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Sturm Ruger Q4 profit climbs 65.0% YOY

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Sturm Ruger Q4 profit climbs 65.0% YOY

Sturm Ruger & Co. Inc. said its fourth-quarter normalized net income came to 84 cents per share, compared with the S&P Capital IQ consensus estimate of 75 cents per share.

EPS rose 63.7% year over year from 52 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $16.4 million, a gain of 65.0% from $9.9 million in the prior-year period.

The normalized profit margin climbed to 10.8% from 8.1% in the year-earlier period.

Total revenue rose 24.3% year over year to $152.4 million from $122.6 million, and total operating expenses grew 18.7% on an annual basis to $126.5 million from $106.5 million.

Reported net income totaled $17.1 million, or 88 cents per share, compared to a loss of $14.8 million, or a loss of 77 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled $3.10 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.08.

EPS was $3.09 in the prior year.

Normalized net income was $59.9 million, a decrease from $61.2 million in the prior year.

Full-year total revenue rose from the prior-year period to $551.1 million from $544.5 million, and total operating expenses increased year over year to $456.7 million from $447.4 million.

The company said reported net income increased 60.7% on an annual basis to $62.2 million, or $3.21 per share, in the full year, from $38.7 million, or $1.95 per share.