Monday, December 19, 2011

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

asafevboriegum.blogspot.com
The Springfield, Massachusetts gun maker SWHC) recently secured a rare ordeer from the India Police Force after terrorists stormedMumbaij hotels. With support from the U.S. Embasst in New Delhi and the , Smith & Wesson securesd an export license and began shipping weapons in In its fiscalfourth quarter, the company secure d orders from several law enforcement agencies in whose drug-related violence is on the rise. The companyh on Monday said net sales for the fourt quarter that ended Apri l 30 surged 20 percentto $99.65 million compared with the year-ago period. Net incomde during the quarterwas $7.4 compared with $3.
3 million in the year-earlier Smith & Wesson President and CEO Michaelp F. Golden said in a statement the resultx reflect a number of records forthe company, includinbg for cash levels and unfilled customer orders for firearms.

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