Ruger FY2019 Q3 earnings report...

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climbnjump

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Since the sale of Savage by Vista Outdoor to a private entity last summer, I think there are two publicly traded firearms companies remaining, of which Ruger is one. They reported quarterly earnings today which can be reviewed here:

https://www.ruger.com/corporate/PDF/ER-2019-11-07.pdf

Sales are certainly down significantly and the report goes into some detail as to why. Company shares are taking a hit in after hours trading this evening. (I have no idea which direction they are headed from here.)

For those folks who might be inclined to listen to the earnings call, it will be held the morning of November 8 at 9 am Eastern time by phone: 855-871-7398 participant code 2554387. They can sometimes be interesting to hear about the state of affairs from the standpoint of a manufacturer and once in a while, there can be a hint of new products in the works.
 
Sales are certainly down significantly and the report goes into some detail as to why.

In 2010 I analyzed Smith and Wesson's 10K report for a college project. S&W's financials had dramatically improved for reasons which may, or may not, be allowed on THR for discussion. I will, however, simply quote a statement on the 10K report which explains the above. It isn't rocket science.

This is S&W's official summary of their incredibly good fortune for that period. And, their explanation as to how they came out of a very bleak financial period.

“Political and other factors also can affect our performance. For example, we experienced strong consumer demand for our handguns and modern sporting rifle products beginning in our third fiscal quarter ended January 31, 2009, following a new administration taking office in Washington, D.C., speculation surrounding increased gun control…….”

Like I said, it's not rocket science.
 
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