2024-05-13 16:00:00 ET
Summary
- Sturm, Ruger & Company is undergoing a restructuring that is expected to boost margins and has launched Generation II, which has received significant customer interest.
- Q1 sales are down due to mix effects and increased competition, but the launch of Generation II could help improve margins.
- An election year may also juice volumes and get some of the benefits of operating leverage going to drive earnings growth.
- In all, looks like an interesting prospect considering with EBITDA beat potential on new product releases. A decent play.
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Sturm, Ruger & Company: Generation II Fulfillment Coming