Revenue at the Southport-based company rose 17% to $147.6 million, bolstered by a 16% uptick in firearm sales and a 26% gain in the castings division. Investors responded favorably to the results, pushing shares up 2% in after-hours trading to hit $51.00, building on a 10.6% rally observed during the regular session.
In section Market Quotes
Sturm Ruger Profits Surge as Firearm Demand Climbs
With third-quarter profits climbing to $5.8 million, Sturm Ruger is outpacing its previous year’s performance as consumer appetite for firearms and castings remains robust. The manufacturer saw earnings per share reach 36 cents, a sharp jump from the 10 cents reported during the same period in 2023.
Chief Executive Todd Seyfert noted that while the company finds the top-line growth encouraging, the internal strategy remains fixed on profitability. Management is prioritizing disciplined cost control and a refined product mix to sustain this momentum through the end of the fiscal year.
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