Sturm, Ruger & Company, Inc. Reports First Quarter Diluted Earnings of 81¢ Per Share and Declares Quarterly Dividend of 32¢ Per Share

Sturm, Ruger & Company, Inc. (NYSE: RGR) announced today that for the first quarter of 2023, net sales were $149.5 million and diluted earnings were 81¢ per share. For the corresponding period in 2022, net sales were $166.6 million and diluted earnings were $1.70 per share.

The Company also announced today that its Board of Directors declared a dividend of 32¢ per share for the first quarter for stockholders of record as of May 15, 2023, payable on May 31, 2023. This dividend varies every quarter because the Company pays a percentage of earnings rather than a fixed amount per share. This dividend is approximately 40% of net income.

Chief Executive Officer Christopher J. Killoy commented on the first quarter of 2023, “Decreased consumer demand led to a 10% reduction in first quarter sales compared to the prior year. We took a disciplined approach, targeted a production mix that better aligned with consumer demand, and continued to responsibly manage our overall production levels to reflect market conditions as we did throughout 2022. This is evidenced by the slight reduction in both our finished goods inventory and the inventory of our products at distributors, which sets us on a solid path for the remainder of the year.”

Mr. Killoy reiterated the Company’s steadfast commitment to its disciplined approach, “Our long-term focus will continue to yield strong cash flow, prioritize the development of innovative new products, and safeguard our robust, debt-free balance sheet, which in turn will allow us to withstand the volatility of the ever-changing firearms market.” Read more

GENESEO, ILL. – Springfield Armory® is proud to announce the release of the 10-round SAINT® Victor 9mm Carbine. This low-cap pistol caliber carbine (PCC) provides those in locales requiring restricted capacities an opportunity to acquire one of the newest additions to the Victor line of AR-pattern firearms.

The SAINT Victor 9mm Carbine is designed to deliver a PCC with all the performance and capability you have come to expect from the SAINT Victor line. Featuring forged 7075 T6 aluminum dedicated 9mm upper and lower receivers, this new carbine is built to deliver.

Employing a rugged direct blowback system of operation that ensures rock-solid reliability, the SAINT Victor 9mm Carbine features a Melonite®-coated 16” barrel. At the muzzle is the SA Forward Blast Diverter, recessed under the carbine’s free-floated, full-length handguard that features ample M-Lok® slots for accessories. Read more

Springfield Armory® is proud to announce the release of drop-in threaded barrels for its Hellcat® 9mm and XD-M® 4.5” 9mm, 10mm, and .45 ACP pistols. They are hammer forged for both durability and precision performance.

The threaded barrel kit for the Hellcat features a 3.8” hammer-forged threaded barrel with Self Indexing Compensator as well as an included thread protector. This drop-in barrel system features 1/2×28 threading and is designed to work with any standard configuration 3” Hellcat 9mm pistol. It features a black Melonite finish on the barrel for rust-resistance and lubricity. Read more

Lone Wolf Arms, a company known as a leader of innovation in the Glock aftermarket, is proud to announce the arrival of the DUSK™19 pistol line. With more than two decades of experience providing aftermarket solutions to enhance both the performance and aesthetics of the Glock-pattern pistol, Lone Wolf Arms has implemented these years of development into the DUSK™19 which is now available online and at a dealer near you.

The new DUSK™19 includes a CCS Frame with a 19° grip angle for improved pointability, an enlarged trigger guard with ergonomic profile to reduce “Glock knuckle”, swappable backstraps with LWA Grip Texture, a new Gen 3/4 compatible dust cover, and a revolutionary proprietary trigger. Additionally, the DUSK™19 is light, with a non-threaded option weighing in at 19.8 oz without a magazine, and is the perfect EDC size at an overall length of 6.95”. Read more

WASHINGTON, D.C. — NSSF®, The Firearm Industry Trade Association, welcomes the bipartisan introduction of the Federal Firearms Licensee (FFL) Protection Act, H.R. 2620, introduced by U.S. Reps. John Rutherford (R-Fla.) and Henry Cuellar (D-Texas). The bipartisan bill would strengthen and enhance criminal penalties for thefts of firearms from federally licensed firearm retailers. This legislation sends a strong message to those violent criminals engaging in these illicit activities and helps provide for safer communities, assists law enforcement and protects the livelihoods of firearm retailers.

“This bipartisan legislation is what true gun safety looks like. Congress is sending a clear message that the safety of our communities is nonnegotiable and targeting firearm retailers to steal guns in order to commit further crimes is intolerable,” said Lawrence G. Keane, Senior Vice President and General Counsel for NSSF. “The firearm industry is grateful to Congressmen Rutherford and Cuellar for reaching across the aisle to provide those firearm retailers who follow the law the protection they deserve. This legislation assigns the responsibility for crime where it belongs – with the criminal. These are real solutions that make our communities safer.” Read more