Killoy made the following observations related to the Company's first quarter 2022 performance: We know that Ruger and Marlin fans alike are eagerly awaiting additional offerings and we look forward to more new product launches in 2022.” We are just scratching the surface of the value that Marlin products and the Marlin brand will bring to Ruger. We continue to increase production volumes and look forward to re-introducing additional Ruger-made Marlin lever-action rifles throughout this year. We are excited to see the ongoing progress of our Marlin product line.
Most recently, the Ruger Custom Shop 10/22 Left-Handed Competition Rifle was awarded the prestigious Golden Bullseye Award as the American Rifleman Rifle of the Year. Killoy reaffirmed the Company's commitment to new product innovation, "Our new product development teams continue to design and create the firearms of the future, many of which are recognized by the industry. Our operations and logistics folks have done a great job navigating the challenges brought about by tight labor markets, transportation issues, and supply chain delays, which allowed for greater flexibility in our production mix and mitigated the impact of these challenges." We prioritize production of our product families in strong demand, often right down to the individual model, in an effort to optimize the inventory mix at each level of the distribution chain. Consequently, we shifted our production mix to allow for a healthy replenishment of Ruger firearms in our warehouses and in the distribution channel, as inventories of many of our product families were depleted in 2020. Killoy commented on the first quarter of 2022, "During the quarter, consumer demand for firearms subsided from the unprecedented levels of the surge that began early in 2020, resulting in the 10% reduction in our sales. This dividend is approximately 40% of net income.Ĭhief Executive Officer Christopher J. This dividend varies every quarter because the Company pays a percentage of earnings rather than a fixed amount per share. The Company also announced today that its Board of Directors declared a dividend of 68¢ per share for the first quarter for stockholders of record as of May 16, 2022, payable on May 31, 2022.
(NYSE: RGR) announced today that for the first quarter of 2022 the Company reported net sales of $166.6 million and diluted earnings of $1.70 per share, compared with net sales of $184.4 million and diluted earnings of $2.16 per share in the first quarter of 2021. Reports First Quarter Diluted Earnings of $1.70 Per Share And Declares Quarterly Dividend of 68¢ Per Share May 04, 2022
0 kommentar(er)
