Tranche Update on Smith & Wesson Brands, Inc.'s Equity Buyback Plan announced on June 17, 2021.
March 03, 2022 at 04:16 pm
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From November 1, 2021 to December 31, 2021, the company has repurchased 2,788,152 shares, representing 5.77% for $50 million. With this, the company has completed the repurchase of 2,788,152 shares, representing 5.77% for $50 million under the buyback announced on June 17, 2021.
Smith & Wesson Brands, Inc. is a manufacturer of firearms products. The Company manufactures a range of handguns (including revolvers and pistols), long guns (including modern sporting rifles), handcuffs, firearm suppressors, and other firearm-related products for sale to a wide variety of customers, including firearm enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and throughout the world. The Company sells its products under the Smith & Wesson, M&P, and Gemtech brands. The Company manufactures its products at its facilities in Springfield, Massachusetts; Houlton, Maine; and Deep River, Connecticut. The Company also provides manufacturing services, including forging, heat treating, rapid prototyping, tooling, finishing, plating, machining, and custom plastic injection molding.