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Jul 02, 2022
Sturm Ruger Q2 2022 Earnings Report
Net sales decreased due to subsided consumer demand for firearms, resulting in a 30% reduction in sales compared to the second quarter of 2021.
Key Takeaways
Sturm, Ruger & Company reported net sales of $140.7 million and diluted earnings of $1.17 per share for the second quarter of 2022, compared to net sales of $200.1 million and diluted earnings of $2.50 per share in the second quarter of 2021. Consumer demand for firearms has subsided from the unprecedented levels of the surge that began early in 2020.
Net sales for the second quarter of 2022 were $140.7 million, a 30% decrease compared to $200.1 million in the second quarter of 2021.
Diluted earnings per share for the second quarter of 2022 were $1.17, compared to $2.50 in the second quarter of 2021.
The Board of Directors declared a dividend of 47¢ per share for the second quarter, payable on August 31, 2022.
The company is expanding its Marlin product line with the reintroduction of the Marlin Model 1895 Trapper.
Forward Guidance
The company may make forward-looking statements and projections concerning future expectations, which are subject to risks and uncertainties.
Challenges Ahead
- Market demand
- Sales levels of firearms
- Anticipated castings sales and earnings
- The need for external financing for operations or capital expenditures
- The results of pending litigation against the Company
Historical Earnings Impact
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Avg. Return Before/After Earnings
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