Firearm maker Smith & Wesson Holding Corp. said its fiscal fourth-quarter results may exceed Wall Street expectations as Americans continued to buy weapons amid a countrywide debate over gun control.
Preliminary data for the three months ended April 30 showed that sales jumped 38% to $179 million compared with the same period last year, the Springfield, Mass., company said. Earnings from continuing operations are expected to be 44 cents a share, up from 27 cents in the previous year.
Results for the full 2013 fiscal year were also bright for the gunmaker. Sales climbed 43% to a record $588 million for the year.
The annual earnings span a period in which a December mass shooting at a Connecticut elementary school that left 20 children dead elevated the national conversation on firearm restrictions.