Sturm, Ruger Q1 EPS falls to $0.81 from $1.70; sales down 10% YoY

STURM RUGER & CO INC

2023-Q1 EPS reported $0.81 revenue$149,453,000

Net sales $149.5M vs $166.6M YoY; diluted EPS $0.81 vs $1.70.
Gross margin declined to 26% from 35% due to deleveraging, inflation, product mix shift.
Quarterly dividend $0.32/share declared, payable May 31; plus $5.00 special dividend paid in Q1.
Cash & short-term investments $130M, no debt; book value $18.19/share.
New product sales $30M (21% of firearm sales); lower consumer demand cited.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STURM RUGER & CO INC reported first quarter of 2023 results: revenue $149.5 million, EPS 81¢ per share.

Period: first quarter of 2023
Revenue: $149.5 million
EPS: 81¢ per share
Result: reported results

Exact text from the filing

Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that for the first quarter of 2023, net sales were $149.5 million and diluted earnings were 81¢ per share.

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Source: SEC EDGAR

accession 0001174947-23-000708

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