Smith & Wesson Holding Corporation reported unaudited earnings results for the second quarter and six months ended October 31, 2015. For the quarter, the company reported GAAP operating income of $21.782 million compared to $10.774 million a year ago. Non-GAAP operating income was $24.532 million compared to $11.057 million a year ago. GAAP net income was $12.466 million or $0.22 per diluted share compared to $5.050 million or $0.09 per diluted share a year ago. Non-GAAP net income was $14.195 million or $0.25 per diluted share compared to $5.228 million or $0.10 per diluted share a year ago. Non-GAAP adjusted EBITDAS was $33.398 million compared to $18.814 million a year ago. Net cash provided by operating activities was $6.136 million compared to net cash used in operating activities was of $14.208 million a year ago.

For six months, the company reported GAAP operating income of $51.6 million compared to $36.449 million a year ago. Non-GAAP operating income was $59.463 million compared to $37.263 million a year ago. GAAP net income was $26.878 million or $0.48 per diluted share compared to $19.606 million or $0.35 per diluted share a year ago. Non-GAAP net income was $31.822 million or $0.57 per diluted share compared to $20.198 million or $0.36 per diluted share a year ago. Net cash provided by operating activities was $22.761 million compared to net cash used in operating activities was of $3.428 million a year ago.

The company provided earnings guidance for the third quarter and full year of fiscal 2016. For the quarter, the company expects revenue in the range of $175 million to $180 million, GAAP earnings per share in the range of $0.36 to $0.38 and non-GAAP earnings per share in the range of $0.39 to $0.41.

For the year, the company expects revenue in the range of $650 million to $660 million, GAAP earnings per share in the range of $1.21 to $1.26 and non-GAAP earnings per share in the range of $1.36 to $1.41. The company expects tax rate of 37%.