Sturm, Ruger & Company, Inc. designs, manufactures, and sells firearms in the United States. The company provides single-shot, auto loading, bolt-action, and sporting rifles; single-action and double-action revolvers; and rim fire and center fire auto loading pistols, as well as shotguns under the Ruger name. It also provides accessories and replacement parts for firearms. In addition, the company provides investment castings that are made from steel alloys directly or through manufacturers’ representatives. It sells its firearm products through independent wholesale distributors to the commercial sporting market; and exports its firearms through a network of commercial distributors and dire...
One Lacey Place
Southport, CT 06890
Founded in 1949
Sturm, Ruger & Co. Inc. Enters Sixth Amendment to Credit Agreement with Bank of America N.A
Jun 16 14
On June 9, 2014, Sturm, Ruger & Co. Inc. entered into a sixth amendment to credit agreement with Bank of America, N.A., which extends the termination date of the credit agreement to June 15, 2015.
Sturm, Ruger & Co. Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 29, 2014; Provides Capital Expenditures Guidance for the Year 2014; Declares Quarterly Dividend, Payable on May 30, 2014
May 5 14
Sturm, Ruger & Co. Inc. announced unaudited earnings results for the first quarter ended March 29, 2014. For the quarter, the company reported total net sales of $169,884,000 against $155,905,000 a year ago. Operating income was $37,969,000 against $37,102,000 a year ago. Income before income taxes was $38,298,000 against $37,351,000 a year ago. Net income and comprehensive income was $24,319,000 or $1.22 per fully diluted share against $23,718,000 or $1.20 per fully diluted share a year ago. Cash provided by operating activities was $15,710,000 against $30,407,000 a year ago. Property, plant and equipment additions were $9,579,000 against $7,705,000 a year ago, much of it related to tooling fixtures and equipment for new product introductions and to upgrade and modernize manufacturing equipment. EBITDA was $47,274,000 compared to $41,868,000 a year ago. At March 29, 2014, stockholders' equity was $192.8 million, which equates to a book value of $9.94 per share, of which $2.57 per share was cash.
The company expects to invest approximately $35 million on capital expenditures during 2014 as it continues to prioritize new product development.
The Board of Directors declared a dividend of 49 cents per share for the first quarter, for shareholders of record as of May 16, 2014, payable on May 30, 2014.