Sturm Ruger (RGR) Tops Q1 EPS by 73c, Revenues Beat

Sturm Ruger (NYSE: RGR) reported Q1 EPS of $2.16, $0.73 better than the analyst estimate of $1.43. Revenue for the quarter came in at $184.38 million versus the consensus estimate of $161.5 million.

Chief Executive Officer Christopher J. Killoy commented on the financial results for the first quarter of 2021, “Strengthening our workforce and realizing operational efficiencies resulted in an outstanding quarter. I could not be more proud of how well our folks rose to the challenges posed by the COVID-19 pandemic and capitalized on the opportunities presented by the historic surge in demand during the past year. But we did not allow the frenetic pace of our business to distract us from our long-term goal of driving shareholder value. Our focus on our new product development initiatives remained steadfast. Consequently, in March we introduced the Ruger Max-9, a versatile 9mm pistol that has been met with tremendous excitement. We look forward to additional exciting product launches in 2021, including the return of Marlin lever action rifles, which we plan to begin shipping in the fourth quarter.”

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

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