Strong New Product Sales
New products accounted for 44% of sales in the fourth quarter, highlighting the company's focus on innovation and competitive differentiation.
Market Share Gains in Handguns
Despite a 5.4% decline in adjusted NICS for the quarter, Smith & Wesson gained market share in handguns with a smaller decline in shipments compared to the market.
Balance Sheet Strength
The company maintains a strong balance sheet with disciplined capital allocation, focusing on debt reduction and continued dividend payments.
Effective Cost Management
The company leveraged a flexible manufacturing model to partially offset bottom line impacts from lower sales and production volumes.
Cash Flow Generation
Generated $40.8 million in cash from operations during the quarter, despite challenging market conditions.