Welcome to our dedicated page for Sturm Ruger news (Ticker: RGR), a resource for investors and traders seeking the latest updates and insights on Sturm Ruger stock.
Sturm Ruger & Company (RGR) maintains its position as a leading American manufacturer of rugged firearms and precision castings. This news hub provides investors and industry observers with direct access to official corporate announcements, financial disclosures, and operational developments.
Track critical updates including quarterly earnings reports, new product launches, and manufacturing innovations from the company known for domestic production excellence. The curated collection serves as a reliable resource for understanding RGR's market position, operational milestones, and commitment to quality craftsmanship.
Content spans regulatory filings, leadership updates, and production capacity changes relevant to the firearms industry. Users will find timely information on RGR's dual business segments - commercial firearms and industrial castings - with transparent reporting on corporate initiatives.
Bookmark this page for streamlined access to Sturm Ruger's verified communications, essential for monitoring this established manufacturer's performance in the evolving sporting goods sector.
Sturm, Ruger & Company (NYSE:RGR) is set to announce its first quarter 2023 financial results and will file its Quarterly Report on Form 10-Q on May 3, 2023. Following this, a webcast will be held on May 4, 2023, at 9:00 a.m. ET to discuss the results.
Ruger, a leading manufacturer of firearms, has a diverse product portfolio boasting almost 800 variations across more than 40 product lines. The company emphasizes its commitment to quality and corporate responsibility.
Investors should be mindful that the company makes forward-looking statements based on current expectations, which are subject to risks such as market demand and potential legislative impacts.
Sturm, Ruger & Company reported a net sales decline to $595.8 million for 2022, down from $730.7 million in 2021, with diluted earnings per share at $4.96 compared to $8.78 the previous year. Q4 sales were $149.2 million, with earnings of $1.06 per share. The company declared a 42¢ dividend for Q4 2022, approximately 40% of net income. CEO Christopher Killoy stated that consumer demand fell due to inflation, resulting in an 18% sales drop. Despite challenges, the company noted strong cash flow and a debt-free status, with capital expenditures of $27.7 million and a cash balance of $224.3 million.
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