Smith Wesson Brands Inc (0HEM.L) Q4 2026 Earnings Report

Smith & Wesson Brands reported Q4 2026 revenue of $178.4 million, up 26.7% year‑over‑year and 31.5% sequentially. Gross profit was $53.1 million (29.8% gross margin). Operating income was $21.3 million (11.96% operating margin) and net income was $16.2 million (9.1% net margin), producing diluted EPS of $0.36. The company reports a strong conservative balance sheet with cash and short‑term investments of $33.35 million, no reported long‑term debt and shareholders' equity of $376.6 million. Inventory is elevated ($156.3 million) and working capital is sizeable; the current ratio is approximately 3.2x. Reported EBITDA is negative on a nonstandard basis due to large depreciation and amortization and non‑cash adjustments in the period; however operating income and net income are positive. Near‑term outlook depends on inventory normalization, demand stability and any further non‑cash accounting items that affect adjusted EBITDA.