Sturm Ruger (RGR) Q4 Revenue Misses Consensus
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Sturm, Ruger & Company, Inc. Reports 2017 Diluted Earnings of $2.91 Per Share and Declares Dividend of 23¢ Per Share
February 21, 2018 5:05 PM ESTSOUTHPORT, Conn.--(BUSINESS WIRE)-- Sturm, Ruger & Company, Inc. (NYSE: RGR) announced today that for 2017 the Company reported net sales of $522.3 million and diluted earnings of $2.91 per share, compared with net sales of $664.3 million and diluted earnings of $4.59 per share in 2016.
For the fourth quarter of 2017, net sales were $118.2 million and diluted earnings were $0.59 per share. The recently enacted Tax Cuts and Jobs Act positively impacted earnings by $0.03 per share. For the corresponding period in 2016, net sales were $161.8 million and diluted earnings were $1.10 per share.
The Company also announced today that its... More
