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Sep 26, 2020
Sturm Ruger Q3 2020 Earnings Report
Reported strong financial results due to consumer demand and concerns about personal protection.
Key Takeaways
Sturm, Ruger & Company reported net sales of $145.7 million and diluted earnings of $1.39 per share for the third quarter of 2020, compared to net sales of $95.0 million and diluted earnings of $0.27 per share in the third quarter of 2019. Consumer demand remained high due to concerns about personal protection and home defense.
Net sales for the third quarter of 2020 were $145.7 million, compared to $95.0 million in the third quarter of 2019.
Diluted earnings per share for the third quarter of 2020 were $1.39, compared to $0.27 in the third quarter of 2019.
The company's Board of Directors declared a dividend of 56¢ per share for the third quarter.
Production increased 15% from the prior quarter and 50% from the third quarter of 2019.
Forward Guidance
The company anticipates closing on the purchase of Marlin firearms assets in the fourth quarter of 2020 and looks forward to re-introducing shooters to Marlin rifles in the second half of 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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