Sturm Ruger (RGR) Reports Q4 EPS of $0.46, Revenues Miss

Sturm Ruger (NYSE: RGR) reported Q4 EPS of $0.46, versus $0.69 reported last year. Revenue for the quarter came in at $105.1 million versus the consensus estimate of $132.5 million.

Chief Executive Officer Christopher J. Killoy commented on the year, “2019 was challenging for the firearms industry as manufacturing overcapacity, excess inventories at all levels of the channel, and a continued softness of demand led to a marketplace saddled with undisciplined discounting, reckless extension of payment terms, and excessive promotions. This left some distributors and manufacturers in its wake. Conversely, our promotional efforts in 2019 were more measured and instead we focused on delivering shareholder value over the long term, including our steadfast commitment to new product development.”

Mr. Killoy continued, “As a consequence, we are well positioned as we head into 2020. The Ruger-57 pistol, which was launched in December, has received an overwhelming reception. We also just launched the latest LCP pistol, the LCP II in .22 LR, which is enjoying strong demand and we look forward to introducing additional new and innovative firearms in 2020. Our financial strength, evidenced by our $165 million of cash and short-term investments, places us in a unique position in our industry from which we can either profitably weather a storm or thrive in a recovering market, always keeping an eye out for any long-term opportunities that may emerge.”

For earnings history and earnings-related data on Sturm Ruger (RGR) click here.

You May Also Be Interested In

• Bristol-Myers Squibb (BMY) stock slips despite earnings beat
• Tractor Supply (TSCO) Tops Q1 EPS by 12c ; Offers Guidance
• Morphic Holding, Inc. (MORF) Tops Q1 EPS by 6c