Sturm Ruger Files Q2 2024 10-Q Report
Ticker: RGR · Form: 10-Q · Filed: Jul 31, 2024 · CIK: 95029
| Field | Detail |
|---|---|
| Company | Sturm Ruger & Co Inc (RGR) |
| Form Type | 10-Q |
| Filed Date | Jul 31, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, earnings, financials
Related Tickers: RGR
TL;DR
RGR filed its 10-Q for Q2 2024. Check financials.
AI Summary
Sturm, Ruger & Company, Inc. filed its 10-Q report for the quarterly period ended June 29, 2024. The company, incorporated in Delaware, is listed on the New York Stock Exchange under the ticker RGR. Its principal executive offices are located in Southport, Connecticut.
Why It Matters
This filing provides investors with an update on Sturm Ruger's financial performance and operational status for the second quarter of 2024.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.
Key Numbers
- 001-10435 — SEC File Number (Identifies the company's filing with the SEC.)
- 06890 — ZIP Code (Principal executive offices location.)
Key Players & Entities
- STURM RUGER & CO INC (company) — Registrant
- RGR (company) — Trading Symbol
- New York Stock Exchange (company) — Exchange
- June 29, 2024 (date) — Quarterly Period End Date
- 060633559 (dollar_amount) — IRS Number
FAQ
What is the reporting period for this 10-Q filing?
The quarterly period ended June 29, 2024.
What is the trading symbol for Sturm, Ruger & Company, Inc.?
The trading symbol is RGR.
On which exchange is Sturm, Ruger & Company, Inc. listed?
The company's common stock is registered on the New York Stock Exchange.
Where are Sturm, Ruger & Company, Inc.'s principal executive offices located?
The principal executive offices are located at One Lacey Place, Southport, Connecticut, 06890.
What is the company's IRS employer identification number?
The IRS employer identification number is 06-0633559.
Filing Stats: 4,521 words · 18 min read · ~15 pages · Grade level 14.3 · Accepted 2024-07-31 17:01:24
Key Financial Figures
- $1 — ange on which registered Common Stock, $1 par value RGR New York Stock Exchange
Filing Documents
- rgr-20240629.htm (10-Q) — 587KB
- ex31-1.htm (EX-31.1) — 10KB
- ex31-2.htm (EX-31.2) — 10KB
- ex32-1.htm (EX-32.1) — 5KB
- ex32-2.htm (EX-32.2) — 6KB
- 0001174947-24-000938.txt ( ) — 3580KB
- rgr-20240629.xsd (EX-101.SCH) — 45KB
- rgr-20240629_cal.xml (EX-101.CAL) — 35KB
- rgr-20240629_def.xml (EX-101.DEF) — 152KB
- rgr-20240629_lab.xml (EX-101.LAB) — 319KB
- rgr-20240629_pre.xml (EX-101.PRE) — 152KB
- rgr-20240629_htm.xml (XML) — 358KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) Condensed consolidated balance sheets – June 29, 2024 and December 31, 2023 3 Condensed consolidated statements of income and comprehensive income – Three and six months ended June 29, 2024 and July 1, 2023 5 Condensed consolidated statement of stockholders' equity – Six months ended June 29, 2024 6 Condensed consolidated statements of cash flows – Six months ended June 29, 2024 and July 1, 2023 7 Notes to condensed consolidated financial statements – June 29, 2024 8 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 29 Item 4.
Controls and Procedures
Controls and Procedures 29 PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 29 Item 1A.
Risk Factors
Risk Factors 30 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 3. Defaults Upon Senior Securities 31 Item 4. Mine Safety Disclosures 31 Item 5. Other Information 31 Item 6. Exhibits 32
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS (UNAUDITED)
ITEM 1. FINANCIAL STATEMENTS (UNAUDITED) STURM, RUGER & COMPANY, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Dollars in thousands) June 29, 2024 December 31, 2023 (Note) Assets Current Assets Cash $ 7,153 $ 15,174 Short-term investments 98,490 102,485 Trade receivables, net 56,119 59,864 Gross inventories (Note 4) 145,839 150,192 Less LIFO reserve ( 66,854 ) ( 64,262 ) Less excess and obsolescence reserve ( 5,653 ) ( 6,120 ) Net inventories 73,332 79,810 Prepaid expenses and other current assets 16,857 14,062 Total Current Assets 251,951 271,395 Property, plant and equipment 471,440 462,397 Less allowances for depreciation ( 400,126 ) ( 390,863 ) Net property, plant and equipment 71,314 71,534 Deferred income taxes 14,727 11,976 Other assets 38,711 43,912 Total Assets $ 376,703 $ 398,817 Note : The Condensed Consolidated Balance Sheet at December 31, 2023 has been derived from the audited consolidated financial statements at that date but does not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. See notes to condensed consolidated financial statements. 3 STURM, RUGER & COMPANY, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Continued) (Dollars in thousands, except per share data ) June 29, 2024 December 31, 2023 (Note) Liabilities and Stockholders' Equity Current Liabilities Trade accounts payable and accrued expenses $ 29,583 $ 31,708 Contract liabilities with customers (Note 3) — 149 Product liability 314 634 Employee compensation and benefits 16,692 24,660 Workers' compensation 5,432 6,044 Total Current Liabilities 52,021 63,195 Employee compensation 1,252 1,685 Product liability accrual 61 46 Lease liability (Note 5) 1,903 2,170 Contingent liabilities (Note 13) — — Stockholders' Equity Common Stock,