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Summary: "Ruger’s third-quarter profit rose to $5.8 million as firearm sales climbed 16.4%, while the company narrows its product lineup to focus on higher-demand, more profitable lines."
By comparison, Ruger had $1.58 million in net income a year ago.
Sales rose 16.4% to $147.6 million.
Diluted earnings were 36 cents per share, compared with 10 cents a year ago.
Adjusted earnings were 44 cents, compared with 11 cents a year ago.
Ruger said it took an 8-cent charge related to the cost of its stockholder rights initiative during negotiations with its largest investor, Beretta Holding SA.
Summary: "Ruger’s third-quarter profit rose to $5.8 million as firearm sales climbed 16.4%, while the company narrows its product lineup to focus on higher-demand, more profitable lines."
By comparison, Ruger had $1.58 million in net income a year ago.
Sales rose 16.4% to $147.6 million.
Diluted earnings were 36 cents per share, compared with 10 cents a year ago.
Adjusted earnings were 44 cents, compared with 11 cents a year ago.
Ruger said it took an 8-cent charge related to the cost of its stockholder rights initiative during negotiations with its largest investor, Beretta Holding SA.