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Get filing alertsRisk Profile Improvements
- Material Weakness (improved) — Material weakness in legal-expense accrual controls disclosed in FY2025 has been remediated; controls now effective as of April 30, 2026.
SWBI FY2026: Revenue +10.4%, debt down $60M, material weakness remediated
Filed June 17, 2026 · Period ending April 30, 2026 · Compared to 10-K Jun 20, 2025 · ~2 min read
Key Changes
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Net sales rose 10.4% to $523.8M on higher handgun shipments (+18.8%) and new products (38.1% of sales). Company gained market share: handgun units +19.0% while industry demand fell 0.2%.
MD&A: Revenue & Market Share verify on EDGAR → -
high
Operating cash flow swung to $114.2M provided (vs. $7.2M used prior year) on inventory reduction ($33.6M decrease) and improved working capital. Company repaid $60M on revolver, reducing debt to $20M.
MD&A: Cash Flow & Debt verify on EDGAR → -
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Material weakness in legal-expense accrual controls (disclosed FY2025) remediated; disclosure controls and internal controls now effective as of April 30, 2026.
Controls & Risk Factors verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 19, 2026 · How we verify