Ruger(US:RGR)2025-02-19 22:03Financial 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]