A $98.7 million goodwill impairment charge for its outdoor brands ruined what was otherwise a very good quarter, resulting in a loss of $66,144,000 against income of $9,825,000 on 33% higher sales at $233,638,000 up from $175,734,000 on strong demand for firearms. Timing of a federal excise tax assessment added about $16.7 million to the top line. Smith & Wesson Brands (SWBI) changed its name and ticker from American Outdoor Brands (AOBC) during the quarter, in preparation for spinning off the outdoor business in August. SWBI shares dipped 2% on the earnings announcement, after nearly doubling from the beginning of ... Log in to view full article.