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Article Date: June 2021
Word Count: 481

Smith & Wesson Finishes Billion-Dollar Year


The bottom line swung to an $89,035,000 profit in the final fiscal quarter ended Apr. 30, from a loss of $66,146,000 last year, on revenues that were two-thirds higher at $322,947,000 up from $193,045,000. The company is riding high on the wave of demand that shows no sign of abating. Fear for personal safety that ramped up during the pandemic combined with civil unrest to start the firearms boom, and lately the Biden Administration has been signaling an increase in firearm regulation, which always gives a helpful boost to gun sales.

 

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