secwatch.observer — SEC 8-K summary
======================================

Issuer:     STURM RUGER & CO INC (RGR)
CIK:        0000095029
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001174947-24-000688
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95029/000117494724000688/0001174947-24-000688-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95029/000117494724000688/form8k-32248_rgr.htm
  HTML page:      https://secwatch.observer/filing/0001174947-24-000688

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer