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Article Date: May 2024
Word Count: 222

Sturm, Ruger Net Income Halved in Q1


The bottom line contracted 51% to $7,084,000 from $14,350,000 to start the year, as revenues slipped 8% to $136,820,000 from $149,453,000. NSSF-adjusted NICS checks declined 4% in the quarter, but RGR’s sell through of products from independent distributors to retailers increased 1%. New products accounted for 32% of sales, with the American Rifle Generation II family of rifles called out as a top seller. Net inventories declined 14% from the beginning of the year to $68.5 million, and inventory at distributors was also significantly reduced over the past two quarters, the ... Log in to view full article.

 


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