Smith & Wesson Sales Jump 24%
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Smith & Wesson Sales Jump 24%





Smith & Wesson Holdings Corp. on Wednesday reported sales of $38.6 million in the third quarter, a 24 percent jump over the previous year. It was the highest quarterly revenue in the company's history. "This has been a good quarter for us," said Michael Golden, president and CEO. "In addition to achieving 24 percent sales growth, attaining profitability versus breakeven for the same quarter one year ago, and establishing a record level of revenue, we also achieved some significant milestones in our strategy to grow our core handgun business, to diversify the company, and to enter into new markets with new products." The company expects fiscal 2006 sales to increase by 19 to 20 percent from 2005. Smith & Wesson is traded on the American Stock Exchange under the ticker symbol SWB.
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