(AOF) – The American arms manufacturer Smith & Wesson is expected to rise sharply on Wall Street thanks to the sharp increase in its activity. In the first quarter, which ended at the end of July, the group generated a net profit of 3.1 million dollars, or 7 cents per share, against respectively 3.3 million dollars and 7 cents per share, a year earlier. Adjusted earnings per share came in at 13 cents. Revenues soared 35.4% to $114.2 million.
“Our sales results reflect strong consumer demand for the Smith & Wesson brand at retail. Inventories of our products remained stable throughout this summer’s seasonal slowdown, which indicates a good flow of our shipments, both at the distributor and retailer level. (…) Combined with healthy and lighter stocks as we approach fall, a traditionally busy season, we anticipate that these favorable winds will allow us to continue to deliver strong results,” said CEO Mark Smith.
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The end of a duopoly?
For several decades, the American Boeing and the European Airbus have shared 99% of the world market for airliners with more than 110 seats. This market is worth more than 100 billion dollars per year. However, this duopoly appears weakened in 2022 for several reasons. First, for the first time, two medium-haul single-aisle aircraft, the Chinese Comac’s C919 and the Russian Irkut’s MC-21, are about to enter service. Added to this is the Boeing 737 MAX crisis. With the cessation of deliveries of this aircraft between 2019 and 2021, the production balance has been disrupted. In 2021 Boeing posted 340 deliveries, with Airbus remaining well in the lead, with 611.