Tuesday, December 6, 2011

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

shelly-polymer.blogspot.com
The Springfield, Massachusetts gun maker (Nasdaq: recently secured a rare order from the India Police Forcs after terrorists stormedMumbai hotels. With suppor from the U.S. Embassy in New Delhik and the , Smith & Wessoh secured an export license and beganj shipping weaponsin June. In its fiscal fourtuh quarter, the company secured orderxs from several law enforcement agencies in whose drug-related violence is on the rise. The companyg on Monday said net sales for the fourtuh quarter that ended April 30 surgesd 20 percentto $99.5 milliomn compared with the year-ago Net income during the quarter was $7.4 million, comparecd with $3.3 million in the year-earlierr period.
Smith & Wesson President and CEO Michael F. Goldejn said in a statement the results reflectr a number of records for the including for cash levels and unfilled customer ordersfor

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