Financial Data and Key Metrics Changes - For Q3 2022, net sales were $139.4 million, a decrease of 21% from $178.2 million in Q3 2021. Diluted earnings per share were $1.03, down from $1.98 in the same period last year [7][9] - For the first nine months of 2022, net sales totaled $446.6 million, compared to $562.7 million in the corresponding period of 2021, with diluted earnings per share decreasing from $6.64 to $3.90 [8][9] - Gross margin declined from 36% in Q3 2021 to 28% in Q3 2022, attributed to unfavorable fixed cost deleveraging and inflationary cost increases [9] Business Line Data and Key Metrics Changes - New product sales represented $54.9 million or 13% of firearm sales in the first nine months of 2022, with several new firearms launched in Q3 2022 [20] - The company continues to prioritize legacy products that remain in strong demand, including American centerfire rifles and the SR1911 family of pistols [22] Market Data and Key Metrics Changes - NICS background checks, adjusted by The National Shooting Sports Foundation, decreased by 14% for the first nine months of 2022, indicating a decline in consumer demand compared to 2021 [16] - The modern sporting rifle category and bulk of centerfire polymer-framed pistols have seen significant demand slow down compared to 2020 and 2021 [16][28] Company Strategy and Development Direction - The company is committed to pursuing manufacturing excellence and developing innovative new products while cultivating long-term shareholder value [23] - A new facility was purchased in Mayodan, North Carolina, to enhance manufacturing and warehousing operations, reflecting the company's growth strategy [14][23] Management's Comments on Operating Environment and Future Outlook - Management noted that inflationary pressures have constrained discretionary spending, impacting sales [9][16] - There are positive indicators in inventory management among distributors, suggesting a more stable market environment compared to previous cycles [38] Other Important Information - The effective income tax rate for Q3 2022 was unusually low at 12.3%, down from 26.7% in Q3 2021, due to research and development tax credits [10] - The company has a debt-free balance sheet with cash and short-term investments totaling $215 million as of October 1, 2022 [12] Q&A Session Summary Question: Impact of Marlin on numbers and new product launches for 2023 - Management indicated that Marlin is starting to contribute meaningfully, with new models in production and more expected in the first half of the coming year [25] Question: Retail demand and channel inventory - Demand for new products remains strong, but there is significant inventory at retail and distributor levels, leading to promotional efforts [28] Question: Average selling price changes - The average selling price of incoming orders increased to $421, largely due to new products, while units shipped had a lesser impact due to timing [29] Question: Competitive promotional activity in the firearm sector - Management noted some promotional activity among rifle manufacturers but less so in revolver categories [35] Question: Inflation impact and relief - The company is experiencing increased costs in materials and freight, with some stabilization observed but no significant relief yet [42][43] Question: Inventory management for Marlin - Marlin products are moving quickly from production to distributors, with minimal inventory held [44] Question: Headcount and hiring plans - The company maintains a stable workforce of 1800-1900 employees, with ongoing hiring efforts in specific facilities [47] Question: Pricing strategy for the remainder of the year - No price increases were implemented in Q3, but the company is evaluating pricing strategies for January [48][49]

Sturm, Ruger & Company, Inc. (NYSE:RGR) Q2 2022 Results Conference Call August 4, 2022 9:00 AM ET Company Participants Chris Killoy - President and CEO Kevin Reid - General Counsel Tom Dineen - CFO Conference Call Participants Mark Smith - Lake Street Rommel Dionisio - Aegis Capital Operator Good day, and thank you for standing by. Welcome to the Q2 2022 Sturm, Ruger Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the co ...

Sturm, Ruger & Company, Inc. (NYSE:RGR) Q1 2022 Earnings Conference Call May 5, 2022 9:00 AM ET Company Participants Christopher Killoy - President & Chief Executive Officer Kevin Reid - Senior Vice President & General Counsel Tom Dineen - Chief Financial Officer Conference Call Participants Ryan Meyers - Lake Street Capital Rommel Dionisio – Aegis Capital Ryan Hamilton - Morgan Dempsey Operator Good day, and thank you for standing by. Welcome to the First Quarter [Technical Difficulty] Sturm Ruger Earnings ...

Financial Data and Key Metrics Changes - For 2021, net sales increased to $730.7 million from $568.9 million in 2020, representing a 28% growth, while diluted earnings per share rose to $8.78 from $5.09 [4] - In Q4 2021, net sales were $168.0 million, slightly down from $169.3 million in Q4 2020, but diluted earnings per share increased to $2.14 from $1.78 due to a reduction in the effective tax rate [5] Business Line Data and Key Metrics Changes - New product sales in 2021 accounted for $155 million or 22% of firearm sales, up from $111 million in 2020, indicating strong performance from new offerings [12] - The company achieved a 30% increase in production with less than a 10% increase in manpower, leading to a 109% return on net operating assets for the year [9] Market Data and Key Metrics Changes - Despite a 12% reduction in National Instant Criminal Background Check System checks, the sell-through of products from distributors to retailers increased by 4% in 2021 [10] - Distributor inventories increased by 125,000 units in 2021 but remained below levels needed for rapid fulfillment of retailer demand [15] Company Strategy and Development Direction - The company plans to maintain a disciplined approach to manufacturing excellence and continue developing innovative products, with new launches expected under both Ruger and Marlin brands in 2022 [16] - The expansion of the Mayodan facility in North Carolina is aimed at increasing production capacity for Marlin products, with additional production lines planned [33] Management's Comments on Operating Environment and Future Outlook - Management noted improvements in ammunition availability and a return to more normal inventory levels at retail, although some products remain in tight supply [18][19] - The company is monitoring inflation and has taken price increases to mitigate cost pressures, with no further increases anticipated in the near term [22][23] Other Important Information - The company generated $172 million in cash from operations in 2021 and returned $59 million to shareholders through dividends [7][8] - The current ratio was reported at 4.3:1, with no debt, providing a strong balance sheet for potential acquisitions [6] Q&A Session Summary Question: Comments on ammo availability - Management noted improved availability of core calibers like 9mm and 556, with ammunition companies ramping up production [18] Question: Impact of product availability on mix checks - Management indicated that earlier in 2021, product availability may have impacted numbers, but current retail inventory levels are improving [19] Question: Margin profile for Marlin rifles - Management expects the margin profile for Marlin rifles to be similar to other long-gun lines as production ramps up [20] Question: Update on gross margins - Management attributed solid gross margins to high volume covering fixed overhead, new product performance, and continuous improvement efforts [30][31] Question: Progress on North Carolina facility expansion - The Mayodan facility has expanded, allowing for increased production capacity and better management of finished goods [33] Question: Production adjustments in Q4 - COVID-19 impacted production, and adjustments were made to manage labor and avoid oversupply [39] Question: Demand outlook - Distributor sell-through remains solid, although not at the previous year's levels, with a focus on maintaining healthy inventory levels [41][42] Question: New product sales outlook - Management expects new products to contribute positively, with some legacy products rolling off the two-year sales metric [46]

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, 2021 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 0-4776 STURM, RUGER & COMPANY, I ...

Sturm Ruger & Company, Inc. (NYSE:RGR) Q3 2021 Earnings Conference Call November 4, 2021 9:00 AM ET Company Participants Christopher Killoy - President &CEO Kevin Reid - VP, General Counsel & Corporate Secretary Thomas Dineen - SVP, Treasurer & CFO Conference Call Participants Ryan Meyers - Lake Street Capital Markets Rommel Dionisio - Aegis Capital Ryan Hamilton - Morgan Dempsey Capital Management Operator Good morning and welcome to the Q3 2021 Sturm Ruger Earnings Call. At this time, all participants are ...

Sturm Ruger & Company, Inc. (NYSE:RGR) Q2 2021 Earnings Conference Call August 5, 2021 10:00 AM ET Company Participants Christopher Killoy - President, CEO & Director Kevin Reid - VP, General Counsel & Corporate Secretary Thomas Dineen - SVP, Treasurer & CFO Conference Call Participants Ryan Meyers - Lake Street Capital Markets Ryan Hamilton - Morgan Dempsey Capital Management Operator Ladies and gentlemen, thank you for standing by, and welcome to the Sturm, Ruger Second Quarter 2021 Earnings Conference Ca ...

Sturm, Ruger & Company, Inc. (NYSE:RGR) Q1 2021 Earnings Conference Call May 6, 2021 9:00 AM ET Company Participants Christopher Killoy - President and Chief Executive Officer Kevin Reid - Vice President of General Counsel and Corporate Secretary Thomas Dineen - Senior Vice President and Chief Financial Officer Conference Call Participants Ryan Meyers - Lake Street Capital Markets, LLC Rommel Dionisio - Aegis Capital Corporation Ryan Hamilton - Morgan Dempsey Capital Management, LLC Operator Good day, and t ...

Sturm, Ruger & Company, Inc. (NYSE:RGR) Q4 2020 Earnings Conference Call February 18, 2021 9:00 AM ET Company Representatives Chris Killoy - Chief Executive Officer Tom Dineen - Chief Financial Officer Kevin Reid - General Counsel Conference Call Participants Rommel Dionisio - Aegis Mark Smith - Lake Street Capital Ryan Hamilton - Morgan Dempsey Paul Saferstein - First New York Gavin Richey - Railroad Ranch Operator Ladies and gentlemen, thank you for standing by and welcome to the Sturm, Ruger, Fourth Quar ...

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, 2020 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 0-4776 STURM, RUGER & COMPANY, I ...