Monday, November 5, 2012

Global turmoil boosts Smith & Wesson sales - Austin Business Journal:

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The Springfield, Massachusetts gun maker (Nasdaq: recently secured a rare order from the India Police Force after terroristsd stormedMumbai hotels. With support from the U.S. Embasst in New Delhi and the , Smith & Wesson secured an exporrt license and began shipping weaponzin June. In its fiscal fourth quarter, the company secured orders from several law enforcementf agenciesin Mexico, whose drug-relater violence is on the rise. The company on Monda said net sales for the fourth quarter that endede April 30 surged 20 percentto $99.5 million comparec with the year-ago period. Net income during the quarter was $7.4 compared with $3.3 million in the year-earlie r period.
Smith & Wesson Presiden and CEO Michael F. Golden said in a statemenrt the results reflect a number of records for the including for cash levels and unfillee customer ordersfor firearms.

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