---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-24-000688"
form_type: "8-K"
ticker: "RGR"
cik: "0000095029"
company_name: "STURM RUGER & CO INC"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:35:47.647600+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sturm Ruger Q1 EPS slides to $0.40; cuts 80 jobs, sees $9M annual savings

## Summary
- Net sales $136.8M, down 8.5% YoY; diluted EPS $0.40 vs $0.81.
- Gross margin fell to 21% from 26% due to product mix, fixed cost deleverage, and inflation.
- Reduction in force impacts ~80 employees; $1.5M severance charge; expects $9M annualized savings.
- New product sales rose to $42M (32% of firearm sales) from $30M (21%) a year ago.
- Declared Q1 dividend $0.16/share, payable June 7; repurchased 75k shares for $3.2M in Q1.

## SEC filing metadata
- accession: 0001174947-24-000688
- form_type: 8-K
- ticker: RGR
- cik: 0000095029
- company_name: STURM RUGER & CO INC
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/95029/000117494724000688/0001174947-24-000688-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/95029/000117494724000688/form8k-32248_rgr.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-24-000688
- JSON: https://secwatch.observer/filing/0001174947-24-000688.json
- Plain text: https://secwatch.observer/filing/0001174947-24-000688.txt

## Key facts
- Earnings Releases
  STURM RUGER & CO INC reported first quarter ended March 30, 2024 results: revenue net sales were $136.8 million, EPS diluted earnings were 40¢ per share.
  - Period: first quarter ended March 30, 2024
  - Revenue: net sales were $136.8 million
  - EPS: diluted earnings were 40¢ per share
  - Result: reported results
  source text: for the first quarter of 2024, net sales were $136.8 million and diluted earnings were 40¢ per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/95029/000117494724000688/0001174947-24-000688-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.