NYSE$RGR

Sturm Ruger & Company Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Sturm Ruger reported diluted earnings of $1.98 per share for the third quarter of 2021.

Sturm, Ruger & Company reported net sales of $178.2 million and diluted earnings of $1.98 per share for the third quarter of 2021, compared to net sales of $145.7 million and diluted earnings of $1.39 per share in the third quarter of 2020.

  • Net sales for the third quarter of 2021 were $178.2 million.
  • Diluted earnings per share for the third quarter of 2021 were $1.98.
  • The company increased production by 22% from last year despite a one-week shutdown in July.
  • Finished goods inventories remain near historic lows.

Headline financials

Total Revenue

$178M

Previous: $146M+22.3%
EPS (adj)

$1.98

Previous: $1.39+42.4%
Capital Expenditures

-$15.6M

Previous: -$8.04M-94.1%
Free Cash Flow

$19.6M

Previous: $16.7M+17.2%
Net Income

$35.2M

Previous: $24.8M+42.2%
Operating Income

$46.7M

Previous: $32.9M+42.2%
Gross Profit

$64.8M

Previous: $51.2M+26.7%
Cash & Equivalents

$27.7M

Previous: $0.00
Total Assets

$420M

Previous: $311M+35.3%
Stock-Based Comp

$1.63M

Previous: $1.7M-4.1%

Revenue & EPS history

Sturm Ruger · Revenue · Quarterly

$178M

Q3 2021+22.3%vs Q3 2020
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Sturm Ruger is working on new product initiatives, including the return of Marlin lever action rifles, which they plan to begin shipping later in the fourth quarter. They are in a great position as they head into the fourth quarter, which has traditionally been a period of strong demand.

Tailwinds

  • Increase production by 22% from last year.
  • Working hard on some exciting new product initiatives, including the return of Marlin lever action rifles.
  • Replenish the distributor and retail inventories.
  • Fourth quarter has traditionally been a period of strong demand.
  • Finished goods inventories remain near historic lows.

Headwinds

  • Moderation of overall demand as reflected in the last two quarters of adjusted NICS.
  • Market demand
  • Sales levels of firearms
  • The need for external financing for operations or capital expenditures
  • The results of pending litigation against the Company

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.0%

Avg return

Earnings day

-1.5%

Avg return

5 days after

-3.3%

Avg return

30 days after

52%

34 / 66 earnings

Positive

+21.7%

Q4 2014

Best reaction

-18.0%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.0%-10.9%-8.0%
Q4 2025-0.8%+0.2%+8.1%
Q3 2025-0.8%-5.5%-31.7%
Q1 2025-15.9%-18.0%-11.0%
Q4 2024+12.3%+15.0%+11.1%
Q3 2024-4.4%-1.7%-7.4%
Q2 2024-5.8%-10.2%-8.3%
Q1 2024-6.9%-5.8%-7.4%
Q4 2023-1.1%-2.3%+5.0%
Q3 2023-17.9%-17.5%-19.3%
Q2 2023+4.4%+4.5%-2.1%
Q1 2023-7.0%-6.6%-8.0%
Q4 2022+7.9%+4.0%-1.9%
Q3 2022-10.2%-4.2%+7.9%
Q2 2022-7.8%-11.2%-20.7%
Q1 2022-3.8%-4.8%-2.2%
Q4 2021+4.6%+12.5%+12.3%
Q3 2021-4.8%-7.2%-17.8%
Q2 2021+4.6%+7.9%-1.1%
Q1 2021+2.1%+4.6%+16.6%
Q4 2020-0.2%+3.0%+3.6%
Q3 2020+5.2%+3.7%-6.4%
Q2 2020+4.9%+8.4%-7.7%
Q1 2020+7.5%+17.1%+35.9%
Q4 2019+7.0%+3.5%-11.9%
Q3 2019-4.9%-7.6%-3.6%
Q2 2019-18.0%-18.6%-26.1%
Q1 2019-8.8%-7.1%-9.3%
Q4 2018-2.2%-0.4%-14.0%
Q3 2018-8.2%-8.2%-12.5%
Q2 2018+3.9%+2.7%+20.8%
Q1 2018+3.9%+5.0%+4.3%
Q4 2017+1.3%+0.9%+2.2%
Q3 2017+2.9%+1.5%+9.4%
Q2 2017-8.3%-11.5%-19.8%
Q1 2017+5.0%+5.0%+9.7%
Q4 2016+1.7%+1.8%+5.3%
Q3 2016+0.6%+3.9%-13.3%
Q2 2016-4.6%-3.2%-10.4%
Q1 2016+7.1%
Q4 2015+6.1%
Q3 2015-12.8%
Q2 2015+1.8%
Q1 2015-0.2%
Q4 2014+21.7%
Q3 2014-11.4%
Q2 2014-10.2%
Q1 2014-5.9%
Q4 2013-6.8%
Q3 2013+3.8%
Q2 2013+6.8%
Q1 2013+4.5%
Q4 2012+2.8%
Q3 2012-4.4%
Q2 2012-6.8%
Q1 2012+1.0%
Q4 2011-7.6%
Q3 2010+13.4%
Q3 2011+13.4%
Q2 2011+13.0%
Q1 2010+2.9%
Q1 2011-0.2%
Q4 2010+9.0%
Q2 2010+9.0%
Q4 2008+9.0%
Q4 2009+9.0%

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