earnings
confidence high
sentiment negative
materiality 0.70
Sturm Ruger Q3 diluted EPS 42¢ vs $1.03 YoY; sales fell 13% to $120.9M
STURM RUGER & CO INC
2023-Q3 EPS reported
$2.13
revenue$413,150,000
- Q3 diluted EPS 42¢ vs $1.03 YoY; net sales $120.9M down 13.3% from $139.4M.
- Gross margin fell to 20% from 28% due to lower production, promotions, cost increases.
- Dividend of 17¢ per share declared, payable Nov 29 to holders of record Nov 15 (approx 40% of net income).
- Nine-month sales $413.2M, EPS $2.13 vs $446.6M and $3.90 in prior year.
- $120M cash, no debt, current ratio 4.5; returned $107.8M to shareholders YTD.