Smith & Wesson Holding Corporation (NYSE:AOS) Files An 8-K Results of Operations and Financial Condition
Item2.02.
|
Results of Operations and Financial Condition. |
As described in Item 7.01, we are furnishing this Current Report
on Form 8-K in connection with the disclosure of information
during a conference call and webcast on December 1, 2016
discussing our second quarter fiscal 2017 financial and
operational results.The disclosure provided in Item 7.01 of this
Current Report on Form 8-K is hereby incorporated by reference
into this Item2.02.
The information in this Current Report on Form 8-K (including the
exhibit) is furnished to Item 2.02 and shall not be deemed to be
filed for the purpose of Section 18 of the Securities Exchange
Act of 1934, as amended, or the Exchange Act, or otherwise
subject to the liabilities of that section.
| Item7.01. | Regulation FD Disclosure. |
We are furnishing this Current Report on Form 8-K in connection
with the disclosure of information during a conference call and
webcast on December 1, 2016 discussing our second quarter fiscal
2017 financial and operational results.The transcript of the
conference call and webcast is included as Exhibit99.1 to this
Current Report on Form 8-K.
The information in this Current Report on Form 8-K (including the
exhibit) is furnished to Item 7.01 and shall not be deemed to be
filed for the purpose of Section 18 of the Exchange Act, or
otherwise subject to the liabilities of that section.This Current
Report on Form 8-K will not be deemed an admission as to the
materiality of any information in the Current Report on Form 8-K
that is required to be disclosed solely by Regulation FD.
The text included with this Current Report on Form 8-K and the
replay of the conference call and webcast on December 1, 2016 is
available on our website located at
www.smith-wesson.com, although we reserve the right to
discontinue that availability at any time.
Certain statements contained in this Current Report on Form 8-K
may be deemed to be forward-looking statements under federal
securities laws, and we intend that such forward-looking
statements be subject to the safe-harbor created thereby. Such
forward-looking statements include, but are not limited to, our
expanded vision, which is to be a leading provider of
high-quality products for the shooting, hunting, and rugged
outdoor enthusiast; our belief that our acquisitions position us
well to explore new opportunities, both organic and inorganic, in
the large and growing market for shooting, hunting, and rugged
outdoor enthusiasts; our focus on increasing inventory to
optimize distribution of our products with independent retailers
in support of our case market share strategy and the importance
of this strategy at this time of year when we move towards the
holiday season and distributor shows; our belief that Q3 and Q4
are typically our strongest shipping quarters of the year; our
belief that our first LiNQ product will grow into a robust
product platform over time; our belief that new product
development is a key part of our organic growth strategy across
the entire multi-division structure; our preparations for SHOT
Show in Las Vegas next month; our plans to launch over 100 new
products at SHOT 2017 and the brand composition of such new
products; our plans to launch a major new addition to our MP
polymer pistol family; our belief that SHOT Show will be an
exciting time for our company, with new products that position us
well for our next fiscal year; our belief that the areas of
strength we have identified in the UST distribution network will
create multiple incremental opportunities for our existing
accessory product lines in the coming years; our focus on
maintaining a robust new product pipeline that has continued to
fuel our organic growth and profitability year after year; our
belief that operationally our unique approach to increasing
production allows us to efficiently respond to changes in our
marketplace; our belief that we continue to achieve market share
gains in what we estimate to be a $4billion domestic firearms
market; our estimates regarding the firearms market growth rate
over the long term in a normalized environment; our pursuit of a
broader and exciting strategy; our focus on the growing market
for shooting, hunting, and the rugged outdoor enthusiasts; our
belief that the shooting, hunting, and rugged outdoors markets,
taken together, provide us with a much larger addressable market,
one that we believe exceeds $60billion-plus in size, and one with
a user base that has much in common with our core firearm
consumer, a rugged outdoor life>
We do not have, and expressly disclaim, any obligation to release
publicly any updates or any changes in our expectations or any
change in events, conditions, or circumstances on which any
forward-looking statement is based.
| Item9.01. | Financial Statements and Exhibits. |
| (a) | Financial Statements of Business Acquired. |
Not applicable.
| (b) | Pro Forma Financial Information. |
Not applicable.
| (c) | Shell Company Transactions. |
Not applicable.
| (d) | Exhibits. |
|
Exhibit Number |
Exhibits |
|
| 99.1 |
Transcript of conference call and webcast conducted on December 1, 2016 |
2
About Smith & Wesson Holding Corporation (NYSE:AOS)
A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. The Company’s Rest of World segment primarily comprises China, Europe and India. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers. The Company’s North America segment serves residential and commercial end markets in North America with a range of products, including water heaters, boilers and other. Its North America segment also manufactures and globally markets specialty commercial water heating equipment, condensing and non-condensing boilers and water systems tanks. Primarily for Asia, its Rest of World segment also manufactures and markets water treatment products. The Company also markets in-home air purification products in China. Smith & Wesson Holding Corporation (NYSE:AOS) Recent Trading Information
Smith & Wesson Holding Corporation (NYSE:AOS) closed its last trading session up +0.24 at 49.23 with 1,522,604 shares trading hands.