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Sep 28, 2024
Sturm Ruger Q3 2024 Earnings Report
Net sales and diluted earnings were announced for the third quarter of 2024.
Key Takeaways
Sturm, Ruger & Company reported net sales of $122.3 million and diluted earnings of 28¢ per share for the third quarter of 2024. The company's product diversity and focus on innovation have contributed to its performance.
Net sales for Q3 2024 were $122.3 million, compared to $120.9 million in Q3 2023.
Diluted earnings per share for Q3 2024 were 28¢, compared to 42¢ in Q3 2023.
The company declared a dividend of 11¢ per share for the third quarter.
The estimated sell-through of products from independent distributors to retailers increased.
Forward Guidance
The company is well-positioned to increase production entering the traditionally stronger fall and winter selling seasons, allowing them to capitalize on the pent-up demand for their more sought-after products. An exciting new product launch can be expected in the coming months.
Positive Outlook
- Strong demand for Ruger American Rifle Generation II, Marlin lever-action rifles, and Security-380 pistol.
- Estimated sell-through of products from independent distributors to retailers increased.
- Finished goods inventory and distributors’ inventories have decreased 125,000 units in the past year.
- Well-positioned to increase production entering the traditionally stronger fall and winter selling seasons.
- Exciting new product launch expected in the coming months.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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