Ruger(US:RGR)2025-04-30 21:05Financial Performance - For Q1 2025, net sales were $135.7 million, a slight decrease from $136.8 million in Q1 2024, while diluted earnings increased to 46¢ per share from 40¢ per share[3] - Total net income for Q1 2025 was $7.8 million, compared to $7.1 million in Q1 2024, reflecting a year-over-year increase[17] - For the three months ended March 29, 2025, the net income was $7,768,000, an increase from $7,084,000 for the same period in 2024, representing a growth of approximately 9.7%[22] - EBITDA for the same period was $14,296,000, compared to $13,542,000 in the prior year, reflecting an increase of about 5.6%[22] - The EBITDA margin improved to 10.5% in Q1 2025 from 9.9% in Q1 2024, indicating enhanced operational efficiency[22] - The net income margin also increased to 5.7% from 5.2% year-over-year, suggesting better profitability[22] Cash Flow and Investments - Cash provided by operations in Q1 2025 was $11.1 million, with cash and short-term investments totaling $108.3 million as of March 29, 2025[7] - The company declared a quarterly dividend of 18¢ per share, which is approximately 40% of net income[4] - Capital expenditures in Q1 2025 totaled $1.1 million, with expectations to exceed $30 million for the full year to support new product introductions and capacity expansion[7] - Stockholders' equity was $321.4 million, equating to a book value of $19.39 per share, with $6.53 per share in cash and short-term investments[11] Market and Product Performance - New product sales, including the RXM pistol and Marlin lever-action rifles, accounted for $40.7 million or 31.6% of total firearm sales in Q1 2025[7] - The firearms market faced challenges, with retail unit sales declining 9.6% year-over-year, but the company maintained flat sales and profitability[5] - The company plans to expand the availability of key models and increase the speed to market for new products, positioning itself for long-term growth[8] Expenses and Taxation - Income tax expense for Q1 2025 was $1,979,000, slightly higher than $1,963,000 in Q1 2024[22] - Depreciation and amortization expense decreased to $5,571,000 from $5,833,000, showing a reduction of approximately 4.5%[22] - Interest income decreased from $1,355,000 in Q1 2024 to $1,038,000 in Q1 2025, a decline of about 23.4%[22] - Interest expense remained relatively stable, with a slight decrease from $17,000 in Q1 2024 to $16,000 in Q1 2025[22] Shareholder Actions - The company repurchased 79,200 shares of common stock at an average cost of $37.74 per share, totaling $3.0 million in Q1 2025[11] Financial Metrics - The company emphasizes the importance of both GAAP and non-GAAP financial measures for evaluating financial performance[20] - EBITDA is defined as earnings before interest, taxes, depreciation, and amortization, providing insight into the company's operational performance[20]