Sturm, Ruger & Company Inc. (RGR) reported that its fourth quarter earnings per share declined to $0.58 per share from $1.06 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.67 per share for the fourth quarter. Analysts' estimates typically exclude special items.
Quarterly net sales decreased to $130.6 million from $149.2 million in the prior year. Analysts expected revenue of $133.75 million for the quarter.
The company also announced that its board declared a dividend of 23 per share for the fourth quarter for stockholders of record as of March 15, 2024, payable on March 28, 2024.
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