Sturm, Ruger & Co. Files Q3 2024 10-Q Report
Ticker: RGR · Form: 10-Q · Filed: Oct 30, 2024 · CIK: 95029
| Field | Detail |
|---|---|
| Company | Sturm Ruger & Co Inc (RGR) |
| Form Type | 10-Q |
| Filed Date | Oct 30, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
Related Tickers: RGR
TL;DR
RGR filed its 10-Q for Q3 2024. Check financials.
AI Summary
Sturm, Ruger & Company, Inc. filed its quarterly report on Form 10-Q for the period ending September 28, 2024. The company, incorporated in Delaware, is based in Southport, Connecticut, and its common stock trades under the symbol RGR on the New York Stock Exchange. The filing details its financial performance and operational status for the specified quarter.
Why It Matters
This report provides investors with an update on Sturm, Ruger's financial health and operational performance during the third quarter of 2024, influencing investment decisions.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.
Key Players & Entities
- STURM, RUGER & COMPANY, INC. (company) — Registrant
- RGR (company) — Trading Symbol for Common Stock
- New York Stock Exchange (company) — Exchange where RGR is traded
- September 28, 2024 (date) — End of the quarterly period
FAQ
What is the fiscal year end for Sturm, Ruger & Company, Inc.?
The fiscal year end for Sturm, Ruger & Company, Inc. is December 31.
What is the principal executive office address for the company?
The principal executive offices are located at One Lacey Place, Southport, Connecticut 06890.
What is the company's telephone number?
The company's telephone number is (203) 259-7843.
Under which section of the Securities Exchange Act is this report filed?
This report is filed as a Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the SIC code for Sturm, Ruger & Company, Inc.?
The Standard Industrial Classification (SIC) code is 3480 for Ordnance & Accessories, (No Vehicles/Guided Missiles).
Filing Stats: 4,477 words · 18 min read · ~15 pages · Grade level 14.6 · Accepted 2024-10-30 17:02:03
Key Financial Figures
- $1 — ange on which registered Common Stock, $1 par value RGR New York Stock Exchange
Filing Documents
- rgr-20240928.htm (10-Q) — 589KB
- 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) — 5KB
- 0001174947-24-001190.txt ( ) — 3579KB
- rgr-20240928.xsd (EX-101.SCH) — 42KB
- rgr-20240928_cal.xml (EX-101.CAL) — 37KB
- rgr-20240928_def.xml (EX-101.DEF) — 145KB
- rgr-20240928_lab.xml (EX-101.LAB) — 322KB
- rgr-20240928_pre.xml (EX-101.PRE) — 153KB
- rgr-20240928_htm.xml (XML) — 354KB
Financial Statements (Unaudited)
Financial Statements (Unaudited) Condensed consolidated balance sheets – September 28, 2024 and December 31, 2023 3 Condensed consolidated statements of income and comprehensive income – Three and nine months ended September 28, 2024 and September 30, 2023 5 Condensed consolidated statement of stockholders' equity – Nine months ended September 28, 2024 6 Condensed consolidated statements of cash flows – Nine months ended September 28, 2024 and September 30, 2023 7 Notes to condensed consolidated financial statements – September 28, 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 21 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 30 Item 4.
Controls and Procedures
Controls and Procedures 30 PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 30 Item 1A.
Risk Factors
Risk Factors 31 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 31 Item 3. Defaults Upon Senior Securities 32 Item 4. Mine Safety Disclosures 32 Item 5. Other Information 32 Item 6. Exhibits 33
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) September 28, 2024 December 31, 2023 (Note) Assets Current Assets Cash $ 7,522 $ 15,174 Short-term investments 88,455 102,485 Trade receivables, net 60,157 59,864 Gross inventories (Note 4) 150,460 150,192 Less LIFO reserve ( 68,265 ) ( 64,262 ) Less excess and obsolescence reserve ( 6,159 ) ( 6,120 ) Net inventories 76,036 79,810 Prepaid expenses and other current assets 14,944 14,062 Total Current Assets 247,114 271,395 Property, plant and equipment 474,501 462,397 Less allowances for depreciation ( 401,972 ) ( 390,863 ) Net property, plant and equipment 72,529 71,534 Deferred income taxes 14,918 11,976 Other assets 38,893 43,912 Total Assets $ 373,454 $ 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 ) September 28, 2024 December 31, 2023 (Note) Liabilities and Stockholders' Equity Current Liabilities Trade accounts payable and accrued expenses $ 31,495 $ 31,708 Contract liabilities with customers (Note 3) — 149 Product liability 270 634 Employee compensation and benefits 17,413 24,660 Workers' compensation 5,792 6,044 Total Current Liabilities 54,970 63,195 Employee compensation 1,712 1,685 Product liability accrual 61 46 Lease liability (Note 5) 1,766 2,170 Contingent liabilities (Note 13) — — Stockholders' Equity Comm