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Shooting Industry August 2012 Digital Edition - Page 8
Industry Industrynews onsumers are determined to defy the traditional summer slump when it comes to purchasing firearms. For the 25th straight month, the National Instant Criminal Background Check System (NICS) reports an increase in checks compared to the same month during the past two years. In June, NICS conducted 846,437 background checks (NSSF-adjusted), reflecting an increase of 24.5 percent over June 2011, which also was a record-setting month. The number of background checks in June is also the highest for that month in NICS’ history. NSSF adjusts NICS data by subtracting out NICS purpose code permit checks used by several states for CCW permit applications, and checking active CCW permit databases. While the number of background checks does not reflect the exact number of firearms sold, it is the most upto-date indicator of consumer activity and marketplace conditions. In financial news, Smith & Wesson Holding Corp. reports its 2012 fourthquarter sales were up 28 percent compared to the same period last year. For the corporation’s full 2012 fiscal year, sales were up 20 percent compared to the previous fiscal year. Bundle Products — pg. 24 Consumers Defy Traditional Summer Slump C Smith & Wesson reports that the fourth-quarter increase was driven by strong sales of M&P pistols and M&P modern sporting rifles. “Our objective in fiscal 2012 was to streamline the company, and focus on our position as a leading, pure-play firearm company,” said James Debney, S&W Holding president and CEO. For more information, visit www. smith-wesson.com. For more information, visit www. sportsinc.com. In the continuing battle to protect traditional ammunition, NSSF filed a motion in June to intervene in the lawsuit brought by the Center for Biological Diversity (CBD) and six other organizations to force the Environmental Protection Agency (EPA) to ban traditional ammunition containing lead components. By intervening in the case, NSSF says it seeks to ensure the interests of the firearms and ammunition industry are protected, and to ensure hunters and target shooters still will be able to select the ammunition of their choice. “A ban on traditional ammunition would have devastating consequences for our industry, hunters, target shooters and all firearm owners, and wildlife conservation funding,” said Lawrence G. Keane, NSSF senior vice president and general counsel. The EPA has twice denied petitions filed by CBD to ban traditional ammunition, noting correctly that it does not have the legal authority to regulate traditional ammunition under the Toxic Substances Control Act (TSCA). For more information on traditional ammunition, visit www.nssf.org/factsheets. Traditional Ammunition The number of background checks in June is also the highest for that month in NICS’ history. At Sports Inc., the board of directors approved $525,797 in additional rebates to its members in April. The Patronage Rebate checks closed out the 2011 fiscal year in which Sports Inc. paid over $21 million in rebates to its members. “There were many factors that contributed to Sports Inc.’s record year in 2011,” said Todd Adams, Sports Inc. CEO. “First and foremost was that our membership is comprised of some of the best independent business owners in the country. The amount of money Sports Inc. was able to put back into the members’ pockets this year is indicative of both their strong businesses and their support of Sports Inc.” Financial Postings Carl Walther Forms Walther Arms rnsberg, Germany-based PW Group, owners of shooting sports companies Carl Walther GmbH Sportwaffen and Umarex, announce the formation of Walther Arms Inc. to handle all the importation, sales, marketing, distribution and servicing of Walther products in the United States. Previously, Smith & Wesson held responsibility for the distribution of Walther firearms and accessories in the United States. On Jan. 1, 2013, that responsibility will be handled by the newly formed company, with the exception of the Walther P22 and PK380 models, which Smith & Wesson will continue to sell and distribute through April 30, 2013. Smith & Wesson also will continue to manufacture the PPK for Walther Arms Inc., and Carl Walther will continue to manu- A facture the M&P22 handgun for S&W. Additionally, Umarex will continue to license the Smith & Wesson brand for airgun products. “We are extremely thankful for the relationship we have had and will continue to have with the quality organization of Smith & Wesson,” said Wulf-Heinz Pflaumer, president of PW Group. “We are excited about the formation of our new company, Walther Arms Inc. It will allow us to intensify our focus on the U.S. firearms market.” Walther Arms Inc. will begin operations by sharing a corporate campus in Fort Smith, Ark., with Umarex USA. Adam J. Blalock has been named president and CEO of Walther Arms Inc., and will also remain as president and CEO of Umarex USA. For more information, visit www.carl-walther.de. Subscribe to SI Digital: 8 AUGUST 2012 www.shootingindustry.com. Subscribe to SI DIGITAL It’s Free! www.shootingindustry.com