey.

 

[SunnySlopes]

They've been here before.

I have a business degree with an accounting major. I only say that because in 2011 I had an assignment to review any major corporation's 10K statement. I chose Smith and Wesson.

I analyzed their balance sheets from 2006 through 2010. A good barometer of a corporation's liquidity is Cash and Cash Equivalents. In 2006, S&W C&CE totaled $731,000. That’s not good for a corporation the size of S&W.

Heading into the election in 2007, (the panic was already starting) and their C&CE jumped to $4,065,000. In 2008 it increased to $4,359,000.

Get this, in 2009, C&CE skyrocketed to $39,822,000. That's a monster increase. That figure remained roughly the same for 2010.

Smith and Wesson executives actually admitted that the improvement in their financial position was 100% attributable to Obama.
(S&W 10K report of 2011, page 20, item 1A filed on 6/30/2011).

[Begin quote]
“Political and other factors also can affect our performance. For example, we experienced strong consumer demand for our handguns and modern sporting rifle products beginning in our third fiscal quarter ended January 31, 2009, following a new administration taking office in Washington, D.C., speculation surrounding increased gun control…….” [End quote]

It's always ironic how that antigun administrations are such superb salesmen for privately owned firearms.

 

[danez71]

Well, good for them.

Now if they'd just build a primer factory.

No kidding. Same with Ruger.


Serious question, is there a law that prevents gun manufacturers from making ammo?

 

[Mars5l]

I hope all the lower employees at least got a pizza party out of it