Sturm Ruger & Co Inc (RGR) reported a profit for the first quarter that has seen a decline compared to the same period in the previous year.
In this recent quarter, the company's earnings amounted to $7.08 million, equivalent to $0.40 per share. In comparison, the first quarter of the previous year had a stronger performance with earnings of $14.3 million or $0.81 per share.
In terms of revenue for the quarter, the company suffered a downturn with a drop of 8.4%, resulting in $136.8 million from $149.4 million last year.
Observing Sturm Ruger & Co Inc's earnings at a glance using Generally Accepted Accounting Principles (GAAP):
- The earnings in Q1 are recorded at $7.08 million, considerably lower opposed to the $14.3 million during the same period last year.
- The Earnings Per Share (EPS) in the first quarter were $0.40, against last year’s $0.81.
- Revenue for Q1 of this year was $136.8 million, down from $149.4 million the previous year.
