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Jun 27, 2020
Sturm Ruger Q2 2020 Earnings Report
Reported diluted earnings of $1.05 per share and net sales of $130.3 million.
Key Takeaways
Sturm, Ruger & Company reported a strong second quarter with net sales reaching $130.3 million and diluted earnings per share of $1.05, driven by increased consumer demand.
Net sales for the second quarter of 2020 were $130.3 million, compared to $96.3 million in the second quarter of 2019.
Diluted earnings per share for the second quarter of 2020 were $1.05, compared to $0.35 in the second quarter of 2019.
Consumer demand surged due to concerns about personal protection and civil unrest.
The company's financial strength is evidenced by its debt-free balance sheet.
Forward Guidance
The COVID-19 pandemic continues to cast uncertainty throughout the global economy. The future impact of COVID-19 remains unknown.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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