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.
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