Deana McPherson
Executive VP, CFO, Treasurer & Assistant Secretary at Smith & Wesson Brands
Turning to cash flows. During the quarter, we generated $40,800,000 in cash from operations and spent $7,300,000 on capital projects, resulting in net free cash of $33,500,000 We paid $5,700,000 in dividends, repaid $30,000,000 on our revolving line of credit and ended the quarter with $25,200,000 in cash and $80,000,000 in borrowings on our line. At the end of fiscal twenty twenty five, we had $92,300,000 of loan availability. During our full fiscal year, we used $7,200,000 in cash from operations and spent $21,600,000 on capital projects, resulting in net free cash used of $28,800,000 The net cash usage was due primarily to a $29,300,000 increase in inventory due to the softening of the market during the first half of our fiscal year. Our Board has authorized our normal quarterly dividend of $0.13 to be paid to stockholders of record on July 7 with payment to be made on July 21.