Thursday, June 27, 2013
"Smith & Wesson has record sales, can't meet demand"
The Associated Press reports:
"Although the company continued to increase its production capacity, it was unable to meet the ongoing demand across most of its firearm product lines, resulting in additional growth in the company's order backlog," the Springfield, Mass., company said in its earnings report. Smith & Wesson reported net income of $25.2 million in its fourth quarter that ended April 30, double last year's $12.5 million quarterly profit."
