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Dec 31, 2019
Sturm Ruger Q4 2019 Earnings Report
Reported net sales and diluted earnings for Q4 2019.
Key Takeaways
Sturm, Ruger & Company reported net sales of $105.1 million and diluted earnings of $0.46 per share for the fourth quarter of 2019, compared to $121.1 million and $0.69 per share respectively for the corresponding period in 2018.
Net sales for Q4 2019 were $105.1 million.
Diluted earnings for Q4 2019 were $0.46 per share.
The Ruger-57 pistol launched in December received positive reception.
The company launched the LCP II in .22 LR pistol, which is experiencing strong demand.
Forward Guidance
The company is well-positioned heading into 2020 with new product launches and a strong financial position.
Positive Outlook
- Ruger-57 pistol received an overwhelming reception.
- LCP II in .22 LR is enjoying strong demand.
- The company plans to introduce additional new and innovative firearms in 2020.
- Financial strength evidenced by $165 million of cash and short-term investments.
- The company is in a unique position to weather a storm or thrive in a recovering market.
Challenges Ahead
- Manufacturing overcapacity in the firearms industry.
- Excess inventories at all levels of the channel.
- Continued softness of demand in the firearms industry.
- Marketplace saddled with undisciplined discounting.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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