Smith & Wesson Brands, Inc. (SWBI): history, ownership, mission, how it works & makes money

A Brief History of Smith & Wesson Brands, Inc. (SWBI)

Founding and Early Years

Smith & Wesson was founded in 1852 by Horace Smith and Daniel B. Wesson in Norwich, Connecticut. The company started with the production of the Volcanic Repeating Arms Company's lever-action pistol. In 1856, the company introduced the first commercially successful revolver, the Model 1, which became a significant vehicle for the company's growth.

Expansion and Innovations

In 1899, Smith & Wesson launched the .38 Military & Police revolver, which became one of the best-selling handguns in history. The introduction of the .357 Magnum revolver in 1935 further solidified the brand's reputation for innovation.

By the 1960s, Smith & Wesson had become the largest manufacturer of handguns in the United States. In 1965, the company introduced the Model 29 revolver, which gained fame through the "Dirty Harry" films.

Financial Growth and Challenges

The late 20th century was marked by both growth and challenges for Smith & Wesson. In 2001, the company faced financial difficulties and declared bankruptcy. It was acquired by Saf-T-Hammer Corp., which was later renamed Smith & Wesson Holding Corporation.

Public Offering and Recent Developments

On October 1, 2020, Smith & Wesson Brands, Inc. announced its initial public offering (IPO), raising approximately $200 million. The company's stock is traded on NASDAQ under the ticker symbol SWBI. As of the fiscal year 2022, Smith & Wesson reported revenues of $1.01 billion, a 50% increase from the previous fiscal year, reflecting a surge in demand for firearms.

Current Market Position

As of 2023, Smith & Wesson Brands, Inc. has a market capitalization of approximately $540 million. The company specializes in manufacturing firearms, ammunition, and related products.

Financial Statistics

Product Line and Offerings

• Revolvers
• Semiautomatic Pistols
• Rifles
• Ammunition
• Accessories

Recent Acquisitions and Collaborations

Smith & Wesson has acquired several brands to expand its portfolio, including Thompson/Center Arms in 2007 and Gemtech in 2017, enhancing its product offerings in the hunting and suppressor markets.

Company Vision and Values

The mission of Smith & Wesson Brands, Inc. is to design and manufacture leading-edge firearms with a commitment to quality and performance. The company adheres to principles of safety, integrity, and respect for the rights of all individuals.

A Who Owns Smith & Wesson Brands, Inc. (SWBI)

Corporate Structure

Smith & Wesson Brands, Inc. (SWBI) is publicly traded on the NASDAQ under the ticker symbol SWBI. As of October 2023, the company operates under the official name of Smith & Wesson Brands, Inc., following its rebranding in 2020.

Major Shareholders

The ownership of Smith & Wesson Brands, Inc. is distributed among various institutional and individual shareholders. The most recent data available indicates the following major shareholders:

Market Capitalization

As of the end of September 2023, the market capitalization of Smith & Wesson Brands, Inc. is approximately $1.2 billion.

Recent Financial Performance

For Q2 of FY 2023, Smith & Wesson reported:

• Revenue: $130.0 million
• Net Income: $25.0 million
• EPS (Earnings Per Share): $0.65
• Operating Income: $30.0 million

Stock Performance

The stock price of Smith & Wesson Brands, Inc. has varied significantly over the past year. As of October 2023, the stock price is approximately $15.80, with fluctuations as follows:

Insider Ownership

Insider ownership remains an important aspect in understanding who controls Smith & Wesson Brands, Inc. The following data summarizes the insider ownership metrics:

Company History and Changes in Ownership

Founded in 1852, Smith & Wesson has undergone numerous changes in ownership, including acquisitions and mergers. The most notable recent event occurred in 2020 when the company restructured and transitioned into Smith & Wesson Brands, Inc. This rebranding reflects a strategic shift in focus and ownership structure, enhancing shareholder value.

Conclusion

Smith & Wesson Brands, Inc. remains a significant player in the firearms industry, with diversified ownership among institutional investors and individual stakeholders. The detailed financial and stock performance data illustrates the company's current standing and trajectory within the market.

Smith & Wesson Brands, Inc. (SWBI) Mission Statement

Company Overview

Smith & Wesson Brands, Inc. is a prominent American manufacturer of firearms and accessories. The company has a long-standing history, founded in 1852, and has established itself as a leading supplier within the firearms industry.

Mission Statement

The mission statement of Smith & Wesson Brands, Inc. emphasizes their commitment to the following key areas:

• Quality: Delivering reliable and high-performance firearms to customers.
• Innovation: Continually advancing technology in firearm design and manufacturing.
• Community: Supporting the communities they serve through safety education and responsible gun ownership.
• Sustainability: Adopting practices that respect the environment and create long-term value.

Financial Performance

As of the end of the fiscal year 2023, Smith & Wesson reported significant financial statistics:

Market Position

Smith & Wesson's market position within the firearms industry is demonstrated through several key statistics:

• Market Share: Approximately 25% of the U.S. handgun sales.
• Employee Count: Over 1,900 employees as of 2023.
• Product Range: Over 150 models of handguns and rifles available.

Commitment to Safety and Education

Smith & Wesson has established programs aimed at promoting safety and responsible firearm use.

• Education Initiatives: Participation in over 200 community events promoting firearm safety annually.
• Training Programs: Collaborations with law enforcement agencies for training on firearm safety.

Recent Developments

In 2023, Smith & Wesson took notable steps to enhance their product offerings and community outreach:

• Launch of 10 new firearm models, including advanced safety features.
• Investment of $5 million in community safety programs.

Corporate Social Responsibility

The company’s initiatives underline their commitment to corporate social responsibility:

• Partnerships with local governments to promote safe firearm ownership and storage.
• Environmental initiatives focusing on reducing waste in manufacturing by 30%.

How Smith & Wesson Brands, Inc. (SWBI) Works

Company Overview

Smith & Wesson Brands, Inc. (SWBI) is a leading manufacturer of firearms and ammunition. The company has a diverse product line, including handguns, long guns, and accessories. As of the fiscal year-end 2023, the company generated approximately $1.07 billion in net sales, with significant contributions from both commercial and government sectors.

Product Segmentation

Smith & Wesson's product portfolio can be segmented into various categories:

• Handguns
• Rifles
• Ammunition
• Accessories

Market Presence

Smith & Wesson operates in a highly competitive landscape. The primary markets for the company include:

• United States
• Canada
• International Markets

In 2023, the U.S. market accounted for approximately 90% of total sales, translating to $963 million.

Financial Performance

The financial health of Smith & Wesson can be assessed through several key metrics. As of the end of the fiscal year 2023:

Sales Channels

Smith & Wesson distributes its products through multiple channels:

• Retail Partners
• Online Sales
• Direct Sales to Government Agencies

Research and Development

The company invests heavily in R&D to innovate and improve its product offerings. In 2023, Smith & Wesson allocated approximately $30 million to R&D initiatives.

Corporate Governance

Smith & Wesson's corporate governance structure ensures compliance and ethical practices. The board consists of 10 members, including independent directors and experts in various fields.

Sustainability Initiatives

As part of its commitment to sustainability, Smith & Wesson has implemented several programs aimed at reducing its environmental footprint. Investments in sustainable practices amounted to $5 million in 2023.

Recent Developments

In 2023, Smith & Wesson launched two new firearm models, significantly impacting its market presence:

• Model A - Sales of $30 million
• Model B - Sales of $25 million

Conclusion on Future Outlook

Smith & Wesson continues to explore opportunities for growth, focusing on expanding its product line and enhancing market penetration. The projected growth rate for the firearms industry is estimated at 3% annually for the next five years.

How Smith & Wesson Brands, Inc. (SWBI) Makes Money

Revenue Streams

Smith & Wesson Brands, Inc. generates revenue through several key streams:

• Firearms Sales: The predominant source of revenue, accounting for approximately 83% of total revenue in fiscal year 2023.
• Accessories and Ammunition: Contributed about 15% to total revenues in the same fiscal year.
• Licensing and Other: Generated roughly 2% of revenues, including licensing of trademarks and royalties.

Financial Performance

For the fiscal year ending April 30, 2023, Smith & Wesson reported the following financial metrics:

Product Categories

The company’s product offerings can be segmented into various categories, with respective revenue contributions as follows:

Market Position

As of fiscal year 2023, Smith & Wesson holds a significant market share in the firearms industry:

• U.S. Handgun Market Share: Approximately 23%.
• Long Gun Market Share: Approximately 9%.

Sales Channels

Smith & Wesson utilizes various sales channels to distribute its products:

• Direct Sales: 35% of overall sales.
• Retail Partnerships: 50% of sales, including large sporting goods retailers.
• Online Sales: Approximately 15% of total sales, increasing due to e-commerce trends.

Geographic Revenue Distribution

The geographical breakdown of revenues for the fiscal year 2023 is as follows:

Recent Developments

Smith & Wesson has made strategic moves to enhance profitability:

• New Product Launches: Introduction of the M&P 5.7 pistol in 2023.
• Acquisitions: Acquired a small ammunition manufacturer to expand product offerings.
• Cost Management Initiatives: Aiming for a 10% reduction in operating costs over the next fiscal year.

Financial Outlook

Projected revenue growth for the next fiscal year, based on current trends and upcoming product releases, is estimated at: