Smith & Wesson Holding Corporation announced that it has been awarded a firearms contract from the San Antonio Police Department for duty side arms from the company's M&P Pistol Series. The San Antonio Police Department has selected the M&P40 as its new service firearm and has begun to convert officers to the new handgun platform. As one of the state's police forces with over 2,100 sworn officers, San Antonio joins the ranks of agencies that have converted to the Smith & Wesson M&P pistol. The full-department conversion calls for 2,600 M&P40 pistols chambered in 40 S&W to be delivered to the department. The recent order represents Smith & Wesson's contract to date to an agency in the state of Texas. The M&P40 pistol was selected by the San Antonio Police Department after an extensive testing and evaluation period, which included comparisons with numerous firearms from various competitors. After thoroughly examining each submission, the department chose the Smith & Wesson M&P pistol based on its high level of quality and dependability. Throughout the assessment process, the M&P pistol was commended for its professional-grade features and performance during live-fire exercises. In addition to supplying the department with new duty sidearms, Smith & Wesson will support the agency with a variety of additional services including armorers' classes and transitional training for officers. The M&P40 pistols supplied to the San Antonio Police Department include standard features such as customizable grip inserts, ambidextrous operating features and the ability to disassemble the firearm without pulling the trigger.

Smith & Wesson Holding Corporation (NasdaqGS:SWHC) is looking for acquisition opportunities. Smith & Wesson has filed a Shelf Registration to raise $250 million. Smith & Wesson intends to use the net proceeds for general corporate purposes, which may include the repayment of indebtedness outstanding from time to time and for working capital, capital expenditures, acquisitions, and repurchases of its common stock or other securities. Pending these uses, the net proceeds may also be temporarily invested in cash equivalents or short-term securities.

Smith & Wesson Holding Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended January 31, 2013. For the quarter, the company reported net sales of $136,242,000 against $98,125,000 a year ago. Operating income from continuing operations was $28,048,000 against $10,284,000 a year ago. Income from continuing operations before income taxes was $26,856,000 against $9,057,000 a year ago. Income from continuing operations was $17,506,000 against $5,393,000 a year ago. Net income was $14,576,000 against $4,438,000 a year ago. Diluted continuing operations were $0.26 against $0.08 a year ago. Non-GAAP adjusted EBITDAS from continuing operations for the third quarter increased to $33.3 million compared with $14.8 million for the third quarter last year. On adjusted basis, income from continuing operations before income taxes was $33,322,000 against $14,831,000 a year ago. Income from continuing operations was $33,322,000 against $14,731,000 a year ago. Adjusted net income/comprehensive income was $33,145,000 against $13,900,000 a year ago. Capital expenditures were $12.6 million. Operating cash flow was $33.0 million and free cash flow was $20.4 million. For the nine months, the company reported net sales of $408,797,000 against $282,154,000 a year ago. Operating income from continuing operations was $85,968,000 against $19,249,000 a year ago. Income from continuing operations before income taxes was $82,186,000 against $14,463,000 a year ago. Income from continuing operations was $52,776,000 against $8,618,000 a year ago. Net income was $53,547,000 against $3,638,000 a year ago. Diluted continuing operations were $0.79 against $0.13 a year ago. Net cash provided by operating activities was $46,764,000 against $7,778,000 a year ago. Fiscal year-to-date non-GAAP adjusted EBITDAS was $101.5 million compared with $37.2 million for the comparable prior year period. On adjusted basis, income from continuing operations before income taxes was $101,489,000 against $37,227,000 a year ago. Income from continuing operations was $101,489,000 against $37,227,000 a year ago. Adjusted net income/comprehensive income was $100,147,000 against $31,182,000 a year ago. Capital expenditures were $28.4 million against $10,067,000 a year ago. For the fourth quarter, the company estimates net sales of between $165 million and $170 million. The company had made a conscious and successful effort to focus on spending less in operating expenses overall and it expects OpEx in the fourth quarter will remain in this range. EPS for the quarter is estimated to be in the range of $0.38 to $0.40 as it expects a continued increase in gross margins. For the year Ended April 30, 2013, the company expects income from continuing operations to be in the range of $78.0 million and $79.5 million. Interest expense expected to be in range of $5,800,000 to $5,800,000. Depreciation and amortization to be in the range of $15,500,000 to $15,500,000. Income tax expense to be in the range of $43,900,000 to $44,700,000. Adjusted EBITDAS to be in the range of $148.4 million and $150.7 million. The company believes capital expenditures in fiscal 2013 will approximate $35 million to $40 million. The company now estimates net sales of between $575 million and $580 million, which would represent year-over-year growth from continuing operations of approximately 40.0% at the midpoint. And with its gross margins expected to exceed 37% for the full year and operating expenses expected to increased approach 22%, estimates diluted EPS for the year will be between $1.17 and $1.19.