Joined
·
146 Posts
Smith & Wesson Holding Corporation, parent company of Smith & Wesson Corp., the legendary 155-year old company in the global business of safety, security, protection and sport, today announced financial results for the fiscal year and the fourth fiscal quarter ended April 30, 2007.
Net product sales for fiscal 2007 increased 48.8% over the previous fiscal year. Firearms sales for the fiscal year grew 50.1% over the previous fiscal year, reflecting a 59.7% increase in pistol sales, the full year financial impact of tactical rifle sales, and four months of revenue from Thompson/Center Arms, which accounted for $22.5 million of revenue for fiscal 2007. Sales excluding the Thompson/Center acquisition grew at a rate of 34.5% for fiscal 2007.
Net product sales for fiscal 2007 increased 48.8% over the previous fiscal year. Firearms sales for the fiscal year grew 50.1% over the previous fiscal year, reflecting a 59.7% increase in pistol sales, the full year financial impact of tactical rifle sales, and four months of revenue from Thompson/Center Arms, which accounted for $22.5 million of revenue for fiscal 2007. Sales excluding the Thompson/Center acquisition grew at a rate of 34.5% for fiscal 2007.
