SMITH AND WESSON

Smith and Wesson Holding Corporation

Table of Contents

Introduction and Organizational Structure3

Discussion of Products, Services and Markets5

Financial Statements Analysis7

Financial Highlights7

Ratio Analysis8

Profitability Ratio8

Liquidity Ratio9

Debt Management Ratios10

Asset Management Ratios11

Capital Structure12

Long Term Debt13

Stock Valuation14

Current Valuation14

Forward Valuation14

Raw Material Situation in U.S.A15

Current Environment15

Industry Profile16

Market Trends and Outlook17

SWOT Analysis17

Strengths17

Weaknesses18

Opportunities18

Threats18

References20

Smith and Wesson Holding Corporation

Introduction and Organizational Structure

Exist in the U.S. financial and industrial company Smith & Wesson Holding Corp. Industrial goods SWHC can be divided into two groups: the first consists of a structure with the dominance of banks, with control of enterprises is carried out by banks (e.g., "Chase," "Morgan", "Mellon", "Lyman-Goldman, and Sachs"). The organizational structure of banking and financial-industrial groups, a horizontal integration of large firms such as oligopolistic, in the center of which is a leading commercial bank. In the U.S. financial and industrial company Smith & Wesson Holding Corp. Industrial goods SWHC formed in a developed market system, established market capital access as major investors and small investors to equity instruments. High level and pace of industrial development and the prevailing competitive market environment have allowed corporations to effectively increase capital by issuing shares. Banks also was played a supportive role, acting as financial settlement agents, and not taking part in the management of corporations (Smith & Wesson Holding Corp, 2011).

Smith & Wesson Holding Corporation (SWHC) is a manufacturer of firearms and provider of related solutions. The company primarily operates in the US and Germany. The company operates through two segments: firearms and perimeter security.

The firearm segment consists of the company's products and services manufactured and sold from its Springfield, Massachusetts, Houlton, Maine, and Rochester, New Hampshire facilities, which includes primarily firearms, handcuffs, and related accessories sold through a distribution chain and direct sales to consumers and international, state, and federal governments. SWHC manufactures 61 different models of pistols, 86 different models of revolvers, four models of bolt-action rifles, and a range of tactical rifles designed for the functional use of global military, law enforcement and security personnel. It also sells parts and accessories, including accessories for black powder rifles.

The company also operates Smith & Wesson Academy, a law enforcement training facility through which it trains law enforcement personnel from all 50 states in the US and more than 50 foreign countries. The subsidiaries of the company include: Fox Ridge Outfitters, K.W. Thompson Tool Company, O.L. Development, Smith & Wesson, Smith & Wesson Firearms Training Centre, Bear Lake Holdings, Thompson/Center Arms Company, Thompson Center Holding and Universal Safety Response.

Smith & Wesson Holding Corporation (SWHC) started in 1852, when Horace Smith and Daniel B Wesson forged a partnership to manufacture pistols. The company continued to grow throughout the 19th and 20th centuries, supplying revolvers in the Civil War, World War I and World II. The company's technological innovations included producing the first self-contained cartridge, the first automatic cartridge-discharge system, and the first double-action handgun.

In 1965, SWHC were sold by the Wesson family to the Bangor Punta Corporation. The company grew through a number of acquisitions in the 1970s, with a particular ...