M4arc
12-07-07, 08:51
As I was eyeballing S&W stock I went back and read their last quarterly statement. Here is just a snippet from the report but I think you'll enjoy hearing about how well the M&P is doing in the LE and Military circles:
Now, let me take a minute and talk to you about our accomplishments in the law enforcement channel, where our military and police line of tactical rifles and pistols continues to hit the mark.
Last year's second quarter results contained a particularly large order from the California Highway Patrol. Excluding that single order, law enforcement sales in the second quarter this year were up 28% on a year-over-year basis.
During the quarter, we continued to win sizable agencies, such as the New Mexico State Police, the Charlotte, North Carolina Police; and the Syracuse, New York Police Department. Among law enforcement agencies where the M&P is considered for selection, we're continuing the win T&Es at a win rate of over 80%.
This is happening because we have designed the M&P line of products specifically for law enforcement and military professionals. The number of law enforcement agencies that have purchased, or approved for carry, our M&P pistol has now grown to 264. We will continue to expand on our M&P line at the upcoming SHOT Show, and look forward to sharing some exciting new editions with you, then.
On the federal government front, we continue to closely monitor the landscape for signs of any RFP related to the military's stated desire to shift from a 9 millimeter pistol to a 40-caliber or a 45-caliber pistol, for added stopping power.
Recent information indicates that we will see a new RFI early in calendar 2008, followed by an RFP and evaluation process, later in 2008. We will continue to monitor this situation and respond accordingly, but as we have stated, we intend to vigorously compete for any federal government opportunity that may arrive.
One extremely bright spot in the quarter, was our performance on the international front, with sales growth of 122%. The international market is significant for several reasons; among them, the fact that most of our customers in this channel are military and law enforcement agencies.
In addition to extending the Smith & Wesson brand reach into foreign countries, our international sales results deliver ongoing growth into the professional ranks, a reflection of our overall growth strategy for the future.
We are seeing M&P test evaluations get completed, and business developing most recently in places like Mexico, Canada and Thailand. The M&P pistol is now carried on duty by over 5,000 law enforcement personnel, in 13 countries outside the United States.
Now, let me take a minute and talk to you about our accomplishments in the law enforcement channel, where our military and police line of tactical rifles and pistols continues to hit the mark.
Last year's second quarter results contained a particularly large order from the California Highway Patrol. Excluding that single order, law enforcement sales in the second quarter this year were up 28% on a year-over-year basis.
During the quarter, we continued to win sizable agencies, such as the New Mexico State Police, the Charlotte, North Carolina Police; and the Syracuse, New York Police Department. Among law enforcement agencies where the M&P is considered for selection, we're continuing the win T&Es at a win rate of over 80%.
This is happening because we have designed the M&P line of products specifically for law enforcement and military professionals. The number of law enforcement agencies that have purchased, or approved for carry, our M&P pistol has now grown to 264. We will continue to expand on our M&P line at the upcoming SHOT Show, and look forward to sharing some exciting new editions with you, then.
On the federal government front, we continue to closely monitor the landscape for signs of any RFP related to the military's stated desire to shift from a 9 millimeter pistol to a 40-caliber or a 45-caliber pistol, for added stopping power.
Recent information indicates that we will see a new RFI early in calendar 2008, followed by an RFP and evaluation process, later in 2008. We will continue to monitor this situation and respond accordingly, but as we have stated, we intend to vigorously compete for any federal government opportunity that may arrive.
One extremely bright spot in the quarter, was our performance on the international front, with sales growth of 122%. The international market is significant for several reasons; among them, the fact that most of our customers in this channel are military and law enforcement agencies.
In addition to extending the Smith & Wesson brand reach into foreign countries, our international sales results deliver ongoing growth into the professional ranks, a reflection of our overall growth strategy for the future.
We are seeing M&P test evaluations get completed, and business developing most recently in places like Mexico, Canada and Thailand. The M&P pistol is now carried on duty by over 5,000 law enforcement personnel, in 13 countries outside the United States.