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Found this on another site and thought it was interesting. The following is from the Smith & Wesson 2006 annual report which came out a month or so ago; everything here pertains to that brand only. These owners took over in May, 2001; the brand is 150-years old, and in 2002 their product sales were $79 million, with a loss of $17.8 million; in 2006 it was $157.8 million with a profit of $8.7 million. Pistol models 27 Revolver models 39 Pistol price range $249 to $1274 Revolver prices $457 to $1378 Firearm sales, including rifles and Walther brand, $147.4 million Pistol sales $48.9 million or 31.0% of product sales, with current backlog of 75,160 units. Pistol sales are up 69% from year before and includes U.S. purchase of $10 million for Sigmas. Revolver sales $61.4 million or 38.9% of product sales, with current backlog of 13,643 units. Revolver sales are up 13.7% from year before New models introduced: eight pistols, seven revolvers Manufacturing, Springfield, Mass.: 530,323 s.f.; Houlton, Maine, (Walther) 38,115 s.f. Currently working three-shift, 40-hour work week Capacity: 1,900 handguns per day “… we offer more handgun models, in more calibers, for more applications, than any other handgun manufacturer†This report says that insurance is hard to obtain and expensive; they spent $3.7 million for it in fiscal 2006. No indication of legal expenses but I imagine it’s a killer too. They employ 41 direct sales people and sell through 26 commercial distributors, plus 26 law enforcement distributors plus some direct sales. All in all it’s a nicely written report with some S&W history and some very frank comments about the difficulties of being a large gun manufacturer (also known as big juicy target). I own several of their revolvers, blued or nickeled, all steel K- and N-frames; I prefer revolvers for the kind of shooting I do. And I find their workmanship kind of awesome, the pinnacle of traditional American quality and know-how. It's also nice to know they are providing good jobs in manufacturing; they employ 832 people, and I wish them continued good health. | ||
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one of us |
Agreed. I have several S&W revolvers and a S&W Custom Shop "Shorty 40". All excellent guns. In addition, they seem to have a knack for reading or creating the market. Their 500 magnum and 460 seem to have created quite a stir. Good luck to them. Peter. Be without fear in the face of your enemies. Be brave and upright, that God may love thee. Speak the truth always, even if it leads to your death. Safeguard the helpless and do no wrong; | |||
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One of Us |
Certainly a brighter outlook than a New Haven based former manufacturer... Member NRA, SCI- Life #358 28+ years now! DRSS, double owner-shooter since 1983, O/U .30-06 Browning Continental set. | |||
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