FOR IMMEDIATE RELEASE STURM, RUGER & COMPANY, INC. REPORTS FIRST QUARTER DILUTED EARNINGS OF 46¢ PER SHARE AND DECLARES QUARTERLY DIVIDEND OF 18¢ PER SHARE SOUTHPORT, CONNECTICUT, April 30, 2025--Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that for the first quarter of 2025, net sales were $135.7 million and diluted earnings were 46¢ per share. For the corresponding period in 2024, net sales were $136.8 million and diluted earnings were 40¢ per share. The Company also announced today that its Bo ...

I manage a handful of portfolios, all of which have outperformed the S&P 500 index since inception in 2020. I like to evaluate businesses as a business - not a stock ticker - and invest when I judge the market to have significantly mispriced them. I have a degree in Mechanical Engineering and an MBA, but I've learned the most from reading and listening to investors I admire, including Warren Buffet (obviously), Charlie Munger, Phil Fisher and Nick Sleep.Analyst’s Disclosure: I/we have no stock, option or si ...

Financial Data and Key Metrics Changes - In 2024, net sales were $536 million, a decrease from $544 million in 2023, while diluted earnings per share fell from $2.71 to $1.77 [9][10] - Gross margin declined from 25% in 2023 to 21% in 2024 due to unfavorable fixed cost deleveraging, inflationary pressures, and a shift in product mix [10] - In Q4 2024, net sales increased to $146 million from $131 million in Q4 2023, with diluted earnings per share rising from $0.58 to $0.62 [10] Business Line Data and Key Metrics Changes - New product sales accounted for $159 million, representing 32% of total firearm sales in 2024 [20] - The estimated sell-through of products from distributors to retailers increased for both Q4 and the full year, despite a decrease in adjusted NICS background checks [21] Market Data and Key Metrics Changes - Data suggests that used gun sales represented a larger percentage of overall retail firearm sales in 2024 compared to 2023, indicating potential market share gains for the company [22] Company Strategy and Development Direction - The company remains focused on long-term shareholder value creation, with a disciplined pricing strategy to promote consistency throughout the distribution channel [23] - The company plans to continue collaborating with Magpul on new product developments, including various frame sizes and grip colors for the RXM [34] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the banking situation in the U.S. and emphasized a conservative approach to cash management [37] - The company entered 2025 with a strong debt-free balance sheet and reduced inventories, along with a full pipeline of new products [22] Other Important Information - The board declared a quarterly dividend of $0.24 per share, which is approximately 40% of net income [14] - The company celebrated its 75th anniversary in 2024 with various events and new product launches [16][18] Q&A Session Summary Question: Inquiry about the impact of new products, specifically the RXM - Management noted that the RXM had a significant impact in December, with preplanned retailer summits leading to a smooth launch and strong sales [28][31] Question: Discussion on the potential for new product variations and collaboration with Magpul - Management confirmed plans for continued collaboration with Magpul, including new frame sizes and grip options for the RXM [34] Question: Inquiry about future cash uses and share repurchase appetite - Management indicated that both share repurchases and special dividends remain options, alongside potential strategic acquisitions [36][39] Question: Inquiry about gross margins and product mix - Management explained that the successful launch of 75th anniversary models, priced competitively, contributed to decreased gross margins due to product mix [45]

Financial Performance - In 2024, Sturm, Ruger reported net sales of $535.6 million, a decrease of 1.9% from $543.8 million in 2023, with diluted earnings per share of $1.77 compared to $2.71 in 2023[4] - For Q4 2024, net sales were $145.8 million, up 11.5% from $130.6 million in Q4 2023, with diluted earnings of 62¢ per share, an increase from 58¢ per share in the same period last year[4] - Total net sales for 2024 were $535,643, a decrease of 1.9% from $543,767 in 2023[18] - Gross profit for 2024 was $114,415, down 14.3% from $133,619 in 2023[18] - Operating income decreased to $31,654 in 2024, a decline of 39.2% compared to $52,084 in 2023[18] - Net income for 2024 was $30,563, representing a 36.7% decrease from $48,215 in 2023[18] - Basic Earnings Per Share (EPS) for 2024 was $1.79, down 34.5% from $2.73 in 2023[18] - EBITDA for 2024 was $55,055, a decrease of 27.5% from $75,947 in 2023, with an EBITDA margin of 10.3%[21] Sales and Product Performance - New products accounted for $159.3 million, or 32% of firearms sales in 2024, up from $119.0 million, or 23% in 2023[9] - The estimated unit sell-through of products increased by 5% in 2024, despite a 4% decrease in adjusted NICS background checks[9] Cash Flow and Shareholder Returns - Cash provided by operations in 2024 was $55.5 million, with cash and short-term investments totaling $105.5 million at year-end[9] - The company returned $46.2 million to shareholders in 2024, including $11.8 million in dividends and $34.4 million in stock repurchases[9] - Dividends paid in 2024 were $11,829, a significant decrease from $110,789 in 2023[19] - The company declared a dividend of 24¢ per share for Q4 2024, representing approximately 40% of net income[5] Balance Sheet and Liabilities - At December 31, 2024, stockholders' equity was $319.6 million, equating to a book value of $19.03 per share[10] - Total current liabilities increased to $60,809,963 from $31,708,000[17] - Trade accounts payable and accrued expenses amounted to $35,750,000, up from $31,708,000[17] - Total stockholders' equity reached $31,958,233, compared to $31,721,000 in the previous year[17] - Total liabilities and stockholders' equity decreased to $384,034 from $398,817[17] - Employee compensation and benefits liabilities were reported at $18,824,242[17] - Product liability accrued was $6,146,000[17] - Common stock outstanding decreased from 17,458,620 to 16,790,824 shares[17] - Retained earnings increased to $436,609,418 from $415,058,000[17] - Total liabilities amounted to $352,076,000, a decrease from the previous year's $367,000,000[17] Capital Expenditures - Capital expenditures for 2024 were $20.8 million, with expectations of approximately $20 million in 2025[9]

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTION 13 OR 15(d) THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ___________ Commission File Number 001-10435 STURM, RUGER & ...

Financial Data and Key Metrics Changes - For Q3 2024, net sales were $122.3 million, a slight increase from $120.9 million in Q3 2023, while diluted earnings per share decreased to $0.28 from $0.42 in the same period [8] - For the nine months ended September 28, 2024, net sales totaled $389.9 million, down from $413.2 million in the corresponding period of 2023, with diluted earnings per share decreasing to $1.15 from $2.13 [9] - Cash and short-term investments amounted to $96 million, with a current ratio of 4.5:1 and no debt reported [10] Business Line Data and Key Metrics Changes - New product sales accounted for $113 million or 31% of firearm sales in the first nine months of 2024, indicating a strong performance from recently introduced products [18] - The company reported a decrease in finished goods inventory and distributor inventories by 125,000 units over the past year, suggesting improved inventory management [16] Market Data and Key Metrics Changes - Overall market demand showed signs of recovery in Q3 2024, with adjusted background checks increasing by 4.5% year-over-year, while the estimated unit sell-through of products from independent distributors to retailers rose by 9% [13] - Despite a 3% decrease in adjusted NICS for the first nine months of 2024, the company's estimated distributor sell-through increased by 4%, indicating market share gains [13] Company Strategy and Development Direction - The company aims to maintain a disciplined pricing strategy and focus on innovation to drive growth, rather than engaging in aggressive discounting [28] - The introduction of new products is a key strategy for gaining market share, with several new offerings launched during the company's 75th anniversary [17] Management's Comments on Operating Environment and Future Outlook - Management noted that the current economic environment, characterized by high interest rates and rising consumer debt, has led to an increase in used gun sales, which may indicate a shift in consumer behavior [15] - The company anticipates that the backlog of orders, particularly for Marlin rifles, will extend into 2025, reflecting strong demand [22] Other Important Information - The company returned $39.3 million to shareholders through dividends and share repurchases in the first nine months of 2024, with a quarterly dividend of $0.11 per share declared for November [11] - The company received multiple industry awards, including Firearm Manufacturer of the Year, highlighting its strong reputation in the market [19] Q&A Session Summary Question: Discussion on the difference between ASP of orders and backlog - Management indicated that the higher average selling price (ASP) in the backlog is primarily due to the inclusion of Marlin rifles, which have a higher selling price [21] Question: Timing of rifle deliveries for key hunting seasons - Management expects many rifles to be delivered in 2025, although production is being maximized in Q4 [22] Question: Factors affecting gross profit margin - Management attributed the decline in gross profit margin to product mix and strategic pricing decisions made during the anniversary promotions [23] Question: Insights on consumer demand and promotional environment - Management acknowledged pressure in the market but stated that they plan to avoid aggressive promotions in Q4, focusing instead on product innovation [26][28] Question: Competitive promotional environment and industry stability - Management noted that oversupply and over-inventoried wholesalers are contributing to ongoing promotions, but they believe the market will stabilize in 2025 [34] Question: Changes in customer demographics and participation - Management highlighted efforts to convert first-time buyers into long-term customers, particularly targeting niche markets such as female customers [39]

Core Viewpoint - Sturm, Ruger & Company, Inc. held its Q3 2024 earnings conference call, where key executives discussed financial results and operational insights. Group 1: Company Overview - Christopher Killoy, President and CEO, introduced the conference call and outlined the agenda, which included financial results and market operations [3]. - Kevin Reid, General Counsel, provided a caution regarding forward-looking statements, emphasizing that actual results may differ from projections [4]. Group 2: Financial Results - Tom Dineen, Chief Financial Officer, was set to present an overview of the third quarter 2024 financial results, indicating a structured approach to financial reporting [3].

EXHIBIT 99.1 1 LACEY PLACE, SOUTHPORT, CT 06890 U.S.A. - (203) 259-7843 - www.ruger.com · RGR FOR IMMEDIATE RELEASE STURM, RUGER & COMPANY, INC. REPORTS THIRD QUARTER DILUTED EARNINGS OF 28¢ PER SHARE AND DECLARES QUARTERLY DIVIDEND OF 11¢ PER SHARE SOUTHPORT, CONNECTICUT, October 30, 2024--Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that for the third quarter of 2024, net sales were $122.3 million and diluted earnings were 28¢ per share. For the corresponding period in 2023, net sales were $120 ...

With markets near record highs, it gets more difficult to find reasonably priced shares that may provide satisfying long-term value. My quest for hunting for bargains has led me to what others refer to as sin stocks like Philipp is a seasoned value investor with nearly 20 years of experience in the field. He takes a global approach to investment opportunities, seeking out undervalued companies that offer a significant margin of safety, leading to attractive dividend yields and returns. While he does not lim ...

Financial Data and Key Metrics - Net sales for Q2 2024 were $130.8 million, down from $142.8 million in Q2 2023 [5] - Diluted earnings per share for Q2 2024 were $0.47, compared to $0.91 in Q2 2023 [5] - For the first half of 2024, net sales were $267.6 million, down from $292.3 million in the same period in 2023 [5] - Diluted earnings per share for the first half of 2024 were $0.87, compared to $1.72 in the first half of 2023 [5] - Cash and short-term investments totaled $106 million as of June 29, 2024 [6] - The company generated $26.1 million in cash from operations in the first half of 2024 and reinvested $10.4 million in capital expenditures [6] Business Line Performance - New product sales accounted for $80 million or 31% of firearm sales in the first half of 2024 [10] - Recently introduced products such as the American Rifle Generation II, Marlin 1895 Dark Series, and LC Carbine Chambered in 45 auto drove distributor sell-through [9] - The company plans to increase production in the second half of 2024 to replenish inventories, especially for new products [10] Market Performance - Estimated unit sell-through of products from independent distributors to retailers increased by 1% in both Q2 and the first half of 2024 compared to the prior year [8] - NICS background checks, adjusted by the National Shooting Sports Foundation, decreased by 8% in Q2 and 6% in the first half of 2024 [8] Company Strategy and Industry Competition - The company is focused on designing, engineering, and manufacturing innovative new products, with new product sales contributing significantly to overall sales [10] - The company has implemented cost reduction initiatives and increased production by 18% in Q2 2024, with further improvements expected in the second half of the year [11] - The company's disciplined pricing and promotion strategy aims to enhance long-term performance and promote consistency in the distribution channel [11] Management Commentary on Operating Environment and Future Outlook - Management noted that consumer demand in the firearms market has declined compared to last year, but demand for certain products remains consistent [8] - The company expects to leverage fixed costs and improve margins through increased production in the second half of 2024 [10] - Management is not banking on a significant demand spike related to the upcoming presidential election but is prepared to meet any unexpected increase in demand [19] Other Important Information - The company returned $27.1 million to shareholders in the first half of 2024 through dividends and share repurchases [7] - The Board of Directors declared a $0.19 per share quarterly dividend, payable on August 30, 2024 [7] - The company's current cash balance remains above $100 million, and it has no debt [6][7] Q&A Session Summary Question: ASPs and Backlog - The backlog is primarily driven by Marlin lever action rifles and Ruger American Generation II rifles, which are at a higher price point compared to incoming orders that include 75th-anniversary models [13] Question: Demand for Lower-Priced Items - The mix of products shipped in Q2 2024 was strong but biased towards lower-priced items, particularly 75th-anniversary models, which were priced sharply to ensure velocity in the market [14][15] Question: Margin Outlook - Margin improvements are expected to be driven by cost reduction initiatives and increased production, which will help leverage fixed costs [16] Question: July Demand - July demand remained slow, with lower-priced items and hard-to-get items driving sales, reflecting the cyclical and seasonal nature of the firearms industry [17][18] Question: New Product Launches - The company plans to continue launching new products in the second half of 2024 and does not intend to slow down product introductions despite the challenging industry environment [20][21][22] Question: Election Impact on Demand - The company is not expecting a significant demand spike related to the upcoming presidential election but is prepared to meet any unexpected increase in demand [19]