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Ruger(RGR) - 2024 Q4 - Annual Results
RGRRuger(RGR)2025-02-19 22:03

Financial Performance - In 2024, Sturm, Ruger reported net sales of 535.6million,adecreaseof1.9535.6 million, a decrease of 1.9% from 543.8 million in 2023, with diluted earnings per share of 1.77comparedto1.77 compared to 2.71 in 2023[4] - For Q4 2024, net sales were 145.8million,up11.5145.8 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,adecreaseof1.9535,643, a decrease of 1.9% from 543,767 in 2023[18] - Gross profit for 2024 was 114,415,down14.3114,415, down 14.3% from 133,619 in 2023[18] - Operating income decreased to 31,654in2024,adeclineof39.231,654 in 2024, a decline of 39.2% compared to 52,084 in 2023[18] - Net income for 2024 was 30,563,representinga36.730,563, representing a 36.7% decrease from 48,215 in 2023[18] - Basic Earnings Per Share (EPS) for 2024 was 1.79,down34.51.79, down 34.5% from 2.73 in 2023[18] - EBITDA for 2024 was 55,055,adecreaseof27.555,055, 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 159.3million,or32159.3 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 55.5million,withcashandshort−terminvestmentstotaling55.5 million, with cash and short-term investments totaling 105.5 million at year-end[9] - The company returned 46.2milliontoshareholdersin2024,including46.2 million to shareholders in 2024, including 11.8 million in dividends and 34.4millioninstockrepurchases[9]−Dividendspaidin2024were34.4 million in stock repurchases[9] - Dividends paid in 2024 were 11,829, a significant decrease from 110,789in2023[19]−Thecompanydeclaredadividendof24¢pershareforQ42024,representingapproximately40110,789 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 19.03pershare[10]−Totalcurrentliabilitiesincreasedto19.03 per share[10] - Total current liabilities increased to 60,809,963 from 31,708,000[17]−Tradeaccountspayableandaccruedexpensesamountedto31,708,000[17] - Trade accounts payable and accrued expenses amounted to 35,750,000, up from 31,708,000[17]−Totalstockholders′equityreached31,708,000[17] - Total stockholders' equity reached 31,958,233, compared to 31,721,000inthepreviousyear[17]−Totalliabilitiesandstockholders′equitydecreasedto31,721,000 in the previous year[17] - Total liabilities and stockholders' equity decreased to 384,034 from 398,817[17]−Employeecompensationandbenefitsliabilitieswerereportedat398,817[17] - Employee compensation and benefits liabilities were reported at 18,824,242[17] - Product liability accrued was 6,146,000[17]−Commonstockoutstandingdecreasedfrom17,458,620to16,790,824shares[17]−Retainedearningsincreasedto6,146,000[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]−Totalliabilitiesamountedto415,058,000[17] - Total liabilities amounted to 352,076,000, a decrease from the previous year's 367,000,000[17]CapitalExpenditures−Capitalexpendituresfor2024were367,000,000[17] Capital Expenditures - Capital expenditures for 2024 were 20.8 million, with expectations of approximately $20 million in 2025[9]