Smith & Wesson

Founded in 1852, Smith & Wesson is one of the most legendary brands in the world, and is a U.S. based leader in firearm manufacturing and design, delivering a broad portfolio of quality firearms and related products to the global military, law enforcement, and consumer markets. Much of the Company’s history, as well as the brand are known for Revolvers. In recent years, Smith & Wesson has shifted its focus to the production of polymer pistols and we are known for the M&P Shield, arguably the most popular full-size polymer pistol in the market today. The family of brands includes Smith & Wesson®, M&P®, and Thompson/Center Arms™. Headquartered in Springfield, MA, the quality of life, excellent schools, and diversity of residential options in or around Springfield provide a historic, picturesque, and well-located place to call home. Springfield is the home of the Springfield Amory, the Naismith Memorial Basketball Hall of Fame, and a host of other historic attractions. Smith & Wesson also has locations in Maine, Connecticut and Missouri employing over 1,800 team members. Beyond the history, Smith & Wesson continues to build its legacy by being widely regarded as a sought after employer of choice and one of the most reputable and safety conscious firearm manufacturers in the world. A premiere multi-channel durable consumer goods company, Smith & Wesson is well known for its’ advocacy of the responsible use of firearms. Smith & Wesson has a rich and vibrant culture that values integrity, diversity, and an unyielding commitment to its employees, customers, and shareholders. When you meet someone who works at Smith & Wesson you will know it - a team of people so committed that the average tenure is over 25 years – you will learn we are authentic and have a deep sense of pride rooted in the history of our Company. We are passionate about what we do. Smith & Wesson is a family.
Company Growth (employees)
Type
Public
HQ
Springfield, US
Founded
1852
Size (employees)
1,853 (est)+6%
Smith & Wesson was founded in 1852 and is headquartered in Springfield, US

Smith & Wesson Office Locations

Smith & Wesson has an office in Springfield
Springfield, US (HQ)
2100 Roosevelt Ave

Smith & Wesson Data and Metrics

Smith & Wesson Financial Metrics

Smith & Wesson's revenue was reported to be $903.2 m in FY, 2017
USD

Revenue (FY, 2017)

903.2 m

Revenue growth (FY, 2016 - FY, 2017), %

25%

Gross profit (FY, 2017)

375.3 m

Gross profit margin (FY, 2017), %

42%

Net income (FY, 2017)

127.9 m

EBIT (FY, 2017)

199.9 m

Market capitalization (30-Dec-2016)

1.2 b

Closing share price (30-Dec-2016)

21.1

Cash (30-Apr-2017)

61.5 m
Smith & Wesson's current market capitalization is $1.2 b.
USDFY, 2014Y, 2015Y, 2016FY, 2017

Revenue

626.6 m551.9 m722.9 m903.2 m

Revenue growth, %

(12%)31%25%

Cost of goods sold

367.5 m356.9 m429.1 m527.9 m

Gross profit

259.1 m194.9 m293.8 m375.3 m

Gross profit Margin, %

41%35%41%42%

Sales and marketing expense

33.5 m

R&D expense

5.6 m10.2 m

General and administrative expense

69 m115.8 m

Operating expense total

108.1 m105.3 m135.2 m175.3 m

EBIT

151 m89.6 m158.6 m199.9 m

EBIT margin, %

24%16%22%22%

Interest expense

12.3 m(11.3 m)(13.7 m)(8.6 m)

Interest income

149 k395 k176 k

Pre tax profit

136.7 m78.7 m145.1 m191.3 m

Income tax expense

48.1 m28.9 m51.1 m63.5 m

Net Income

89.3 m49.6 m94 m127.9 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

147.8 m143.2 m210.8 m207 m233.5 m233.5 m

Cost of goods sold

88.9 m87 m124.1 m119.4 m135.9 m134.2 m

Gross profit

58.9 m56.2 m86.7 m87.6 m97.6 m99.3 m

Gross profit Margin, %

40%39%41%42%42%43%

R&D expense

2.4 m2.7 m2.5 m2.2 m2.7 m2.8 m

General and administrative expense

17.4 m19.2 m22.5 m23.7 m30.2 m31.3 m

Operating expense total

19.8 m21.9 m25 m25.9 m32.9 m34.1 m

EBIT

29.8 m21.8 m50.1 m52.5 m52.2 m50.2 m

EBIT margin, %

20%15%24%25%22%22%

Interest expense

(7.3 m)(2.3 m)(2.1 m)(1.9 m)

Interest income

51 k27 k61 k

Pre tax profit

19.5 m48.1 m

Income tax expense

8.2 m7 m16.6 m17.9 m17.5 m15.8 m

Net Income

14.6 m19.6 m27.7 m14.4 m26.9 m58.3 m32.6 m32.5 m32.5 m
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

42.2 m191.3 m61.5 m

Inventories

86.7 m76.9 m77.8 m131.7 m

Current Assets

239.2 m197.1 m333.2 m318.4 m

PP&E

120.4 m133.8 m135.4 m149.7 m

Goodwill

75.4 m76.4 m169 m

Total Assets

381.5 m495 m619.5 m788 m

Accounts Payable

37.7 m32.4 m45.5 m53.4 m

Total Debt

350 m

Current Liabilities

92.5 m81 m122.6 m151.2 m

Total Liabilities

394.9 m

Additional Paid-in Capital

211.2 m219.2 m239.5 m245.9 m

Retained Earnings

97.7 m147.4 m241.3 m369.2 m

Total Equity

166.8 m194.4 m307.8 m393.2 m

Debt to Equity Ratio

1.8 x

Debt to Assets Ratio

0.7 x

Financial Leverage

2.3 x2.5 x2 x2 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

83.5 m64.4 m59 m55.4 m54.1 m105.2 m215 m73.9 m54.3 m

Inventories

101.3 m99.2 m97 m90.1 m100.9 m75.5 m87.6 m116.5 m128.1 m

Current Assets

263.3 m244.9 m242.9 m223.2 m234.9 m293 m365.8 m273.7 m262.6 m

PP&E

133.6 m134 m135.5 m134.2 m138.4 m136.2 m145.3 m151.5 m151.6 m

Goodwill

14 m14.1 m76.1 m76.1 m76.1 m76.2 m76.4 m157.3 m168.8 m

Total Assets

435.8 m416 m547.2 m514.1 m523.8 m577 m654.7 m728.3 m739.7 m

Accounts Payable

35.9 m23.9 m20.9 m35 m31.3 m35.3 m46.8 m52.8 m55.6 m

Current Liabilities

85.6 m59 m59.2 m89.1 m86.2 m100.9 m126.5 m120.8 m134.5 m

Additional Paid-in Capital

212.8 m214.5 m216.3 m220.5 m223.6 m231.8 m239.7 m240.2 m242.6 m

Retained Earnings

112.3 m117.3 m125.5 m161.8 m174.2 m205.7 m273.9 m309 m341.5 m

Total Equity

153 m210 m225.3 m264.5 m340.4 m376.5 m412.3 m

Financial Leverage

2.8 x2.4 x2.3 x2.2 x1.9 x1.9 x1.8 x
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

89.3 m49.6 m94 m127.9 m

Depreciation and Amortization

21.7 m30.9 m41.2 m50.2 m

Accounts Receivable

(9.6 m)11 m(2.3 m)(40.7 m)

Inventories

(24 m)25.7 m(804 k)(22.2 m)

Accounts Payable

6.5 m(7.3 m)13 m1.2 m

Cash From Operating Activities

90.2 m114.8 m168.6 m123.6 m

Cash From Investing Activities

(62.6 m)(186.1 m)(32 m)(243.7 m)

Long-term Borrowings

(100 m)(104.7 m)(56.3 m)

Cash From Financing Activities

(59.2 m)44.6 m12.5 m(9.6 m)

Interest Paid

7.7 m8.6 m13 m7.7 m

Income Taxes Paid

48.8 m16.9 m50.9 m(13.7 m)
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

14.6 m19.6 m27.7 m14.4 m26.9 m58.3 m32.6 m32.5 m32.5 m

Depreciation and Amortization

6.1 m13 m21.2 m11 m21.1 m30.8 m

Accounts Receivable

5.2 m6.9 m5.1 m3.7 m5.2 m(34.5 m)

Inventories

(11.6 m)(9.6 m)5.4 m(13.2 m)(24 m)1.2 m87.6 m116.5 m128.1 m

Accounts Payable

(2.2 m)(14.2 m)(18.8 m)2.6 m(1 m)2.9 m46.8 m52.8 m55.6 m

Cash From Operating Activities

10.8 m29.9 m16.6 m73.7 m

Cash From Investing Activities

(38.7 m)(43.9 m)(182.6 m)(7.2 m)(14.2 m)(18.8 m)

Long-term Borrowings

(44.8 m)(100 m)(101.6 m)(103.2 m)

Cash From Financing Activities

42.5 m142.9 m3.7 m3.2 m8.1 m

Interest Paid

3 m3.1 m8.1 m8.3 m9.3 m12.1 m

Income Taxes Paid

639 k11.7 m12 m6.8 m24.9 m31.5 m
USDY, 2017

Revenue/Employee

487.4 k

Financial Leverage

2 x

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