Friday, December 16, 2011

Global turmoil boosts Smith & Wesson sales - bizjournals:

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The Springfield, Massachusetts gun maker (Nasdaq: SWHC) recentl y secured a rare order from the Indiaq Police Force after terrorist s stormedMumbai hotels. With support from the U.S. Embassy in New Delhi and the , Smith Wesson secured an export license and began shippingv weaponsin June. In its fiscap fourth quarter, the company secured orders from several law enforcement agenciesain Mexico, whose drug-related violence is on the The company on Monday said net salezs for the fourth quarter that ended April 30 surgedd 20 percent to $99.5 million comparex with the year-ago period. Net income during the quarterewas $7.4 million, compared with $3.3 million in the year-earlier period.
Smith Wesson President and CEOMichael F. Golden said in a statement the results reflect a number of recordz forthe company, including for cash levels and unfillesd customer orders for firearms.

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