NASDAQ$SWBI

Smith & Wesson Brands Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Smith & Wesson's Q4 2021 financial results were announced, featuring record quarterly GAAP net income and a significant increase in net sales.

Smith & Wesson Brands, Inc. reported strong Q4 2021 financial results, with a record quarterly GAAP net income of $89.2 million and a 67.3% increase in net sales compared to the same quarter last year. The company also announced a new $50 million share buyback program and a 60% increase in its quarterly dividend.

  • Net sales for the quarter were $322.9 million, a 67.3% increase year-over-year.
  • Gross margin for the quarter was 45.1%, compared to 32.2% in the prior year.
  • GAAP net income was $89.2 million, or $1.70 per diluted share, compared to $20.9 million, or $0.38 per diluted share, in the prior year.
  • Non-GAAP Adjusted EBITDAS was $125.6 million, or 38.9% of net sales, compared to $51.6 million, or 26.7% of net sales, in the prior year.

Headline financials

Total Revenue

$323M

Previous: $234M+38.2%
EPS (adj)

$1.71

Previous: $0.57+200.0%
Gross Margin

45.1%

Previous: 0.3%+15345.2%
Adjusted EBITDAS

$126M

No prior period
Capital Expenditures

$3.67M

Previous: $2.18M+68.5%
Free Cash Flow

$115M

Previous: $118M-2.1%
Net Income

$89.2M

Previous: -$13.5M+760.7%
Operating Income

$116M

Previous: $27.8M+317.7%
Gross Profit

$146M

Previous: $81.3M+79.2%
Cash & Equivalents

$113M

Previous: $125M-9.9%
Total Assets

$446M

Previous: $714M-37.5%
Stock-Based Comp

$1.31M

Previous: $1.58M-16.7%

Revenue & EPS history

Smith & Wesson · Revenue · Quarterly

$323M

Q4 2021+38.2%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The company did not provide specific forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.7%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+0.9%

Avg return

30 days after

48%

31 / 64 earnings

Positive

+38.7%

Q1 2019

Best reaction

-33.3%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+17.0%+21.1%
Q3 2026+18.7%+18.8%+26.0%
Q2 2026+23.3%+25.3%+12.0%
Q1 2026+6.7%+14.4%+20.7%
Q4 2025+0.0%-16.9%-22.4%
Q3 2025-10.9%-11.3%-17.1%
Q2 2025-23.0%-21.1%-28.7%
Q1 2025-9.8%-13.8%-9.8%
Q4 2024-12.5%-9.7%-6.3%
Q3 2024+32.0%+33.5%+34.6%
Q2 2024-11.3%-14.6%-5.8%
Q1 2024+7.5%+5.3%+19.7%
Q4 2023+15.5%+8.4%+9.3%
Q3 2023+4.3%+3.4%+12.0%
Q4 2022+25.5%+8.3%+3.7%
Q3 2022-13.4%-18.3%-14.7%
Q2 2022-27.4%-20.6%-20.9%
Q1 2022-8.5%-7.0%-13.3%
Q4 2021+13.6%+40.4%+20.1%
Q3 2021-1.5%+10.9%+11.3%
Q2 2021+2.8%+0.1%+14.7%
Q1 2021-12.6%-16.5%-20.4%
Q4 2020-2.4%+2.1%+18.7%
Q3 2020-33.3%-45.1%-27.1%
Q2 2020+1.9%+0.4%+3.1%
Q1 2020-19.2%-23.0%-19.3%
Q4 2019+4.5%-0.7%+3.9%
Q3 2019-10.8%-14.2%-12.9%
Q2 2019+19.2%+12.2%+9.7%
Q1 2019+38.7%+43.0%+53.5%
Q4 2018-2.2%-3.4%-20.3%
Q3 2018+8.4%+18.2%+14.7%
Q2 2018-5.1%-1.0%-13.1%
Q1 2018-17.8%-17.3%-7.3%
Q4 2017-5.9%-7.8%-13.1%
Q3 2017-3.2%-1.6%+1.9%
Q2 2017-9.5%-10.5%-9.6%
Q1 2017-1.6%-0.7%-5.5%
Q4 2016+10.1%+15.3%+32.0%
Q3 2016+7.0%
Q2 2016+5.9%
Q1 2016+13.1%
Q4 2015+2.6%
Q3 2015+5.1%
Q2 2015+3.2%
Q1 2015-13.7%
Q4 2014-7.8%
Q3 2014+2.6%
Q2 2014+3.3%
Q1 2014-7.0%
Q4 2013+1.5%
Q3 2013-5.2%
Q2 2013-6.3%
Q1 2013+15.4%
Q4 2012+17.9%
Q3 2012+28.4%
Q2 2012+21.0%
Q1 2012-8.4%
Q1 2011-8.4%
Q4 2011-8.4%
Q3 2011-11.8%
Q2 2011-3.5%
Q4 2010+1.0%
Q3 2009-12.4%

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