Sturm, Ruger & Company Posts Lower Net Income In Q1

(RTTNews) - Wednesday, Sturm, Ruger & Company, Inc. (RGR) announced its first-quarter financial results, reporting a net income of $0.128 million, or $0.01 a share, compared to $7.8 million, or $0.46 a share, in the prior year quarter.

On an adjusted basis, earnings totaled $0.27 per share compared to $0.46 per share last year.

Adjusted EBITDA amounted to $10.9 million versus $14.3 million in the earlier year.

Total net sales increased to $141.4 million from last year's $135.7 million.

In the after-hours trading, RGR is falling 3.73 percent, to $39.00 on the NYSE.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This data feed is not available at this time.