Smith & Wesson revenue up 10%, debt down $60M; tariff refund uncertainty and new lawsuit disclosed

Filed June 17, 2026 · Period ending April 30, 2026 · Compared to 10-K Jun 20, 2025 · ~2 min read

Key Changes

• high

  Revenue rose 10.4% to $523.8M and net income climbed 38% to $18.5M, driven by new handgun launches and a January price increase. Operating cash flow swung from -$7.2M to +$114.2M as inventory fell $33.6M.

  MD&A: Financial Results verify on EDGAR →
• high

  Company repaid $60M on its credit line, reducing outstanding debt from $80M to $20M, and suspended share buybacks to prioritize deleveraging. Capex guidance for FY2027 increased 60% to $40-45M for Academy investments.

  MD&A: Cash Flow & Capital Allocation verify on EDGAR →
• high

  February 2026 Supreme Court ruling on tariff authority creates uncertainty over whether the company will receive refunds on previously paid tariffs; availability, timing, and amount of any refunds remain unknown.

  Risk Factors: Tariffs verify on EDGAR →