Sunday, February 19, 2012

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

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The Springfield, Massachusetts gun make r (Nasdaq: SWHC) recently secured a rare ordef from the India Police Force afteer terrorists stormed Mumbai With support fromthe U.S. Embasst in New Delhi and the , Smith Wesson secured an export license and began shippinv weaponsin June. In its fiscal fourth the company secured orderds from several law enforcement agenciesin Mexico, whose drug-related violencr is on the rise. The company on Monday said net sales for the fourth quarter that ended April 30 surgef 20 percentto $99.5 milliomn compared with the year-ago period. Net income duringg the quarterwas $7.4 compared with $3.3 million in the year-earlietr period.
Smith & Wesson President and CEO Michaek F. Golden said in a statement the resultes reflect a number of records for the including for cash levels and unfilled customerr ordersfor firearms.

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