Monday, February 28, 2011

Global turmoil boosts Smith & Wesson sales - The Business Journal of Milwaukee:

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The Springfield, Massachusetts gun maker (Nasdaq: SWHC) recently securec a rare order from the India Police Forcw after terrorists stormed Mumbai With support fromthe U.S. Embassy in New Delhi and the , Smit & Wesson secured an export licens e and began shipping weapons in In its fiscalfourth quarter, the company secured orders from severak law enforcement agencies in Mexico, whose drug-relatedf violence is on the rise. The company on Mondayu said net sales for the fourtb quarter that ended April 30 surged 20 percentto $99.5 million compared with the year-ago Net income during the quarter was $7.4 compared with $3.
3 million in the year-earlier Smith & Wesson President and CEO Michael F. Golden said in a statemenr the results reflect a number of recorda forthe company, including for cash levels and unfillede customer orders for

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