Source: Author's Ruger Precision Rifle in 300 PRC
On Thursday, February 20th, Sturm, Ruger & Company (NYSE:RGR) reported their Q4 FY2019 earnings results.
Despite a year over year drop in results, the company was able to surpass financial expectations, signaling positioning strength heading into 2020.
Are there opportunities for investors? Let's dive in!
Earnings Results
For the quarter, the company reported net sales of $105.1 million. This is down $16 million, or 13.2% from $121.1 million a year ago.
The diluted earnings per share were $0.46, down from $0.69 a year earlier.