Smith & Wesson Holding Corporation increased its guidance for financial results for the third quarter ending Jan. 31, and full 2015 fiscal year, which will end April 30, 2015, saying it has seen recent, positive trends in the primary indicators it uses to assess its business and the consumer firearm market. In addition, on Dec. 11, 2014, the company successfully completed the acquisition of Battenfeld Technologies, Inc. (BTI), and this revised guidance includes estimated BTI results.
For the third quarter of fiscal 2015, the company expects net sales of between $124.0 million and $126.0 million and GAAP earnings per diluted share from continuing operations of between $0.10 and $0.11. Those GAAP earnings include expected one-time BTI acquisition costs of $0.02 per diluted share related to amortization of backlog and $0.03 per diluted share related to deal costs. Without those one-time acquisition costs, third quarter earnings per diluted share for the company from continuing operations would be expected to be between $0.15 and $0.16.
For full 2015 fiscal year, the company expects net sales of between $526.0 million and $530.0 million and GAAP earnings per diluted share from continuing operations of between $0.68 and $0.72. Those GAAP earnings include expected one-time BTI acquisition costs of $0.03 per diluted share related to amortization of backlog and $0.03 per diluted share related to deal costs. Without those one-time acquisition costs, full year earnings per diluted share for the company from continuing operations would be expected to be between $0.74 and $0.78.
Smith & Wesson's brands include Smith & Wesson, M&P, and Thompson/Center Arms. Smith & Wesson facilities are located in Massachusetts, Maine, Connecticut, and Missouri.
