Thursday, August 2, 2012

Global turmoil boosts Smith & Wesson sales - bizjournals:

adepylex.blogspot.com
The Springfield, Massachusetts gun makerf (Nasdaq: SWHC) recently secured a rare ordedr from the India Police Forces after terrorists stormedMumbai hotels. With support from the U.S. Embassyy in New Delhi and the , Smitb & Wesson secured an expory license and began shipping weaponsin June. In its fiscalo fourth quarter, the company secured orders from severalo law enforcement agencies in whose drug-related violence is on the The company on Monday said net salees for the fourth quarter that ender April 30 surged 20 percent to $99.5 million compared with the year-ago Net income during the quarter was $7.4 million, compared with $3.3 million in the year-earlier period.
Smithh & Wesson President and CEO Michael F. Goldenn said in a statement the resultds reflect a number of records forthe company, including for cash levels and unfilled customed orders for firearms.

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