Smith & Wesson Earnings Double Over Past Few Months

Now that a bit of the dust is settling from the great gun and ammo buying spree of 2013 we’re finally able to see just how well the publicly traded firearms companies did this year. Now don’t get me wrong, in many parts of the country it’s still a mess trying to find any firearms and many of the popular ammo calibers for them, but it seems like it’s starting to subside, a bit.

It’s probably no surprise but Smith & Wesson absolutely hit it out of the ball park with their earnings over the past few months. The Wall Street Journal reported that for the quarter that ended on April 30th, 2013, S&W reported profits of $25.2 million, 38 cents a share. That’s up from $12.5 million and 19 cents a share during the same quarter last year. Their revenue also went up 38% up to $178.7 million with gross margins up to 38.3% from 36.1%. According to S&W President and Chief Executive James Debney their stellar numbers were due to “significant increases in our manufacturing capacity, combined with continued robust consumer demand for firearms, resulted in higher sales of our most popular M&P products.” I’m still kicking myself for not buying any SWHC a while back.



Ray I.

Long time gun enthusiast, archery noob, Mazda fan, Sci-Fi nerd, Whiskey drinker, online marketer and blogger. My daily firearms musings can be found over at my gun blog ArmoryBlog.com and Instagram.

Shoot me an email at ray.i@staff.thefirearmblog.com


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  • Samuel Suggs

    First of all YAY! second of all why was the buying panic a source of complaint and discord within the firearms community? the ammunition and guns didn’t go anywhere their now out their severing the purpose the founding father’s intended them to serve that being an arsenal of the people designed to allow the people to put the government back in its place when they inevitably decide that power is more important than securing the rights of the citizens of the united states that being their only reason for existing. Thirdly I want to see the numbers dicks and cheaper than dirt posted.

    • Oh man where to start. It caused a shortage of copper and about every metal that goes into making ammunition and guns. That and the ones buying huge amounts of ammunition messed everyone else over and caused some customers to blame the gun and ammunition companies for not “gearing up” for the rush. They apparently had no idea how the system works and trying to make more guns in a hurry just doesn’t or can happen. That’s a general idea of what had the industry upset not to mention the possibility of some crazy ban happening.

      • Samuel Suggs

        Yeah the conspiracy theories about the government “ordering the companies to stop producing ammo” and of course the classic “their buyin all the ammo in preparation for the crackdown man” where pretty bad however the issue of metal shortages is more complex in my opinion the NRA should begin putting money toward allowing for more open pit mining I understand the preservationist sect in our community will find this objectionable but I fail to see the negative long term effects of a large hole dug on private property assuming that land wasn’t otherwise valuable cyanide mining is another discussion entirely .

        • dp

          No worry, new copper mines are being opened up in Mongolia – the largest in the world. Environmental protection is not a priority there; large land, few people. Ideal place to rob out.

  • JT

    One thing I was really pissed about was the Spurlock special on CNN. Mostly his slams to the firearms industry.

    He literally devoted a single sequence to the arguement that gun companies are making money from the panic, so therefore they are profiteering from the panic, and without actually providing evidence he claims that they fueling the panic. So they are responsible for the boost in demand according to him and should…stop selling guns? Tell people not to buy their products? Close up shop for the year?

    http://www.youtube.com/watch?v=V0z7NjrBviw3#t=22m40s

    Spurlock is truly shameless and a sham journalist

    • Komrad

      And wasn’t there just an article about how ammo manufacturers don’t like panics?

    • Samuel Suggs

      he knows its not a reasonable grgument its just somthing to bich about

    • A good 75% are!

      • Samuel Suggs

        A good 75% of journalists and talking heads or 75% of ammo manufactures are promoting the panic?

  • Matt Ware

    Impressive. Growth is always good to see, especially in this industry.

  • orly?

    Does this indicate a good economy or a bad economy?

    • Samuel Suggs

      Better slightly econemy overall

  • Scott Feldkamp

    Good for S&W and their share holders. This increase explains why S&W sent emails to share holders to buy back stock a few weeks ago..