Sturm Ruger & Company Inc. Reports Operating Results (10-Q)

Sturm Ruger & Company Inc. (RGR, Financial) filed Quarterly Report for the period ended 2009-07-04.

Sturm Ruger & Co. is principally engaged in the design manufacture and sale of firearms and precision metal investment castings. The company is the only U.S. firearms manufacturer which offers products in all four industry categories. The company\'s firearms consist of single-shot autoloading bolt-action lever action and muzzleloading rifles in a range of hunting calibers; shotguns in three gauges; .22 caliber rimfire autoloading pistols and centerfire autoloading pistols in various calibers; single and double-action and muzzleloading revolvers. Sturm Ruger & Company Inc. has a market cap of $267.1 million; its shares were traded at around $14.03 with a P/E ratio of 21.2 and P/S ratio of 1.5. The dividend yield of Sturm Ruger & Company Inc. stocks is 0.6%.

Highlight of Business Operations:

Earnings per share

Basic $ 0.46 $ 0.05 $ 0.76 $ 0.12

= = = =

Diluted $ 0.45 $ 0.05 $ 0.76 $ 0.12

= = = =





Accumulated

Additional Other

Common Paid-in Retained Treasury Comprehensive

Stock Capital Earnings Stock Loss Total

-



Balance at December 31, 2008 $ 22,799 $ 2,442 $ 93,500 $ (30,153) $ (22,985) $ 65,603



Repurchase of 2,401 shares of common stock - - - (14) - (14)

=

Balance at July 4, 2009 $ 22,817 $ 6,447 $ 106,347 $ (30,167) $ (22,985) $ 82,459

=






Weighted Average Grant Date

Shares Exercise Price Fair Value

-



Outstanding at December 31, 2008 1,420,250 $ 9.02 $ 3.99

Granted 115,900 $ 8.69 $ 4.57

Exercised - - -

Expired - - -

-

Outstanding July 4, 2009 1,536,150 $ 9.00 $ 4.08

-




The aggregate compensation expense for the options granted in the six

months ended July 4, 2009, calculated using the Black-Scholes option-pricing

model, was $0.2 million. This expense, which is a non-cash item, is being

amortized in the Company\'s statements of operations over the vesting periods.

Compensation costs related to all share-based payments recognized in the

statements of operations aggregated $1.9 million and $2.8 million for three and

six months ended July 4, 2009, respectively, and $0.2 million and $0.3 million

for three and six months ended June 28, 2008, respectively.





Three Months Ended Six Months Ended

-

July 4, 2009 June 28, 2008 July 4, 2009 June 28, 2008

-



Net Sales

Firearms $ 71,372 $ 36,839 $ 133,600 $ 76,869

Castings

Unaffiliated 1,018 1,825 2,320 4,301

Intersegment 4,876 2,779 9,039 5,646

-

5,894 4,604 11,359 9,947

Eliminations (4,876) (2,779) (9,039) (5,646)

-

$ 72,390 $ 38,664 $ 135,920 $ 81,170

-



Read the The complete ReportRGR is in the portfolios of Ruane Cunniff of Ruane & Cunniff & Goldfarb Inc.