Sturm, Ruger & Company, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 01, 2023
August 02, 2023 at 05:01 pm EDT
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Sturm, Ruger & Company, Inc. reported earnings results for the second quarter and six months ended July 01, 2023. For the second quarter, the company reported revenue was USD 142.8 million compared to USD 140.65 million a year ago. Net income was USD 16.19 million compared to USD 20.76 million a year ago. Basic earnings per share from continuing operations was USD 0.91 compared to USD 1.18 a year ago. Diluted earnings per share from continuing operations was USD 0.91 compared to USD 1.17 a year ago.
For the six months, revenue was USD 292.26 million compared to USD 307.23 million a year ago. Net income was USD 30.54 million compared to USD 50.99 million a year ago. Basic earnings per share from continuing operations was USD 1.73 compared to USD 2.89 a year ago. Diluted earnings per share from continuing operations was USD 1.72 compared to USD 2.87 a year ago.
Sturm, Ruger & Company, Inc. is principally engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a number of federally-licensed, independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding parts. The Company primarily manufactures firearm products, under the Ruger name and trademark. It also manufactures and sells accessories and replacement parts for its firearms. In addition, the Company manufactures lever-action rifles under the Marlin name and trademark. Its firearms products are sold through a select number of independent wholesale distributors, principally to the commercial sporting market. Its design and manufacturing operations are located in the United States.
STURM, RUGER & COMPANY, INC. 
