Net income increased 10% in the first quarter to $7,768,000 from $7,084,000 despite a 1% dip in sales to $135,738,000 from $136,820,000, which still handily outperformed the stagnant firearms retail market. RetailBI reported that retail firearm unit sales declined 9.6% in Q1, with revenue down 11.5%, and NSSF-adjusted NICS checks declined by 4.2%. New firearms like the Gen-II Ruger American Rifle, Marlin lever-action rifles, and the RXM pistol collaboration with Magpul were strong sellers, and new products overall accounted for $40.7 million of the Q1 top line.

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