Firearms maker Sturm, Ruger & Co. Inc. (RGR) Monday reported first-quarter net income of $23.7 million or $1.20 per share, up from $15.5 million or $0.79 per share last year.
On average, three analysts polled by Thomson Reuters expected the company to earn $1.01 per share for the quarter. Analysts' estimates typically exclude special items.
Total net sales for the quarter grew to $155.9 million from $112.3 million last year.
The company also declared a dividend of $0.49 per share for the first quarter, payable on May 24 to shareholders on record as of May 10.
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