Smith Wesson Brands Inc (0HEM.L) Q1 2026 Earnings Report

Smith & Wesson Brands Inc reported QQ1 2026 revenue of USD 85.08 million, down 3.69% year over year and down 39.56% quarter over quarter, translating into a gross profit of USD 22.07 million and a gross margin of 25.95%. EBITDA stood at USD 5.54 million (6.51% margin), while operating income and net income were negative at USD -3.00 million and USD -3.41 million respectively, resulting in an EPS of -0.077. The quarter exhibited notable profitability pressure driven by continued operating expenses and working capital dynamics, culminating in negative free cash flow of USD -12.40 million and a cash balance of USD 17.96 million at period end. Total debt remained elevated at USD 129.36 million with net debt of USD 111.40 million, underscoring a leverage constraint even as financing activities provided a modest cash inflow of USD 8.31 million and dividend outflows of USD 5.86 million.