Sturm, Ruger's 1Q Profit Tumbles Amid Organizational Changes, Beretta Agreement

Dow Jones05-07

By Christopher Kuo

Sturm, Ruger & Co.'s profit plummeted in the first quarter as it incurred expenses related to a recent workforce reduction and a strategic agreement with Beretta Holdings.

The Southport, Conn.-based company, which makes sporting firearms, on Wednesday posted a profit of $128,000, or 1 cent a share, compared with $7.8 million, or 46 cents a share, a year earlier.

Revenue rose 4.1% to $141.4 million.

The company incurred $3.2 million in expenses associated with negotiating a strategic cooperation agreement with Beretta Holding. The company also recorded expenses of $2.5 million associated with a workforce reduction in February, and it recorded a one-time non-recurring expense of $1.7 million.

Adjusted earnings per share came in at 27 cents.

Write to chris.kuo@wsj.com

(END) Dow Jones Newswires

May 06, 2026 17:04 ET (21:04 GMT)

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