Smith & Wesson Holding Corporation Reports Third Quarter Fiscal 2010 Financial ...

PR Newswire (Mar 11 2010)

1. Michael F. Golden, Smith & Wesson President and Chief Executive Officer, said, "Our third quarter revenue results reflect ongoing growth at Universal Safety Response (USR), partially offset by anticipated year-over-year declines in our firearms division. USR revenue grew by 70% over the comparable period last year, which was prior to our acquisition of USR. USR revenue would have been higher but for severe weather conditions in the mid-Atlantic and northeastern region of the United States that delayed a number of construction projects. Firearms division sales of $74.7 million were within our expected range, declining on a year-over-year basis caused in ... (Read Full Article)

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