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Oct 02, 2021
Sturm Ruger Q3 2021 Earnings Report
Sturm Ruger reported diluted earnings of $1.98 per share for the third quarter of 2021.
Key Takeaways
Sturm, Ruger & Company reported net sales of $178.2 million and diluted earnings of $1.98 per share for the third quarter of 2021, compared to net sales of $145.7 million and diluted earnings of $1.39 per share in the third quarter of 2020.
Net sales for the third quarter of 2021 were $178.2 million.
Diluted earnings per share for the third quarter of 2021 were $1.98.
The company increased production by 22% from last year despite a one-week shutdown in July.
Finished goods inventories remain near historic lows.
Forward Guidance
Sturm Ruger is working on new product initiatives, including the return of Marlin lever action rifles, which they plan to begin shipping later in the fourth quarter. They are in a great position as they head into the fourth quarter, which has traditionally been a period of strong demand.
Positive Outlook
- Increase production by 22% from last year.
- Working hard on some exciting new product initiatives, including the return of Marlin lever action rifles.
- Replenish the distributor and retail inventories.
- Fourth quarter has traditionally been a period of strong demand.
- Finished goods inventories remain near historic lows.
Challenges Ahead
- Moderation of overall demand as reflected in the last two quarters of adjusted NICS.
- Market demand
- Sales levels of firearms
- The need for external financing for operations or capital expenditures
Historical Earnings Impact
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Avg. Return Before/After Earnings
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