Net income jumped 79% in the second quarter to CZK 559,975,000 ($24.2 mm) from CZK 312,273,000 on 30% revenue growth to CZK 3,495,613,000 ($151.2 mm) from CZK 2,694,977,000 helped by the addition of a full quarter of sales from Colt, which was acquired in May 2021. The top and bottom line gains were attributed to higher prices and a more profitable product mix, as long gun unit sales were flat at 69,724 and handgun units were actually down 5% year-over-year to 92,775. Raw materials costs jumped 73%, but services costs were ... Log in to view full article.