The earnings call presented a mixed view of Ruger's current position. While the company has gained market share and received industry accolades, it is also facing challenges such as declining earnings and a competitive market environment. The company's strong financial position and success of new products are positive, but they are counterbalanced by pressures on profit margins and sales declines.
Company Guidance
During the Q3 2024 earnings call for Sturm, Ruger & Company, several key financial metrics and operational insights were discussed. The company reported net sales of $122.3 million and diluted earnings of $0.28 per share for the third quarter, with year-to-date sales at $389.9 million and earnings of $1.15 per share. Despite a challenging market, Ruger noted a 9% increase in estimated unit sell-through from distributors to retailers, outpacing the 4.5% rise in adjusted NICS background checks. The company's cash and short-term investments totaled $96 million, with no debt and a current ratio of 4.5:1. Ruger returned $39.3 million to shareholders through dividends and stock repurchases and declared a quarterly dividend of $0.11 per share. The call highlighted strong demand for the American Rifle Generation II and Marlin lever-action rifles, contributing to a decrease in inventory by 125,000 units. New product sales reached $113 million, accounting for 31% of firearm sales in the first nine months of 2024, as Ruger emphasized innovation and disciplined pricing over aggressive promotions to maintain long-term shareholder value.
Market Share Gains
The company outpaced the overall market, with a 9% increase in estimated unit sell-through compared to a 4.5% increase in NICS background checks.
New Product Success
New product sales totaled $113 million or 31% of firearm sales in the first 9 months of 2024. The American Rifle Generation II and Marlin lever-action rifles were highlighted as strong performers.
Industry Recognition
Ruger was named Firearm Manufacturer of the Year for the second consecutive year and the 12th time in the last 15 years at the NASGW Show.
Strong Financial Position
Ruger has a strong debt-free balance sheet with a current ratio of 4.5:1 and $96 million in cash and short-term investments.
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Sturm Ruger & Company (RGR) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RGR Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 30, 2024
$40.67
$39.21
-3.59%
Jul 31, 2024
$44.78
$42.95
-4.09%
May 07, 2024
$45.82
$42.62
-6.98%
Feb 21, 2024
$43.25
$42.30
-2.20%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sturm Ruger & Company (RGR) report earnings?
Sturm Ruger & Company (RGR) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Sturm Ruger & Company (RGR) earnings time?
Sturm Ruger & Company (RGR) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.