Sturm Ruger Reports 19.3% Revenue Growth and Net Income Turnaround in Latest Quarter

Sturm, Ruger & Company, Inc. reported significant financial improvements in its latest 10-Q filing for the quarter ending June 27, 2026. The company achieved total net sales of $158.1 million, a 19.3% increase from $132.5 million in the same quarter of the previous year. Net firearms sales specifically rose to $157.7 million, up from $131.6 million, reflecting a 19.8% increase. The gross profit for the quarter surged to $33.7 million, compared to just $5.1 million in the prior year, resulting in a gross margin of 21.3%, a substantial increase from 3.9% in the previous year.

For the first half of 2026, Sturm Ruger reported total net sales of $299.4 million, an 11.6% increase from $268.2 million in the first half of 2025. Net firearms sales for this period reached $298.6 million, up from $266.7 million, while gross profit increased to $61.8 million from $35.0 million. The company’s net income for the quarter was $7.0 million, a significant turnaround from a net loss of $17.2 million in the same quarter last year. For the six-month period, net income was $7.1 million, compared to a loss of $9.5 million in the prior year.

Strategically, Sturm Ruger has made several organizational changes, including the appointment of Andrew T. Wieland as Chief Financial Officer in April 2026. The company also entered into an agreement with Beretta Holding S.A. to resolve potential proxy disputes, which is expected to stabilize operations and focus on long-term growth. The company reported new product sales of $80.9 million, accounting for 28.9% of total firearm sales in the first half of 2026, indicating strong market adoption of its latest offerings.

Operationally, the company reported an increase in estimated sell-through of its products from independent distributors to retailers by 11% in the first half of 2026, outpacing a 3% increase in adjusted National Instant Criminal Background Check System (NICS) checks. The company’s finished goods inventory decreased by 16,900 units, while distributor inventories increased by 12,600 units, reflecting strong retail demand. As of June 27, 2026, Sturm Ruger had cash and short-term investments totaling $117.5 million, with a current ratio of 3.3 to 1, indicating a solid liquidity position.

Looking ahead, Sturm Ruger anticipates continued growth driven by its new product lines and operational efficiencies. The company plans to invest between $20 million and $30 million in capital expenditures for new product introductions and upgrades to manufacturing facilities. The board has also authorized a dividend of 21 cents per share, payable on August 28, 2026, reflecting the company's commitment to returning value to shareholders while maintaining a focus on sustainable growth.