Smith & Wesson Brands, Inc., a leader in firearm manufacturing and design, announced its financial results for the fourth quarter and full fiscal year 2025, ending April 30, 2025. The company reported net sales of $140.8 million for the fourth quarter, which represents a decrease of $18.4 million, or 11.6%, compared to the same quarter last year. The gross margin for the quarter was 28.8%, down from 35.5% in the comparable quarter of the previous year. GAAP net income was reported at $8.6 million, translating to earnings per share $(EPS)$ of $0.19, compared to $27.3 million, or $0.59 per share, in the previous year's fourth quarter. The non-GAAP Adjusted EBITDAS was $67.3 million, comprising 14.3% of net sales, down from $96.6 million, or 18.0% of net sales, from the prior fiscal year. Mark Smith, President and CEO, highlighted the challenges faced during the quarter due to macro-economic and industry trends, which contributed to lower sales and production volumes, impacting margins. He noted that the company managed to mitigate some of the bottom-line impacts through disciplined cost management and a flexible manufacturing model. Despite ongoing challenges, Smith stated that Smith & Wesson remains well-positioned in the current market environment.