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NAT’L – INDUSTRY INSIDER – Ruger Q1 2020 Results – Conservatively Run Companies Still Have Fun And Profits

On Wednesday, May 6th, Sturm, Ruger & Company (NYSE:RGR) reported its Q1 FY2020 earnings results. Despite trailing year-over-year figures in FY2019, the company was able to produce a meaningful increase in year-over-year revenue and a double-digit increase in earnings per share in the first quarter of FY2020. Was it just the COVID-19 virus response? Or is Ruger “bringing sexy back?” Let’s dive in! For the quarter, the company reported net sales of $123.6 million. This is up 8% from $114.04 million a year ago. The diluted earnings per share were $0.87, up from $0.74 a year earlier. Subsequently, the company declared a dividend of $0.35 per share payable on June 1st 2020 to shareholders on record as of May 18th, 2020. The company continued to grow its reserves and ended the quarter with a $188 million cash and short-term investments balance and no debt. This is up from $165 million in cash and short-term investments at the end of prior quarter. Without a doubt, the COVID-19 induced panic buying cleared gun store shelves and distributor inventories. As per the FBI NICS checks, there were over 2.28 million NICS checks related to firearms purchases, as adjusted by my methodology.  [full article]

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