Net income declined by 29% in the third quarter to CZK 223,191,000 ($9.1 mm) from CZK 315,799,000 last year on sales that increased 10% to CZK 3,170,733,000 ($130.0 mm) against CZK 2,873,261,000. The results now include the contribution from Colt for the full quarter both this year and last. Colt CZ affirmed its full-year guidance for total sales of CZK 14.0 to 14.6 billion, up 31% to 36% from 2021, generating EBITDA of CZK 3.0 to 3.3 billion.

Unit sales of long guns increased 4%, while handgun units shipped declined for the ... Log in to view full article.