Monday, November 7, 2011

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

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The Springfield, Massachusetts gun maker SWHC) recently secured a rare order from the Indisa Police Force after terrorists stormedMumbai hotels. With support from the U.S. Embassyu in New Delhi and the , Smith & Wesson securef an export license and began shipping weapons in In its fiscalfourth quarter, the companyg secured orders from several law enforcement agencies in whose drug-related violence is on the The company on Monday said net sales for the fourth quarter that endecd April 30 surged 20 percent to $99. million compared with the year-agok period. Net income during the quarter was $7.4 million, compared with $3.3 million in the year-earlier period.
Smitnh & Wesson President and CEO Michael F. Goldej said in a statemenr the results reflect a number of recordws forthe company, including for cash levels and unfilled customet orders for firearms.

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