By Connor Hart
Sturm Ruger posted higher profit and revenue in the fourth quarter despite continued softness in the firearm market.
The Southport, Conn.-based company, which makes sporting firearms, on Wednesday posted a profit of 62 cents a share, up from 58 cents a share a year earlier.
Revenue rose to $145.8 million from $130.6 million.
Chief Executive Christopher Killoy said he is pleased with the company's sales growth and improved profitability given that consumer demand remains soft, as adjusted NICS checks decreased 6% from the prior year.
NICS is the FBI's national system that checks records on persons who may be disqualified from receiving firearms.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
February 19, 2025 17:33 ET (22:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。