SWBI 8-K

Smith & Wesson Brands, Inc. (SWBI)

8-K 2026-09-03 For: 2026-09-03

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Added on September 04, 2026

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Nevada	001-31552	87-0543688
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1852 Proffitt Springs Road
Maryville, Tennessee		37801
(Address of Principal Executive Offices)		(Zip Code)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.001 per share	SWBI	Nasdaq Global Select Market


			SMITH & WESSON BRANDS, INC.

Date:	September 3, 2026	By:	/s/ Deana L. McPherson
			Deana L. McPherson Executive Vice President, Chief Financial Officer, Treasurer, and Assistant Secretary


	As of:
	July 31, 2026		April 30, 2026
	(In thousands, except par value and share data)
ASSETS
Current assets:
Cash and cash equivalents	$	18,699	$	28,190
Marketable securities		6,536		5,162
Accounts receivable, net of allowances for credit losses of $5 on July 31, 2026 and April 30, 2026		29,711		40,014
Inventories		180,661		156,250
Prepaid expenses and other current assets		8,558		7,170
Income tax receivable		3,328		4,617
Total current assets		247,493		241,403
Property, plant, and equipment, net of accumulated depreciation and amortization of $403,821 on July 31, 2026 and $397,668 on April 30, 2026		242,813		238,643
Intangibles, net		1,879		1,956
Goodwill		19,024		19,024
Deferred income taxes		4,347		4,347
Other assets		7,748		7,393
Total assets	$	523,304	$	512,766
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	37,393	$	34,570
Accrued expenses and deferred revenue		17,095		19,146
Accrued payroll and incentives		6,577		15,196
Accrued profit sharing		5,899		5,155
Accrued warranty		1,467		1,300
Total current liabilities		68,431		75,367
Notes and loans payable (Note 3)		39,185		19,121
Finance lease payable, net of current portion		31,676		32,163
Other non-current liabilities		10,310		9,556
Total liabilities		149,602		136,207
Commitments and contingencies (Note 8)
Stockholders’ equity:
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding		—		—
Common stock, $0.001 par value, 100,000,000 shares authorized, 44,839,680 shares issued and outstanding on July 31, 2026 and 44,605,993 shares issued and outstanding on April 30, 2026		45		45
Additional paid-in capital		3,194		2,776
Retained earnings		370,463		373,738
Total stockholders’ equity		373,702		376,559
Total liabilities and stockholders’ equity	$	523,304	$	512,766


	For the Three Months Ended July 31,
	2026			2025
	(In thousands, except per share data)
Net sales	$	112,587		$	85,077
Cost of sales		80,317			63,003
Gross profit		32,270			22,074
Operating expenses:
Research and development		2,557			3,007
Selling, marketing, and distribution		10,158			8,752
General and administrative		15,338			13,316
Gain on sale/disposition of assets, net		—			(43	)
Total operating expenses		28,053			25,032
Operating income/(loss)		4,217			(2,958	)
Other expense, net:
Other income, net		98			62
Interest expense, net		(298	)		(1,205	)
Total other expense, net		(200	)		(1,143	)
Income/(loss) before income taxes		4,017			(4,101	)
Income tax expense/(benefit)		1,429			(690	)
Net income/(loss)	$	2,588		$	(3,411	)
Net income/(loss) per share:
Basic - net income/(loss)	$	0.06		$	(0.08	)
Diluted - net income/(loss)	$	0.06		$	(0.08	)
Weighted average number of common shares outstanding:
Basic		44,778			44,262
Diluted		45,476			44,262

SWBI 8-K

FORM 8-K

Item 2.02 Results of Operations and Financial Condition.

Item 9.01 Financial Statements and Exhibits.


	For the Three Months Ended
	July 31, 2026					July 31, 2025
	$		% of Sales			$			% of Sales
GAAP gross profit	$	32,270		28.7	%	$	22,074			25.9	%
Relocation expenses		—					85
Non-GAAP gross profit	$	32,270		28.7	%	$	22,159			26.0	%

GAAP operating expenses	$	28,053		24.9	%	$	25,032			29.4	%
Relocation expenses		—					53
Non-GAAP operating expenses	$	28,053		24.9	%	$	25,085			29.5	%

GAAP operating income	$	4,217		3.7	%	$	(2,958	)		-3.5	%
Relocation expenses		—					32
Non-GAAP operating income	$	4,217		3.7	%	$	(2,926	)		-3.4	%

GAAP net income	$	2,588		2.3	%	$	(3,411	)		-4.0	%
Relocation expenses		—					32
Tax effect of non-GAAP adjustments		—					(11	)
Non-GAAP net income	$	2,588		2.3	%	$	(3,390	)		-4.0	%

GAAP net income per share - diluted	$	0.06				$	(0.08	)
Relocation expenses		—					—
Tax effect of non-GAAP adjustments		—					—
Non-GAAP net income per share - diluted	$	0.06				$	(0.08	)


	For the Three Months Ended July 31,
	2026			2025
	(In thousands)
Cash flows from operating activities:
Net income/(loss)	$	2,588		$	(3,411	)
Adjustments to reconcile net income/(loss) to net cash used in operating activities:
Depreciation and amortization		7,701			8,436
Gain on sale/disposition of assets		—			(43	)
Stock-based compensation expense		1,813			1,892
Non-cash sublease income		(461	)		(442	)
Other, net		(77	)		(51	)
Changes in operating assets and liabilities:
Accounts receivable		10,303			14,559
Inventories		(24,411	)		(13,257	)
Prepaid expenses and other current assets		(1,388	)		(2,781	)
Income taxes		1,289			(817	)
Accounts payable		3,033			(6,429	)
Accrued payroll and incentives		(8,619	)		(1,371	)
Accrued profit sharing		744			—
Accrued expenses and deferred revenue		(1,988	)		(4,092	)
Accrued warranty		167			(127	)
Other assets		(294	)		23
Other non-current liabilities		754			(199	)
Net cash used in operating activities		(8,846	)		(8,110	)
Cash flows from investing activities:
Purchases of marketable securities		(1,456	)		(3,168	)
Proceeds from sale of marketable securities		159			—
Payments to acquire patents and software		(11	)		(54	)
Proceeds from sale of property and equipment		—			49
Payments to acquire property and equipment		(11,929	)		(4,291	)
Net cash used in investing activities		(13,237	)		(7,464	)
Cash flows from financing activities:
Proceeds from loans and notes payable		20,000			20,000
Payments on loans and notes payable		—			(5,000	)
Payments on finance lease obligation		(52	)		(46	)
Dividend distribution		(5,961	)		(5,855	)
Payment of employee withholding tax related to restricted stock units		(1,395	)		(792	)
Net cash provided by financing activities		12,592			8,307
Net decrease in cash and cash equivalents		(9,491	)		(7,267	)