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UNITED STATES



SECURITIES AND EXCHANGE COMMISSION



Washington, D.C. 20549





Form

10-Q


















QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934




















TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934





For the quarterly period ended

January 31, 2021



Commission File No.

001-31552













Smith & Wesson Brands, Inc.



(Exact name of registrant as specified in its charter)





















Nevada








87-0543688




(State or other jurisdiction of



incorporation or organization)







(I.R.S. Employer



Identification No.)





















2100 Roosevelt Avenue




Springfield

,

Massachusetts








01104




(Address of principal executive offices)







(Zip Code)





(

800

)

331-0852



(Registrant’s telephone number, including area code)





Securities registered pursuant to Section 12(b) of the Act:


















Title of each Class




Trading Symbol




Name of exchange on which registered





Common Stock, par value $0.001 per share





SWBI





Nasdaq Global Select Market







Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes




No





Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes




No





Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

















































Large accelerated filer














Accelerated filer























Non-accelerated filer














Smaller reporting company




























Emerging growth company




























If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.





Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes





No





The registrant had

53,249,177

shares of common stock, par value $0.001, outstanding as of March 2, 2021.











SMITH & WESSON BRANDS, INC.



Quarterly Report on Form 10-Q



For the Three and Nine Months Ended January 31, 2021 and 2020





TABLE OF CONTENTS



































































































PART I - FINANCIAL INFORMATION








4









Item 1. Financial Statements (Unaudited)










4









Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations










21









Item 3. Quantitative and Qualitative Disclosures About Market Risk










28









Item 4. Controls and Procedures










28


















PART II - OTHER INFORMATION








30









Item 1. Legal Proceedings










30









Item 2. Unregistered Sales of Equity Securities and Use of Proceeds










30









Item 5. Other Information










30









Item 6. Exhibits










30






Signatures










32




EX-31.1










EX-31.2










EX-32.1










EX-32.2













Smith & Wesson®, S&W®, M&P®, M&P Shield®, Performance Center®, Airlite®, Airweight®, Armornite®,


The above information was disclosed in a filing to the SEC. To see the filing, click here.

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