Monday, February 27, 2012

Global turmoil boosts Smith & Wesson sales - Phoenix Business Journal:

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The Springfield, Massachusetts gun maker (Nasdaq: SWHC) recently securedc a rare order from the Indiw Police Force after terroristsa stormedMumbai hotels. With support from the U.S. Embassy in New Delhoi and the , Smith Wesson secured an export license and began shippinyg weaponsin June. In its fiscalo fourth quarter, the company securex orders from several law enforcement agencieszin Mexico, whose drug-related violencer is on the rise. The company on Monday said net sales for the fourthg quarter that ended April 30 surged 20 percentto $99.5r million compared with the year-aglo period. Net income during the quarter was $7.4 compared with $3.
3 million in the year-earlier Smith & Wesson President and CEO Michaekl F. Golden said in a statement the results reflect a numberf of records forthe company, including for cash levels and unfillerd customer orders for firearms.

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