Sturm Ruger Stock Price, News & Analysis

Sturm, Ruger & Company declared a $5.00 special dividend per share for shareholders of record by December 15, 2022, payable on January 5, 2023. CEO Christopher J. Killoy highlighted strong operational performance, maintaining a cash balance of $220 million. Over the last decade, the company returned over $590 million to shareholders through dividends and buybacks, while investing over $300 million in capital expenditures. With remaining cash of $130 million, Ruger aims to continue investing in innovation and maintain shareholder value.

Sturm, Ruger & Company, NYSE-RGR, reported third-quarter 2022 net sales of $139.4 million, down 22% from $178.2 million in 2021. Diluted earnings fell to $1.03 per share from $1.98. Year-to-date, sales are $446.6 million compared to $562.7 million in 2021. The company declared a $0.41 dividend, approximately 40% of net income. Inflation and declining demand led to a 29% decrease in estimated unit sell-through. Despite challenges, Ruger maintains a strong balance sheet with $215.2 million in cash and no debt.

Sturm, Ruger & Company (NYSE:RGR) plans to file its Quarterly Report on Form 10-Q on November 2, 2022, after the stock market closes. A webcast discussing the third quarter operating results will take place on November 3, 2022, at 9:00 a.m. ET. Investors are encouraged to access the Form 10-Q and accompanying earnings release through the SEC and Ruger websites. The company emphasizes the importance of reviewing these documents for informed investment decisions, while also highlighting its legacy as a leading firearms manufacturer.

Sturm, Ruger & Company, Inc. (NYSE:RGR) will announce its financial results for the third quarter 2022 on November 2, 2022, after market close. Following this, a webcast is scheduled for November 3, 2022 at 9:00 a.m. ET to discuss the operating results. The company is known for manufacturing reliable firearms and offers nearly 800 variations across more than 40 product lines. Sturm, Ruger emphasizes its commitment to quality and community responsibility under its motto, “Arms Makers for Responsible Citizens.”

Sturm, Ruger & Company (NYSE-RGR) reported second-quarter 2022 net sales of $140.7 million and diluted earnings of $1.17 per share, down from $200.1 million and $2.50 per share in Q2 2021. For the first half of 2022, sales totaled $307.2 million with $2.87 earnings per share, compared to $384.4 million and $4.66 in 2021. The company declared a $0.47 per share dividend, indicating approximately 40% of net income. CEO Christopher Killoy noted a 30% decline in sales due to reduced consumer demand and mentioned ongoing inventory adjustments.

Sturm, Ruger & Company, Inc. (NYSE:RGR) is set to file its Quarterly Report on Form 10-Q on August 3, 2022. Following this, the company will host a webcast on August 4, 2022, at 9:00 a.m. ET, to discuss second quarter operating results. The Form 10-Q and related earnings release will be available on both the SEC and Ruger websites after the filing. Investors are encouraged to review the complete Form 10-Q for informed investment decisions.

Sturm, Ruger & Company (NYSE:RGR) is set to announce its financial results for the second quarter of 2022 on August 3, 2022, after market close. A webcast discussing these results is scheduled for August 4, 2022, at 9:00 a.m. ET. As a leading firearm manufacturer, Sturm, Ruger emphasizes its commitment to producing reliable firearms for the commercial sporting market, with nearly 800 variations across 40 product lines. The company is cautious about future expectations due to potential market fluctuations and legislative impacts.

Sturm, Ruger & Company (NYSE: RGR) reported first-quarter 2022 net sales of $166.6 million and diluted earnings of $1.70 per share, down from $184.4 million and $2.16 per share year-over-year. The Board declared a dividend of 68¢ per share, equating to approximately 40% of net income. CEO Christopher Killoy noted a 10% sales reduction due to decreased consumer demand for firearms, as indicated by a 21% decrease in unit sell-through and a 23% decline in background checks. Gross margin fell to 34.9% due to inflationary pressures, while cash and short-term investments are at $211.6 million.

Sturm, Ruger & Company will file its Quarterly Report on Form 10-Q on May 4, 2022, after market hours. A webcast to discuss first-quarter results is scheduled for May 5, 2022, at 9:00 a.m. ET, accessible via Ruger.com/corporate or by calling 855-871-7398 (participant code 1188423).

The Form 10-Q and earnings release will be available on the SEC.gov and Ruger.com/corporate. An Annual Meeting of Shareholders will occur virtually on June 1, 2022, at 9 a.m. ET.