Sturm, Ruger & Company, Inc. designs, manufactures, and sells firearms under the Ruger trademark in the United States. It operates in two segments, Firearms and Castings. The company offers single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures and sells steel investment castings and metal injection molding (MIM) parts. It sells its firearm products through independent wholesale distributors to commercial sporting market; and castings and MIM parts directly or through manufacturers’ representatives. The company also exports its fi...
1 Lacey Place
Southport, CT 06890
Founded in 1949
Sturm, Ruger & Co. Inc. Declares Quarterly Dividend, Payable March 31, 2017
Feb 23 17
Sturm, Ruger & Co. Inc.'s board of directors declared a quarterly dividend of 44 cents a share, payable March 31 to shareholders registered as of March 17. The dividend is worth 40% of the quarterly net income.
Sturm, Ruger & Company Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Provides Capital Expenditures Guidance for the Year 2017
Feb 22 17
Sturm, Ruger & Company Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the fourth quarter of 2016, net sales were $161.8 million and diluted earnings were $1.10 per share. For the corresponding period in 2015, net sales were $152.4 million and diluted earnings were 88 cents per share. For the fourth quarter of 2016, EBITDA was $42.5 million or 26% of sales. These results compare favorably to fourth quarter 2015 EBITDA of $36 million, or 24% of sales.
For the year, the company reported total net sales of $664,328,000 compared with $551,094,000 for the same period a year ago. Operating income was $134,409,000 compared with $94,545,000 for the same period a year ago. Income before income taxes was $135,921,000 compared with $96,100,000 for the same period a year ago. Net income was $87,472,000 or $4.59 per fully diluted share compared with $62,126,000 or $3.21 per fully diluted share for the same period a year ago. Cash provided by operating activities was $104,800,000 compared with $112,569,000 for the same period a year ago. Property, plant and equipment additions were $35,215,000 compared with $28,705,000 for the same period a year ago. EBITDA was $171,448,000 against $132,486,000 a year ago. In 2015, capital expenditures totaled $29 million, a decrease from $46 million in 2014.
The company expects 2017 capital expenditures to total approximately $40 million, as they continue to prioritize new product development.
Sturm, Ruger & Company, Inc. Declares Dividend for the Fourth Quarter of 2017, Payable on March 31, 2017
Feb 22 17
Sturm, Ruger & Company, Inc. announced that its Board of Directors declared a dividend of 44 cents per share for the fourth quarter of 2017, for shareholders of record as of March 17, 2017, payable on March 31, 2017.