Net income was $48,385,000 against a loss of $2,108,000 in the fiscal first quarter ended Jul. 31, SWBI’s final quarter incorporating its outdoor segment before that business was spun off into American Outdoor Brands on Aug. 24. Revenues more than doubled to $277,965,000 from $123,665,000 driven by a huge jump in firearms sales and a more modest, but still impressive gain from outdoor. SG&A was up just 10%, or $4.6 million, to support the top line increase, and of course leveraged tremendously. Results included $3.6 million in transition costs this year related to the spinoff.

Firearms segment sales shot up 142% ... Log in to view full article.