The firearms maker reported a net loss of $95,520,544against a profit of $6,533,607 for the period ended Oct. 31. Excluding anon-cash impairment charge of $76.5 million related to goodwill and intangibleasset write-down related to the purchase of Thompson/Center Arms, net incomewould have been $245,000. Total Q2 sales rose 3% to $72,729,122 from$70,775,676. Firearms sales were 3% higher at $67.5 million; pistol sales rose40% to $18.5 million.

Smith & Wesson described the hunting market as“uncertain for the foreseeable future” and added, “the burden that the ... Log in to view full article.