Chart Of The Day: Smith & Wesson Sales

Tyler Durden's picture


The attached chart of Smith & Wesson revenues needs no comment.

Well one comment: when the final bubble does pop (and here we make the wild assumption that no intelligent extraterrestrial life will be found to bail out the central banks in time), at least everyone will be locked and loaded.

And some highlights from the just released investor presentation:

  • Record-level quarterly sales growth from continuing ops of $136.0M, +48.3% Y/Y
  • Record-level quarterly income from continuing ops of $18.9M, or $0.28 per diluted share
  • Record Adjusted Non-GAAP EBITDAS of $36.1 Million
  • Raised Full Year Fiscal 2013 Financial Guidance
  • Exceeded high end of upwardly revised sales guidance
  • Quarterly unit growth +30.1% vs. market growth +23.5% (Adjusted NICS)
  • Backlog of $392.4M versus $148.8 one year ago

Full investor presentation:


Your rating: None

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Thu, 09/06/2012 - 16:57 | 2769436 Aziz
Aziz's picture

Forward! (to the gun shop).

Thu, 09/06/2012 - 16:58 | 2769441 icanhasbailout
icanhasbailout's picture


Thu, 09/06/2012 - 17:03 | 2769456 nope-1004
nope-1004's picture

Quantitative Uzi's.


Thu, 09/06/2012 - 17:10 | 2769487 TruthInSunshine
TruthInSunshine's picture

Exploding firearm sales can only reflect the reality that the economy is recovering very robustly and that Americans are feeling highly confident and optimistic about their personal economic and financial situation.



Thu, 09/06/2012 - 17:11 | 2769490 12ToothAssassin
12ToothAssassin's picture

I love a good ZH gun thread!

Thu, 09/06/2012 - 17:13 | 2769503 economics9698
economics9698's picture

Most bang for the buck.

Thu, 09/06/2012 - 17:17 | 2769520 Stackers
Stackers's picture

Do you feel lucky punk ?

Thu, 09/06/2012 - 17:36 | 2769559 Kitler
Kitler's picture

The graph shows a strong positive corelation to the TEOTWAWKI fear index. The "Backlog of $392.4M versus $148.8 one year ago" is stopping the sales from going vertical.

Bullish with a bullet.

Thu, 09/06/2012 - 17:53 | 2769617 camaro68ss
camaro68ss's picture

I love S&W! Great quality Guns!!!

Thu, 09/06/2012 - 18:23 | 2769684 The Alarmist
The Alarmist's picture

If it did need comment, it would be something like,

"Do you feel lucky, punk?"

Thu, 09/06/2012 - 18:28 | 2769697 Michael
Michael's picture

Got Guns & Ammo?

Thu, 09/06/2012 - 18:51 | 2769749 SWRichmond
SWRichmond's picture least everyone will be locked and loaded

Yes, but will any of them be able to hit anything?

"According to a 2008 analysis of NYPD firearms discharge data done by the New York Times, between 1996-2006 officers hit their intended target about 34 percent of the time"


Thu, 09/06/2012 - 19:02 | 2769780 SgtShaftoe
SgtShaftoe's picture

NYPD cops only get 20 rounds (one box) of ammo a year to practice with.  Then they "qualify" in an air conditioned "square" range with uniformly symmetrical silhouette targets, that don't move appreciably, and are not under combat stress.  That's why cops have a rate of "accidental" deaths (murder) orders of magnitude higher than civilians and CCW holders.  Then take into account law enforcement salaries, and those that are attracted to that line of work (especially in the last 10 years)... recipe for disaster.

Thu, 09/06/2012 - 19:45 | 2769896 sunaJ
sunaJ's picture

Not the case in my department. 600 rounds/yr (but if you wanted, you could get over 1000), 2 qualifiers/y, and I guess with 200 armed personnel, about a third to one half are swat, ex-swat, or serious about training (more than 200 hrs/year), serving a population of 120,000. Maybe that's rare, but I doubt it. If you are inferring that CCW holders and "citizens" are better trained, that is a pretty big statement. Yes, you get some officers that shouldn't be carrying guns, if that is your other point.

Thu, 09/06/2012 - 19:51 | 2769906 francis_sawyer
francis_sawyer's picture

Happiness is a Warm Gun (WHITE ALBUM)



REVOLVER (1966) Soundtrack ~ #1 Billboard Charts

Side one No. Title Lead vocals Length 1. "Taxman" (George Harrison) Harrison 2:39 2. "Eleanor Rigby" McCartney 2:08 3. "I'm Only Sleeping" Lennon 3:02 4. "Love You To" (Harrison) Harrison 3:01 5. "Here, There and Everywhere" McCartney 2:26 6. "Yellow Submarine" Starr 2:40 7. "She Said She Said" Lennon 2:37 Side two   No. Title Lead vocals Length   1. "Good Day Sunshine" McCartney 2:10 2. "And Your Bird Can Sing" Lennon 2:02 3. "For No One" McCartney 2:01 4. "Doctor Robert" Lennon 2:15 5. "I Want to Tell You" (Harrison) Harrison 2:30 6. "Got to Get You into My Life" McCartney 2:31 7. "Tomorrow Never Knows"


Thu, 09/06/2012 - 21:56 | 2770286 Slewburger
Slewburger's picture

Machine your own!

**Totally legal, just have to mark it and cannot resell it**


Fri, 09/07/2012 - 01:42 | 2770717 Michael
Michael's picture

It's fear of nothing when your a gun owner.

I couldn't give a shit about ethnic personality's complaints.

Fri, 09/07/2012 - 02:38 | 2770761 Michael
Michael's picture

Got Guns & Ammo?

I should make this my signature line.

I just made this up.  It's like that Got Popcorn? (meme)

People should make bumper stickers out of this saying.

People should make T-Shirts with "Got Guns & Ammo? on the front and "Good." on the back.

I give this to you for free.  Have at it.

Thu, 09/06/2012 - 20:12 | 2769974 Drachma
Drachma's picture

You sound like the level-headed kind of guy that, when the time came, would use those 1000 rounds on the right side - the side of your community.


Thu, 09/06/2012 - 20:50 | 2770060 sunaJ
sunaJ's picture

Maybe I am level-headed, but I'm pissed as hell at these financial and governmental crimes.  The police officers and our citizen army need to remember their oaths more than their orders when SHTF.  It will come to that, and many will make the right choice.

Fri, 09/07/2012 - 00:44 | 2770603 EscapingProgress
EscapingProgress's picture

I have no confidence in the majority of law enforcement to make the "right" choice. They don't make the right choices now, so why would they make different decisions in the future? As long as they still have their pensions the majority of officers will simply default to the "I don't like it, but I'm just doing my job/duty" choice which seems to be a recurring theme for all gov't enforcers.

Thu, 09/06/2012 - 22:30 | 2770378 nyquil762
nyquil762's picture

He is correct in implying that CCW holders are better trained  (they almost always are) and your department (as you have described it) appears to be an exception. It also sounds like you guys are "over staffed'. I like the fact that you guys are well trained. However, I don't like that many cops on the street (per capita) because, it's tough on the municipal budgets and even tougher on the population (civil liberties).

You cops tend to find things to do when there's a bunch of you with nothing to do. Also, you tend to act as revenue producers (fines and fees) and tax collectors for the elite. Just sayin....

Thu, 09/06/2012 - 19:49 | 2769910 Ahmeexnal
Ahmeexnal's picture

NYPD cops only get 20 rounds (one box) of ammo a year to practice with.  Then they "qualify" in an air conditioned "square" range with uniformly symmetrical silhouette targets, that don't move appreciably, and are not under combat stress.

WTF? They only get 20 rounds of ammo per year, but they get 4 dozen doughnuts per week??

Thu, 09/06/2012 - 22:43 | 2770406 NoClueSneaker
NoClueSneaker's picture

However, they managed to put 30-40 rounds in every "suspect" n****ah in NY who dines in an expensive restaurant and attack them the with the iPhone  ( supposed to look as an RPG )....

Practise is obsolete, targets r legit, ( thx to Nelson Rockefeller ), live sessions r a goode Xperience ....

Keep on exterminating, NY-Death-Squads - bullish fer your pensions :-P



Thu, 09/06/2012 - 19:52 | 2769918 Simon Endean
Simon Endean's picture

@SgtShaftoe: "NYPD cops only get 20 rounds (one box) of ammo a year to practice with."


Perhaps the goodly officers could spend some of their own money and practice a bit more. 

Thu, 09/06/2012 - 19:28 | 2769843 Shazam342
Shazam342's picture

That's because they're union.

Thu, 09/06/2012 - 19:43 | 2769889 10mm
10mm's picture

Do not forget the 14lb trigger pull.It's a shoe in the first round get's pulled.You can have a steak dinner and scotch down before the first bang.

Thu, 09/06/2012 - 18:50 | 2769755 nmewn
nmewn's picture

I really gotta give up boating ;-)

Thu, 09/06/2012 - 19:35 | 2769862 PC Load Letter
PC Load Letter's picture

"I don't know whether to laugh to cry."


Thu, 09/06/2012 - 18:35 | 2769707 aerojet
aerojet's picture

Not lately they aren't!  Crooked barrels on revolvers and lousy accuracy on the M&P line.

Fri, 09/07/2012 - 00:04 | 2770551 Real Estate Geek
Real Estate Geek's picture

FWIW, my M&P has been through two classes at Gunsite ( without a hiccup.  And any accuracy problems are on me.

Thu, 09/06/2012 - 19:56 | 2769917 neidermeyer
neidermeyer's picture

I like them best when they're reworked by Power Custom Handguns. My "model 10" PPC revolver is like like hammering nails at 100 yards.

Thu, 09/06/2012 - 21:15 | 2770137 fattail
fattail's picture

Glock  Bitchezzzz.

Thu, 09/06/2012 - 23:36 | 2770504 CompassionateFascist
CompassionateFascist's picture

1st time out & I can't hit a barn door at 20' with my Glock23. 1st time out with my M1a I shredded (somebody else's) target at 200 yards. But they are both great guns. And don't forget, NOVEMBER 6th IS NATIONAL BUY-A-GUN-DAY! Gunstores are currently full of guns that need warm, loving homes. 

Fri, 09/07/2012 - 19:52 | 2773547 Milton Freewater
Milton Freewater's picture

I promised myself I could only buy a sweet ass rifle if I finished "Tragedy and Hope" by Carol Quigley. It's like "Moby Dick" without the pictures.


Thu, 09/06/2012 - 21:20 | 2770153 Dugald
Dugald's picture

Laugh you may but here in Oz a S&W 38 wheel gun runs

860 bucks and up......a compound bow it looking good.

Thu, 09/06/2012 - 21:20 | 2770156 jmeyer
jmeyer's picture

there' OK but check out Sigarms ( ya, Deutschland )

Thu, 09/06/2012 - 18:12 | 2769664 DaveyJones
DaveyJones's picture

no, we feel unlucky

Thu, 09/06/2012 - 20:02 | 2769946 msmith9962
msmith9962's picture

"Guns are for hunting dangerous and delicious animals, and keeping the king of England out your face." Krusty the Clown

Thu, 09/06/2012 - 20:47 | 2770050 Bob Dobbs
Bob Dobbs's picture

Single action .38 model 14. 6" barrel, 148 gr. wadcutter, 3 gr Red Dot.  3" cluster at 50 yards. 1/2" std with a cold barrel, 5/8" std hot.


Good gun.

Thu, 09/06/2012 - 18:43 | 2769734 TrulyStupid
TrulyStupid's picture

Anyone have a corresponding chart of the suicide by gunshot  numbers? The home defense crowd are 5 times more likely to shoot themselves or family members than any real or imaginary right wing demon.

Thu, 09/06/2012 - 18:55 | 2769765 i_fly_me
i_fly_me's picture

This is long-debunked lib claptrap.  Try to keep up.

Thu, 09/06/2012 - 18:59 | 2769771 12ToothAssassin
12ToothAssassin's picture

"The home defense crowd are 5 times more likely to shoot themselves or family members than any real or imaginary right wing demon."


So does anyone wanna site proof of this allegation?

Thu, 09/06/2012 - 20:16 | 2769986 A Nanny Moose
A Nanny Moose's picture

Thanks for the link

Thu, 09/06/2012 - 19:44 | 2769892 JackT
JackT's picture

How can someone without a gun shoot themselves or a family member? Your statisticals seem a bit off to me

Thu, 09/06/2012 - 20:18 | 2769990 mjcOH1
mjcOH1's picture

But 67% of liberals are less likely to have majored in a field requiring non-remedial math.   It's all good.

Thu, 09/06/2012 - 23:15 | 2770465 Excursionist
Excursionist's picture

Per Michelle's speech in Charlotte, Barack Obama doesn't care about money.  So who needs math?

Thu, 09/06/2012 - 23:33 | 2770496 earnyermoney
earnyermoney's picture

LOL. It's all about the money.

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