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Get filing alertsSmith & Wesson reports Q4 net sales up 26.7% to $178.4M, nearly doubles EPS; repays $60M notes
Filed June 17, 2026 · Period ending June 17, 2026 · ~1 min read
Key Changes
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Q4 FY2026 net sales rose 26.7% YoY to $178.4M, driven by handgun shipments (>80% of units); GAAP EPS nearly doubled to $0.36 (+89%) from $0.19, with gross margin improving to 29.8% from 28.8%.
Exhibit 99.1 view on EDGAR → -
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Full-year FY2026 net sales increased 10.4% to $523.8M; GAAP EPS rose to $0.41 from $0.30, with gross margin flat at 26.9%. Operating cash flow in Q4 was $74.6M.
Exhibit 99.1 view on EDGAR → -
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Company repaid $60M on its revolving credit facility during FY2026, reducing notes and loans payable from $79.1M to $19.1M, strengthening the balance sheet.
Exhibit 99.1 view on EDGAR → -
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Board declared quarterly dividend of $0.13 per share, payable July 15, 2026 to shareholders of record July 1, 2026; company distributed $23.2M in dividends during FY2026.
Exhibit 99.1 view on EDGAR → -
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Management expects firearm industry demand in FY2027 to remain healthy and be slightly higher than FY2026 levels.
Exhibit 99.1 view on EDGAR →
Summary
Smith & Wesson reported strong fourth-quarter results, with net sales jumping 26.7% year-over-year to $178.4 million and GAAP EPS nearly doubling to $0.36 from $0.19 (+89%; net income $8.6M→$16.2M). Handgun shipments drove the growth, representing over 80% of units shipped, while gross margin expanded 100 basis points to 29.8%.
For the full fiscal year, sales rose 10.4% to $523.8 million and EPS increased to $0.41 from $0.30, with the company generating substantial operating cash flow (Q4 OCF $74.6M).
The company used cash generation to repay $60 million on its revolving credit facility, reducing notes and loans payable from $79.1 million to $19.1 million — not total debt, which also includes a $32.2M finance lease payable (net of current portion), for roughly $51.3M of total debt at April 30, 2026 (vs ~$112.8M a year earlier). That late-year paydown should reduce interest expense going forward; full-year FY2026 interest was still a touch higher YoY ($4.81M vs $4.62M). The board declared a $0.13 quarterly dividend (record July 1 / payable July 15), continuing the capital return program that distributed $23.2 million during the year. Management's outlook for slightly higher industry demand in fiscal 2027 suggests continued momentum, though actual results will depend on market conditions. Results were furnished under Item 2.02 (Exhibit 99.1), not filed under Section 18. The 8-K is signed by Deana L. McPherson, CFO.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Smith & Wesson furnished financial results via press release on June 17, 2026, under Item 2.02.
Added in current filing · verify on EDGAR →
We are furnishing the disclosure in this Item 2.02 in connection with the disclosure of information in the form of the textual information from a press release issued on June 17, 2026.
Smith & Wesson disclosed financial results through a press release on June 17, 2026. The 8-K body does not contain the actual financial figures or operational metrics; those details are in the attached press release (Exhibit 99.1). This is a standard earnings announcement filing where the company furnishes results under Item 2.02 rather than filing them, meaning the information is not subject to Section 18 liability under the Securities Exchange Act.
Event · Exhibit 99.1
Smith & Wesson reported Q4 FY2026 net sales of $178.4M (+26.7% YoY), EPS of $0.36, and repaid $60M on its revolving credit facility.
Added in current filing · view on EDGAR →
Net sales were $178.4 million, an increase of $37.6 million, or 26.7%, over the comparable quarter last year. ... Gross margin was 29.8% compared with 28.8% in the comparable quarter last year. ... GAAP net income was $16.2 million, or $0.36 per diluted share, compared with $8.6 million, or $0.19 per diluted share, for the comparable quarter last year.
Smith & Wesson reported fourth quarter fiscal 2026 net sales of $178.4 million, up 26.7% year-over-year, driven primarily by handgun shipments which represented over 80% of units shipped. Gross margin improved to 29.8% from 28.8% in the prior-year quarter. GAAP net income was $16.2 million, or $0.36 per diluted share, compared with $8.6 million, or $0.19 per diluted share, in the comparable quarter last year. The company generated $74.6 million in operating cash flow during the quarter.
Added in current filing · view on EDGAR →
Net sales were $523.8 million, an increase of $49.2 million, or 10.4%, over the prior fiscal year. ... Gross margin was 26.9% compared with 26.8% in the prior fiscal year. ... GAAP net income was $18.5 million, or $0.41 per diluted share, compared with $13.4 million, or $0.30 per diluted share, for the prior fiscal year.
For the full fiscal year 2026, Smith & Wesson reported net sales of $523.8 million, up 10.4% from the prior fiscal year. Gross margin was essentially flat at 26.9% versus 26.8% in the prior year. GAAP net income was $18.5 million, or $0.41 per diluted share, compared with $13.4 million, or $0.30 per diluted share, for the prior fiscal year. The company paid $23.2 million in dividends and repaid $60.0 million on its revolving credit facility during the year.
Added in current filing · view on EDGAR →
We repaid $60.0 million on our revolving credit facility.
Smith & Wesson repaid $60.0 million on its revolving credit facility during fiscal 2026, reducing notes and loans payable from $79.1 million at April 30, 2025 to $19.1 million at April 30, 2026. Total debt including the $32.2M finance lease payable (net of current) is about $51.3M. The paydown strengthens the balance sheet and should reduce interest expense going forward (FY2026 interest was still slightly higher YoY because the repayment landed late in the year).
Added in current filing · view on EDGAR →
We expect firearm industry demand in fiscal 2027 to continue to be healthy and slightly higher than in fiscal 2026.
Management expects firearm industry demand in fiscal 2027 to remain healthy and be slightly higher than in fiscal 2026. This forward-looking statement provides guidance on the company's near-term revenue expectations, though actual results may differ materially due to various risk factors disclosed in the company's SEC filings.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 10, 2026 · How we verify