Freedom Group Profit Climbs In Q1
The parent of Remington and other gun brands reported net income of $26.8 million against $5.6 million for the period ended Mar. 31. Gross margin improved 30 b.p. to 34.5% as revenues shot 56% higher to $320.2 million from $205.6 million. Sales of firearms rose 53% to $194.5 million as ammunition sales increased 45% to $100.3 million. All Other sales, buoyed by a newly acquired ... Log in to view full article.
