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Ruger(RGR) - 2020 Q2 - Earnings Call Transcript
2020-07-30 19:07
Sturm, Ruger & Company, Inc. (NYSE:RGR) Q2 2020 Earnings Conference Call July 30, 2020 9:00 AM ET Company Participants Kevin Reid - General Counsel Chris Killoy - Chief Executive Officer Tom Dineen - Chief Financial Officer Conference Call Participants Ryan Hamilton - Morgan Dempsey Mark Smith - Lake Street Capital Operator Ladies and gentlemen, thank you for standing by, and welcome to the Sturm, Ruger Second Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. A ...
Ruger(RGR) - 2020 Q1 - Earnings Call Transcript
2020-05-07 18:06
Sturm, Ruger & Company Inc. (NYSE:RGR) Q1 2020 Earnings Call May 7, 2020 9:00 AM ET Company Participants Chris Killoy - Chief Executive Officer Kevin Reid - General Counsel Tom Dineen - Chief Financial Officer Conference Call Participants Mark Smith - Lake Street Ryan Hamilton - Morgan Dempsey Capital Management, LLC Operator Ladies and gentlemen, thank you for standing by, and welcome to the First Quarter Sturm, Ruger Earnings Conference Call. At this time, all participants are in a listen-only mode. After ...
Ruger(RGR) - 2019 Q4 - Earnings Call Transcript
2020-02-21 06:26
Sturm, Ruger & Company, Inc. (NYSE:RGR) Q4 2019 Earnings Conference Call February 20, 2020 9:00 AM ET Company Participants Christopher Killoy - President and Chief Executive Officer Kevin Reid - Vice President and General Counsel Thomas Dineen - Chief Financial Officer Conference Call Participants Ryan Hamilton - Morgan Dempsey Capital Management LLC Operator Ladies and gentlemen, thank you for standing by and welcome to the Quarter 2019 Sturm, Ruger Earnings Conference Call. At this time all participants a ...
Ruger(RGR) - 2019 Q4 - Annual Report
2020-02-19 22:58
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (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, 2019 FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTION 13 OR 15(d) THE SECURITIES EXCHANGE ACT OF 1934 OR (Registrant's telephone number, including area code) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to ________ Co ...
Ruger(RGR) - 2019 Q3 - Earnings Call Transcript
2019-11-08 20:44
Financial Data and Key Metrics Changes - For Q3 2019, net sales were $95 million, down from $114.9 million in the same period last year, and diluted earnings per share decreased to $0.27 from $0.52 [5][6] - For the first nine months of 2019, net sales totaled $305.4 million compared to $374.5 million in 2018, with diluted earnings per share dropping to $1.37 from $2.19 [5][6] - Cash and short-term investments were $137.3 million as of September 28, 2019, with a current ratio of 4.7:1 and no debt [7] Business Line Data and Key Metrics Changes - New product sales accounted for $71 million or 23% of firearm sales in the first nine months of 2019, with 120 new distributor exclusives and product line extensions launched [11] - Total unit production in Q3 2019 was 4% below Q2 2019, with a 15% decrease in sales value of production [12] Market Data and Key Metrics Changes - Adjusted NICS background checks, used as a proxy for consumer firearms demand, increased by 7% in Q3 2019, but decreased by 2% for the nine months ended September 28, 2019 [10] - The market experienced soft demand throughout the year, attributed to aggressive promotions and the loss of a significant distributor [9] Company Strategy and Development Direction - The company has opted to reduce production to moderate inventory levels rather than engage in aggressive discounting, aiming for long-term brand value [9] - The capital allocation strategy focuses on maintaining financial strength and returning cash to shareholders, with over $230 million returned in the past five years [15] Management's Comments on Operating Environment and Future Outlook - Management noted that the market remains soft, with cautious buying from retailers due to anticipated further discounting [9] - The company is optimistic about new product development and expects to continue launching new products [14] Other Important Information - The company declared a quarterly dividend of $0.11 per share, approximately 40% of net income, payable on November 27, 2019 [8] - Ruger was recognized as the Firearms Manufacturer of the Year for the 13th consecutive year at the NASGW annual meeting [16] Q&A Session Summary Question: Can you provide more details on the quarter's cadence? - July was slow due to a maintenance shutdown, but sales picked up in September, typical for the fall hunting season [18] Question: Are there any shortages in talent? - No significant shortages were reported, and hiring is being managed cautiously [21] Question: How is the discounting environment in 2019 compared to previous years? - Significant discounting is observed, particularly in the centerfire pistol and AR categories [27] Question: What is the impact of the distributor bankruptcy on the market? - The situation is improving, but the loss of a significant distributor has long-term effects on credit extension to retailers [84] Question: Is the company considering acquisitions? - The company is open to exploring acquisition opportunities but will conduct thorough due diligence [48]
Ruger(RGR) - 2019 Q2 - Earnings Call Transcript
2019-08-01 16:57
Sturm, Ruger & Company Inc. (NYSE:RGR) Q2 2019 Earnings Conference Call August 1, 2019 9:00 AM ET Company Participants Christopher Killoy - President and CEO Kevin Reid - General Counsel Thomas Dineen - CFO Conference Call Participants Brian Rafn - Morgan Dempsey Maks Netrebov - 2A Media Inc. Joe Edelstein - Johnson Asset Management Operator Good day, ladies and gentlemen, and welcome to the Q2 2019, Sturm, Ruger Earnings Conference Call. [Operator Instructions] Also as a reminder, this conference call is b ...
Sturm, Ruger & Company, Inc. (RGR) Presents at Annual Meeting of Shareholders (Transcript)
2019-05-08 19:04
Sturm, Ruger & Company, Inc. (NYSE:RGR) Annual Meeting of Shareholders Call May 8, 2019 9:00 AM ET Company Participants Charles Jacobi - Chairman Ronald Whitaker - Director Kevin Reid - VP, General Counsel & Corporate Secretary Sandra Froman - Director Christopher Killoy - President, CEO & Director Phillip Widman - Director Conference Call Participants Charles Jacobi Good morning. Unidentified Company Representative Good morning. Charles Jacobi I want to personally welcome you to the 2019 Sturm, Ruger & Com ...
Ruger(RGR) - 2018 Q4 - Earnings Call Transcript
2019-02-21 20:00
Sturm, Ruger & Company Inc. (NYSE:RGR) Q4 2018 Earnings Conference Call February 21, 2019 9:00 AM ET Company Participants Christopher Killoy - President and Chief Executive Officer Kevin Reid - Vice President and General Counsel Thomas Dineen - Chief Financial Officer Conference Call Participants Rommel Dionisio - Aegis Capital Corporation Brian Rafn - Morgan Dempsey Capital Management, LLC Operator Good day, ladies and gentlemen, and welcome to the Q4 2018, Sturm, Ruger Earnings Conference Call. At this ti ...
Ruger(RGR) - 2018 Q4 - Annual Report
2019-02-20 22:02
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) Ö ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 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 & COMP ...