Firearm Industry News Archives | Page 17 of 46

December 5, 2020December 5, 2020

B&T Provides the United States Air Force with APC9K PRO Models

From B&T

B&T, Inc. is proud to announce the United States Air Force has purchased B&T APC9K PRO platforms. These ultra-compact weapon systems are destined for specialized service and close personal protection use within the branch.

“B&T is honored to have our APC9K PRO selected by the United States Air Force. We’re pleased to know that specially trained Airmen will be equipped with the finest equipment available to not only ensure their personal safety during challenging assignments, but contribute to the overall success of their mission,” stated Jon Scott, Vice President of Sales, B&T USA.

The United States Air Force is the second branch of service to purchase APC9K PRO sub compact weapon systems after identifying an operational need for a highly concealable, sub machine gun. At less than 15-inches in length, the APC9K is optimized for low visibility carriage and discreet deployment; use in and around vehicles, and within confined spaces — all while delivering unsurpassed accuracy, controllability and ergonomics.

About the APC9K

The APC9K utilizes a hydraulic buffer system to drastically reduce felt recoil and muzzle riseand is the most compact version the APC9 PRO line. The platform features functional updates to include dual auto-folding, non-reciprocating and ambidextrous charging handles, improved lower receiver ergonomics that include a side positioned bolt hold open/release, removable M4 compatible grip, and Magpul M-Lok accessory slots located on the forend. Additionally, the APC9K can be equipped to accommodate Glock 9mm magazines, SIG P320 magazines or proprietary B&T magazines, by simply switching the non-serialized lower receiver group.

About B&T USA

B&T USA, a Florida-based subsidiary of the formerly known as B&T AG SWITZERLAND, which was founded in 1991 as a designer and manufacturer of the industry’s most advanced suppressors. Under the leadership of Karl Brügger, B&T has evolved into a world leader in the design, manufacture, and sale of the most technologically advanced, high performance weapons systems in the world. From the comprehensive APC (Advanced Police Carbine) line, recently adopted by the United States Army, to the new 9mm USW® (Universal Service Weapon) and USW conversion kits; B&T weapon systems are used globally by police, Special Forces, and elite military units. For more information on B&T USA, visit: www.bt-arms.com

December 5, 2020December 5, 2020

TrueTimber Announces Sponsorship for South Carolina Youth Shooting Foundation for 2020-2021 Season

From TrueTimber

TrueTimber has announced a silver level sponsorship for the South Carolina Youth Shooting Foundation (SCYSF) for the 2020-2021 Sporting Clay Tournament Series. The SCYSF season will consist of five events, beginning December 5 and ending April 24, 2021 with the State Championship at Back Woods Quail Club in Georgetown South Carolina.

The SCYSF was started by a group of clay shooting enthusiasts who were interested in creating an organization to enable youth shooters a better opportunity to enjoy the art of clay shooting. With over 850 youth members, the SCYSF has been able to influence many young shooters and instill countless valuable life skills. The SCYSF awarded over $69,000 in prizes and scholarships last year following the State Championship.

“We are really excited to announce this sponsorship and show our support for the SCYSF,” said TrueTimber CEO Rusty Sellars. “This is a great opportunity for us to give back to our home state and support the importance of getting youth involved in shooting sports. The SCYSF has the ability to not only instruct young shooters, but teach them valuable life lessons and support them into their young adult lives which is a really powerful model that we love to support.”

The mission of the South Carolina Youth Shooting Foundation is to support all youth shotgun sport shooting disciplines within the state of South Carolina. The focus is to provide a safe environment in which youth may participate in the sport or sporting clays. In addition, the SCYSF has a desire to instill life skills such as commitment, focus, respect, sportsmanship, teamwork and a positive work ethic so that our youth will become productive, contributing members of society.

To learn more about the entire TrueTimber product line and see all available patterns, visitTrueTimber.com.

December 5, 2020December 5, 2020

Hunting the Western States: A Good Rangefinder + Ballistic = Successful Hunt!

From Ballistic

Outdoors Solutions: Hunting and Fishing Destinations specializes in sending clients on hunting and fishing trips. One of the company’s most requested outings is a Western States hunt for elk, mule deer or pronghorn antelope.

“For a lot of people, it is the hunt of a lifetime,” says Greg Ray, Outdoor Solutions founder and co-owner. “We warn them; given the wide-open spaces you will be hunting, you need to be able to make a shot out to 400 yards at least.”

He soon discovers; most clients haven’t shot deer-sized game much past 100 yards, and the 400-yard requirement scares them.

And notice that Greg tells clients, “at least” 400 yards.

If you are plan that hunt of a lifetime in the huge expanses of the West, do yourself a big favor and buy a quality range finder. Use it repeatedly before your hunt, and use it in conjunction with Ballistic, the Number 1 long-distance shooting app.

Distances can be very deceiving. So, once you get used to your range finder’s controls, locate a piece of higher ground and start picking out various objects in the distance with your naked eye. That tree, for example, you guestimate at 300 yards and that building at 650 yards. Then, use your range finder to how far away they are.

But, if I spot game at a distance, you say, I’ll use my range finder.

You will-if you have time, and the above practice session will give you the hands-on experience is doing just that.

Game animals are very unpredictable. A mule deer can suddenly stand up out of the brush or an elk may wander into sight just before dropping into a ravine. You may have to shoot at a moment’s notice, literally, and having done your due diligence; you will be able to tell yourself, “That’s a 350-yard shot,” and know the correct holdover.

How do you know the correct holdover to compensate for bullet drop at various distances? The best way to learn is by using Ballistic. You zeroed at 100 yards, using your hunting ammunition, of course, and then Ballistic calculated your holdovers needed out to whatever distance you are comfortable shooting.

Good luck is well, good. However, with Ballistic, a quality range finger and lots of pre-hunt practice will make your Western hunt of a lifetime a truly great experience!

December 5, 2020December 5, 2020

Primary Arms Online Adds Apparel Products From 5.11 Tactical

From Primary Arms

Primary Arms Online now carries tactical apparel products from 5.11 Tactical. Now, customers can shop a wider selection of tops, pants, and outerwear along with a lineup of bags and packs to supplement a tactical lifestyle. To view all the newest products, please visit the 5.11 Tactical brand page on primaryarms.com.

5.11 Tactical apparel is renowned through the industry for its blend of high-quality materials through both overt and covert styles. Whether you’re shopping for professional attire, range garb, or a combat uniform, 5.11 Tactical carries everything you need to set up your wardrobe for the mission ahead. As one of the fastest growing apparel companies in America, 5.11 Tactical has earned the trust of many in the firearms community, and Primary Arms Online is excited to bring their products to a new storefront.

“We are thrilled to announce the addition of 5.11 Tactical to our growing apparel and accessories product line. Considered by many as the tactical titans of apparel, this California-based company is a favorite among FBI agents, servicemen, and public safety professionals,” says Beth Singletary, Primary Arms’ Merchandising Manager for Soft Lines. “As a 5.11 authorized dealer, we are building on our goal to provide superior tactical apparel for all of our customers – whether law enforcement, tactical operators or reactional enthusiasts.”

In addition to 5.11 Tactical, Primary Arms Online has expanded their apparel offering with other top brands to give their customers a true one-stop shop. The growth of American gun culture is continually reflected in its fashion, and with tactical apparel on the rise, Primary Arms is pleased to bring companies like 5.11 Tactical to a new audience.

December 5, 2020December 5, 2020

Benelli USA Makes Financial Contribution to NSSF for Industry Support

From Benelli USA

Benelli USA announces it will make a financial contribution of $50,000 to the National Shooting Sports Foundation (NSSF) to support their leadership and advocacy in protecting the firearm business and ensuring the industry’s future. Their mission to promote and preserve recreational shooting and hunting has been evident during the COVID-19 outbreak. The NSSF worked tirelessly to ensure the firearm industry was categorized as an essential business.

“The NSSF is one of the most important groups in the firearms and outdoor industry,” said Benelli USA General Manager Tom DeBolt. “It is critically important to not only praise their dedication but support them financially as well. We appreciate the leadership of Joe Bartozzi, Larry Keane and their team who continue to advocate for our industry and lead the NSSF organization during these challenging times.”

This contribution comes on the heels of the donation of $100,000 to NSSF’s #GUNVOTE Voter Education Campaign from Benelli USA this past September.

“In the coming year, our industry will face many new challenges, and the support of firearm industry leaders like Benelli USA will help us meet and overcome those challenges,” said Joe Bartozzi, NSSF president & CEO. “We can’t say thank you enough to Benelli for this generous contribution and for its outstanding leadership in ensuring a strong future for our industry.”

The NSSF is the trade association for the firearms industry and plays a critical role in supporting the shooting sports, gun rights and hunting. With more than 13,000 members, the group annually hosts the industry with SHOT Show to facilitate business and bring together members of the outdoor industry.

To learn more about the Benelli USA and Benelli USA products, please visit www.benelliusa.com.

December 5, 2020December 5, 2020

Smith & Wesson Brands Reports Record Quarterly Results

From Smith & Wesson

– Record Quarterly Revenue of $249 Million

– GAAP EPS of $0.87/Share, non-GAAP EPS of $0.93/Share

– $0.05 per Share Dividend

SPRINGFIELD, MA – Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced financial results for the second quarter of fiscal year2021, ended October 31, 2020. On August 24, 2020, the company completed the previously announced spin-off of its outdoor products and accessories business. Therefore, beginning with this quarter, all historical financial information for that business is reported as discontinued operations. Unless otherwise indicated, any reference to income statement items refers to results from continuing operations.

Second Quarter Fiscal 2021 Consolidated Financial Highlights

Quarterly net sales were $248.7 million compared with $113.7 million for the comparable quarter last year, an increase of 118.7%.
Gross margin for the quarter was 40.6% compared with 28.4% for the comparable quarter last year.
Quarterly GAAP income was $49.1 million, or $0.87 per diluted share, compared with $343,000, or $0.01 per diluted share, for the comparable quarter last year.
Quarterly non-GAAP income was $52.8 million, or $0.93 per diluted share, compared with $472,000, or $0.01 per diluted share, for the comparable quarter last year. GAAP to non-GAAP adjustments for income exclude costs related to the spin-off of the outdoor products and accessories business, COVID-19 related expenses, and other costs. For a detailed reconciliation, see the schedules that follow in this release.
Quarterly non-GAAP Adjusted EBITDAS was $78.9 million, or 31.7% of net sales, compared with $13.4 million, or 11.8% of net sales, for the comparable quarter last year.

Mark Smith, President and Chief Executive Officer, commented, “Today, I am pleased to report a second consecutive record-breaking quarter for our 168 year old company. These results are a testament to Smith & Wesson’s devoted team of employees, and their ability to deliver strong performance in the face of any challenge. Because of the hard work of our employees, who have been diligently following our safety protocols, we have been able to continue safely operating our business and, during these extremely difficult times when so many of our fellow Americans are out of work, we successfully created and filled 287 new jobs during our second quarter. Along with our existing employees, our new team members played a critical role in achieving these record-breaking numbers.”

Deana McPherson, Executive Vice President and Chief Financial Officer, commented, “Smith & Wesson’s record-breakingfinancial performance enabled us to generate $49.1 million in net income, seed the outdoor products and accessories business with $25 million of cash at the spin date, repay the final $25 million on our revolving loan, and left us with $55.5 million of cash on hand, and zero bank debt, significantly sooner than our prior internal targets. Additionally, our Board again authorized a $0.05 per share dividend to shareholders of record as of December 17, 2020, with payment to be made on January 5, 2021.”

Reconciliation of U.S. GAAP to Non-GAAP Financial Measures

In this press release, certain non-GAAP financial measures, including “non-GAAP net income,” “Adjusted EBITDAS,” and “free cash flow” are presented. From time-to-time, the company considers and uses these supplemental measures of operating performance in order to provide the reader with an improved understanding of underlying performance trends. The company believes it is useful for itself and the reader to review, as applicable, both (1) GAAP measures that include (i) amortization of acquired intangible assets, (ii) transition costs, (iii) the tax effect of non-GAAP adjustments, (iv) COVID-19 expenses, (v) net cash used in investing activities, (vi) interest expense, (vii) income tax expense, (viii) depreciation and amortization, and (ix) stock-based compensation expenses; and (2) the non-GAAP measures that exclude such information. The company presents these non-GAAP measures because it considers them an important supplemental measure of its performance. The company’s definition of these adjusted financial measures may differ from similarly named measures used by others. The company believes these measures facilitate operating performance comparisons from period to period by eliminating potential differences caused by the existence and timing of certain expense items that would not otherwise be apparent on a GAAP basis. These non-GAAP measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for the company’s GAAP measures. The principal limitations of these measures are that they do not reflect the company’s actual expenses and may thus have the effect of inflating its financial measures on a GAAP basis.

About Smith & Wesson Brands, Inc.

Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI) is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality handgun, long gun, and suppressor products to the global consumer and professional markets under the iconic Smith & Wesson®, M&P®, Thompson/Center Arms™, and Gemtech® brands. The company also provides manufacturing services including forging, machining, and precision plastic injection molding services. For more information call (844) 363-5386 or visit www.smith-wesson.com.

December 3, 2020December 3, 2020

Riton Optics Sponsors Shoot for $1 Million Sweepstakes

From Riton Optics

Riton Optics is proud to be a sponsor of Athlon Outdoors Shoot for $1 Million Sweepstakes. From now until January 31st, eligible participants can enter to win a Riton Optics package that includes some of Riton’s most popular products, $80,000 in additional prizes or the $1 million grand prize.

The Riton Optics prize pack includes the X5 Conquer 5-25×50 MRAD, which features a 34mm tube, First Focal Plane (FFP) reticle, integrated throw lever, and advanced Riton R5 Zero Stop turrets. The package also contains the X1 Tactix ARD, an ultra-precise red dot comes with a lower 1/3 co-witness QD mount and a flush mount for the perfect mounting height no matter the platform. The final item is the X5 Primal 10×42 Binoculars. These Riton binoculars are built with a lightweight magnesium alloy frame that can handle the most rugged applications.

Regarding the sweepstakes, Director of Marketing for Riton Optics, Calley Carpenter said, “Athlon Outdoors is a valued partner of ours, and we are excited to be a part of something that is reaching beyond the norm to find new ways to engage consumers in a fun and exciting way.”

For information on Riton Optics’ participation in the “Shoot for a $1Million” giveaway, visit https://www.ballisticmag.com/shoot-for-one-million/. You can sign up there to win a million dollars worth of prizes and cash, including a Riton Optics X5 Conquer 5-25×50 MRAD, X1 Tactix ARD and a X5 Primal 10×42 Binoculars. Submit your entry by 11:59 PM ET on January 31, 2021.

December 3, 2020December 3, 2020

USCCA Announces Partnership With DAV

From USCCA

The U.S. Concealed Carry Association (USCCA) is proud to announce a new partnership with DAV (Disabled American Veterans), a nonprofit organization that provides a lifetime of support for veterans and their families. The USCCA – which is the largest and fastest growing organization focused on providing self-defense education, training and legal protection to more than half a million responsible American gun owners – is launching a long-term fundraising effort for DAV through its website where customers can add a donation in their cart when purchasing merchandise through the online store.

The USCCA proudly employs veterans at twice the national average with a number of recently deployed veterans, retired military members and reservists currently working as USCCA team members.

“On behalf of myself and the entire USCCA community, we are proud to offer our thanks and support to our nation’s veterans and their families who have sacrificed so much to protect the rights and liberties of all Americans. Our mission to uphold the freedoms granted to us through the Second Amendment would not be possible without the brave men and women who put their lives on the line and often return home with a long road ahead to recover both mentally and physically from their service. We are excited for this partnership with DAV so we can recognize those who served in our nation’s Armed Forces and sacrificed so much for our national defense.” said USCCA President and Founder Tim Schmidt.

“DAV is proud to partner with the USCCA to empower veterans to improve their quality of life while honoring their immense sacrifices,” said DAV National Adjutant and CEO Marc Burgess. “With the help of the USCCA, millions of veterans across the nation will benefit from having increased access to our services, which is only made possible through the donations of thankful citizens.”

For more information on how to donate through the USCCA’s website, click here. To get self-defense education and training offered through the USCCA, visit the website here.

December 3, 2020December 3, 2020

SSSF Donates Over $450K To Youth Teams

From SSSF

The Scholastic Shooting Sports Foundation (SSSF) recently donated $451,258.50 to Team Endowment Accounts at the MidwayUSA Foundation, providing assistance for youth shooting sports expenses. Teams earned funds by raising money through the SSSF’s Reload For 2021 campaign and the SSSF Member Matching Program. Teams purchasing ATA and or NSSA/NSCA memberships through the SCTP also had deposits made to their accounts.

So far, this year’s donations have benefited 339 teams participating in the Scholastic Action Shooting Program (SASP) and Scholastic Clay Target Program (SCTP), participating throughout 37 different states. The growth of youth shooting sports is apparent, as the number of benefiting teams has increased nearly four-fold since 2018. To date, the SSSF has donated over $6.9 million to SCTP and SASP team endowment accounts at the MidwayUSA Foundation.

The Team Endowment Program at the MidwayUSA Foundation gives a community the ability to financially support a competitive youth shooting sports program or financially assist in the start-up of a new youth shooting sports program. The team can then request a grant of up to 5% of their endowment account balance once each year, in either December or June, to pay for team expenses. For more information about how the MidwayUSA Foundation is changing the future of youth shooting sports, please visit midwayusafoundation.org.