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Jun 29, 2024
Sturm Ruger Q2 2024 Earnings Report
Net sales and diluted earnings decreased compared to the corresponding period in 2023, while production increased from the previous quarter due to reorganization and efficiency improvements.
Key Takeaways
Sturm, Ruger & Company reported a decrease in net sales and diluted earnings for the second quarter of 2024 compared to the same period in 2023. Despite the decline in overall firearms market demand, the estimated sell-through of Ruger's products increased, driven by demand for new products. The company's reorganization efforts led to an increase in production compared to the first quarter.
Net sales for the second quarter of 2024 were $130.8 million, compared to $142.8 million for the same period in 2023.
Diluted earnings per share for the second quarter of 2024 were 47¢, compared to 91¢ for the corresponding period in 2023.
The Board of Directors declared a dividend of 19¢ per share for the second quarter.
Second quarter production increased 18% from the first quarter due to reorganization and efficiency improvements.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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