Quarterly ResultMay 6, 2026, 04:14 PM
Sturm Ruger Q1 Net Income $0.13M, EPS $0.01; Sales Up 4.1%
AI Summary
Sturm Ruger reported a significant decline in its first quarter 2026 financial performance, with net income plummeting to $0.13 million and diluted earnings per share falling to $0.01, despite a 4.14% increase in total net sales to $141.36 million. The company also recorded an operating loss of $(1.95) million, a sharp reversal from the prior year's operating income. Cash dividends per share were reduced by 66.67% to $0.08. Legal proceedings continue, with a positive development in the City of Gary case where dismissal was ordered by the Indiana Court of Appeals.
Key Highlights
- Net income plummeted 98.35% to $0.13 million for Q1 2026 from $7.77 million in Q1 2025.
- Diluted earnings per share decreased to $0.01 in Q1 2026 from $0.46 in Q1 2025.
- Total net sales increased 4.14% to $141.36 million in Q1 2026 from $135.74 million in Q1 2025.
- Operating income shifted to a loss of $(1.95) million in Q1 2026 from an income of $8.47 million in Q1 2025.
- Cash dividends per share decreased 66.67% to $0.08 in Q1 2026 from $0.24 in Q1 2025.
- Cash provided by operating activities increased to $18.75 million in Q1 2026 from $11.15 million in Q1 2025.
- Firearms segment net sales rose to $140.90 million, but gross profit declined to $28.23 million.
- The Indiana Court of Appeals ordered dismissal of The City of Gary municipal litigation, awaiting Supreme Court decision.