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Sturm, Ruger & Company, Inc. reports developments tied to its U.S. firearms manufacturing business and related shareholder matters. The company designs, manufactures and sells rifles, pistols and revolvers for the commercial sporting market under the Ruger, Marlin and Glenfield brands, and also reports a castings segment that produces steel investment castings and metal injection molding parts.
Recurring news themes include quarterly operating results, product-line demand, new firearm introductions, dividends, executive finance leadership, annual-meeting activity and governance matters involving shareholder engagement. Company updates also reference its NYSE-listed common stock and common stock purchase rights.
Sturm, Ruger & Company, Inc. (NYSE-RGR) will release its fourth quarter and year-end 2020 financial results on February 17, 2021, post market close. The company will then host a webcast on February 18, 2021, at 9:00 a.m. ET to discuss the results. As a major firearms manufacturer, Sturm, Ruger produces nearly 800 variations across more than 40 product lines. The company emphasizes its commitment to corporate responsibility and quality firearms, having operated for over 70 years.
Sturm, Ruger & Company (NYSE-RGR) has successfully acquired substantially all Marlin Firearms assets for approximately $28.3 million, concluding on November 23, 2020. This acquisition, stemming from the Remington Outdoor Company bankruptcy, was sanctioned by the United States Bankruptcy Court on September 30, 2020. CEO Christopher J. Killoy expressed enthusiasm about integrating Marlin into Ruger's product line, highlighting the eagerness from the firearms community for the reintroduction of legendary Marlin rifles in late 2021.
Sturm, Ruger & Company (NYSE-RGR) reported strong financial results for Q3 2020, with net sales of $145.7 million and diluted earnings of $1.39 per share, up from $95.0 million and 27¢ per share in Q3 2019. For the nine months ending September 26, 2020, net sales reached $399.6 million, compared to $305.4 million the previous year. The company declared a dividend of 56¢ per share, reflecting approximately 40% of net income. Increased consumer demand for firearms drove a 50% rise in unit sell-through, while cash and short-term investments totaled $133.6 million.
Sturm, Ruger & Company (NYSE-RGR) will file its Quarterly Report on Form 10-Q on October 28, 2020, after market close. A webcast to discuss third quarter results is scheduled for October 29, 2020, at 9:00 a.m. ET, accessible via Ruger.com/corporate or by calling 855-871-7398 (participant code 7593918). The Form 10-Q will be available on SEC.gov and Ruger's website. The earnings release with financial statements will accompany the Form 10-Q. Investors are advised to review the complete filing for informed decision-making.
Sturm, Ruger & Company (NYSE-RGR) will release its third quarter 2020 financial results and file its Quarterly Report on Form 10-Q on October 28, 2020, post-market close. A webcast to discuss these results will be held on October 29, 2020, at 9:00 a.m. ET, accessible via Ruger.com/corporate or by phone at 855-871-7398 (participant code 7593918). Established over 70 years ago, Ruger is a major U.S. firearm manufacturer, known for producing reliable firearms and adhering to the motto, 'Arms Makers for Responsible Citizens®.'
Sturm, Ruger and Company (NYSE: RGR) has successfully acquired the Marlin Firearms assets for $30 million, following approval from the United States Bankruptcy Court. The purchase is funded through cash reserves and is anticipated to close in October. Ruger President Chris Killoy highlighted the strategic alignment of the Marlin brand with Ruger's offerings, emphasizing the continuation of Marlin's legacy. The transaction excludes other Remington brands and facilities. Following the acquisition, Marlin's assets will be relocated to Ruger's manufacturing sites.