Firearms manufacturer Smith & Wesson has record sales

Posted Jun 26, 2013 by Owen Weldon
Gun manufacturer Smith & Wesson Holding Corp. reported its fourth quarter sales on Tuesday amid a surge in demand for firearms.
Smith & Wesson 500 Magnum & NAA Mini .22 LR
Smith & Wesson 500 Magnum & NAA Mini .22 LR
Steve Z
The company, based in Springfield, Mass., said that even though it continued to increase its production capacity, it was still not able to meet the demand across most of their product lines, which resulted in additional growth, according to BusinessWeek.
According to Fox, the company said that last quarter it earned $25.17 million, compared to $12.47 million just a year earlier.
According to Wall Street Journal, Smith & Wesson's gross margin rose from 36.1% to 38.3%.
On Tuesday's close, the company's stock went up by 45% in the past 12 months.