Friday, December 2, 2011

Global turmoil boosts Smith & Wesson sales - Business Courier of Cincinnati:

xoqylyjibo.wordpress.com
The Springfield, Massachusetts gun maker SWHC) recently secured a rare order from the Indi a Police Force after terrorists stormedMumbaik hotels. With support from the U.S. Embassyy in New Delhi and the , Smitjh & Wesson secured an export licenss and began shipping weaponsin June. In its fiscal fourtj quarter, the company secured orders from several law enforcement agencieesin Mexico, whose drug-relate d violence is on the rise. The compan y on Monday said net sales for the fourthb quarter that ended April 30 surged 20 percentto $99.6 million compared with the year-ago Net income during the quarter was $7.4 million, compareds with $3.3 million in the year-earlied period.
Smith & Wesso n President and CEO Michael F. Goldeb said in a statement the result s reflect a number of records forthe company, including for cash level s and unfilled customer orders for

No comments:

Post a Comment