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Sturm Ruger fiscal Q2 profit falls 17.7% YOY


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Sturm Ruger fiscal Q2 profit falls 17.7% YOY

Sturm Ruger & Co. Inc. said its normalized net income for the fiscal second quarter ended June 27 was 88 cents per share, compared with the S&P Capital IQ consensus estimate of 78 cents per share.

EPS declined 15.2% year over year from $1.04.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $17.0 million, a decrease of 17.7% from $20.7 million in the year-earlier period.

The normalized profit margin declined to 12.1% from 13.5% in the year-earlier period.

Total revenue fell 8.3% on an annual basis to $140.9 million from $153.7 million, and total operating expenses declined 5.3% from the prior-year period to $114.2 million from $120.6 million.

Reported net income declined 21.2% from the prior-year period to $17.6 million, or 91 cents per share, from $22.3 million, or $1.12 per share.