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Expand chart
Data: Factset; Chart: Axios Visuals

The former Smith & Wesson has seen its stock fall badly this year, but got a reprieve on Wednesday after it released its fiscal year 2019 earnings report.

What happened: The company didn't deliver great numbers, but they weren't as bad as feared, which made the stock's 25% decline so far this year look a bit overdone.

  • AOBC closed fiscal 2019 with a net income of $18.4 million, or 33 cents per share, down from $20.1 million net income, or 37 cents a share, reported in fiscal 2018.

What they're saying: "Fiscal 2019 was a year that presented challenges for the firearms industry, including changes in the political environment and reduced consumer demand for firearms and for the accessories that are attached to them," said James Debney, AOBC's president and CEO.

The big picture: AOBC's stock has had a hard time since President Barack Obama left office, data provided to MarketWatch's Paul Brandus from the National Shooting Sports Foundation shows. Between 2008 and 2017:

  • Gun industry jobs grew 87% — but just 1.3% in 2017, Obama's first full year out of office.
  • Wages grew 142% — but have grown just one-third of one-percent since.

The bottom line: The "total economic impact" of the gun industry grew 169% — but has grown just 1.4% since.

Go deeper: How Corporate America is silencing the gun industry

Go deeper

It's harder to fill the Cabinet

Data: Chamberlain, 2020, "United States of America Cabinet Appointments Dataset" Chart: Will Chase/Axios

It's harder now for presidents to win Senate confirmation for their Cabinet picks, an Axios data analysis of votes for and against nominees found.

Why it matters: It's not just Neera Tanden. The trend is a product of growing polarization, rougher political discourse and slimming Senate majorities, experts say. It means some of the nation's most vital federal agencies go without a leader and the legislative authority that comes with one.

Exclusive: Hundreds of kids held in Border Patrol stations

Migrants cross the Rio Bravo to get to El Paso, Texas. Photo: Herika Martinez/AFP via Getty Images

More than 700 children who crossed from Mexico into the United States without their parents were in Border Patrol custody as of Sunday, according to an internal Customs and Border Protection document obtained by Axios.

Why it matters: The current backup is yet another sign of a brewing crisis for President Biden — and a worsening dilemma for these vulnerable children. Biden is finding it's easier to talk about preventing warehousing kids at the southern border than solving the problem.

Pompeo plots 2024 power play

Mike Pompeo in Washington on Feb. 12. Photo: Samuel Corum/Getty Images

Mike Pompeo has quickly reentered the political fray, raising money for Republicans, addressing key political gatherings and joining an advocacy group run by Donald Trump's former lawyer.

Why it matters: The former secretary of state is widely considered a potential 2024 presidential contender. His professional moves this week indicate he's working to keep his name in the headlines and bolster a political brand built largely on foreign policies easily contrasted with the Biden White House.