Sturm Ruger & Company (ST2) Q3 2026 Earnings Report
DE:ST2 Q3 2026 EPS Results
- Actual EPS
- EUR 0.39
- Consensus EPS
- EUR 0.33
- Beat/Miss
- Beat by +EUR 0.06
- One Year Ago EPS
- EUR 0.10
DE:ST2 Q3 2026 Revenue Results
- Actual Revenue
- EUR 131.15M
- Expected Revenue
- EUR 116.43M
- Beat/Miss
- Beat by +EUR 14.72M
- YoY Revenue Growth
- +16.44%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- After Close
- Conference Call
- Wednesday, November 4, 2026
Sturm Ruger & Company's next earnings date is estimated for February 24, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was predominantly positive, with strong sales growth, substantially improved profitability, a healthy balance sheet, near-term record production, positive distributor inventory and demand commentary, and progress on operational and product-development initiatives. The main challenges were lower product mix-related average selling prices, low demand in certain categories, and the suspension or completion of production for product families representing roughly 4% of unit production and roughly $25 million of revenue.
The company expects capital expenditures to total approximately $30 million for the year. It will suspend production of a limited number of product families and complete final 2026 production and allocation of several others, collectively representing roughly 4% of total unit production or roughly $25 million of total revenues, despite generating minimal to no profitability. It anticipates introducing numerous new and innovative models over the coming months, with launches planned over the next 3 to 4 months, and said it is on track for the amount of new product launched within a year and within a quarter.
- Strong Third-Quarter Sales GrowthThird-quarter net sales were $148 million, up 17% from $127 million in the third quarter of 2025. Management also reported year-over-year and sequential sales growth during the quarter.
- Significant Profitability ImprovementAdjusted EBITDA increased to $14 million from $3 million in the prior-year quarter, while adjusted EBITDA margin was 10%. Management attributed the margin to favorable product mix, continued premiumization within existing product families, and improved manufacturing efficiencies.
- Higher Earnings Per ShareDiluted earnings increased to $0.36 per share from $0.10 per share in the prior-year period. Adjusted diluted earnings increased to $0.44 per share from $0.10 per share.
- Year-to-Date Sales GrowthNet sales for the first nine months were $447 million, an increase of 13% over the same period in 2025.
- Strong Balance Sheet and Shareholder ReturnsCash generated from operations was $24 million in the first nine months. At quarter end, cash and short-term investments totaled $101 million, the current ratio was 3-to-1, and the company had no debt. The board declared a quarterly dividend of $0.18 per share, and the company returned $6.4 million to shareholders through dividends during the first nine months.
- Manufacturing Investment and Near-Term Record OutputThe company continued modernizing its manufacturing operations and investing in additional capacity where it had backlog. Management described quarterly production as a near-term record, driven by product rationalization, capacity investment, greater product-mix flexibility, improved planning, and employee alignment across facilities.
- Enterprise Systems and Operating DisciplineDuring the quarter, Ruger implemented its new Oracle Enterprise platform and continued expanding the Ruger Business System. Management said the systems provide faster access to information, improved business processes, and greater accountability.
- Product Portfolio Focus and Innovation PipelineManagement announced portfolio decisions intended to reduce complexity and align people, equipment, and capital with products and markets offering greater consumer demand, profitability, and long-term growth opportunities. The company said portfolio rationalization is creating capacity to accelerate product innovation and anticipates introducing numerous new and innovative models over the coming months.
- Progress Against 2026 PrioritiesManagement said it had made measurable progress on its five 2026 priorities: improving profitability, aligning factory capacity with demand, right-sizing the business to the future product portfolio, increasing output on proven high-demand product lines, and expanding into new markets through complete product ecosystems.
- Healthy Backlog, Distributor Inventory, and Consumer DemandManagement said the backlog remained healthy, distributor inventory was at a satisfactory level, and third-quarter consumer demand was viewed positively. The company said distributors were in a healthy inventory position heading into the fall season and the fourth-quarter holiday period.
- New Product Launches on TrackManagement said the company was happy with progress in aligning its new-product-development process and was on track for planned launches over the next 3 to 4 months, including marketing and sales programs to support the introductions.
- Headcount Actions Delivering SavingsManagement said savings from actions taken earlier in the year were flowing through and would continue to flow through. The company said the related positions had not been replaced and that resource allocation decisions were supporting its focus on new-product development.
- Capital Investment Plan MaintainedCapital expenditures totaled $9 million in the first nine months, and management continued to expect approximately $30 million of capital expenditures for the full year.
DE:ST2 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 24, 2027 | 2026 (Q4) | 0.48- | 0.23 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | 0.330.39 | 0.1 | 300.00% (+0.29) | |
| Jul 29, 2026 | 2026 (Q2) | 0.370.46 | 0.36 | 26.83% (+0.10) | |
| May 06, 2026 | 2026 (Q1) | 0.300.24 | 0.41 | -41.30% (-0.17) | |
| Mar 04, 2026 | 2025 (Q4) | 0.220.23 | 0.55 | -58.06% (-0.32) | |
| Nov 06, 2025 | 2025 (Q3) | 0.320.10 | 0.25 | -60.71% (-0.15) | |
| Jul 31, 2025 | 2025 (Q2) | 0.340.36 | 0.42 | -12.77% (-0.05) | |
| Apr 30, 2025 | 2025 (Q1) | 0.580.41 | 0.36 | 15.00% (+0.05) | |
| Feb 19, 2025 | 2024 (Q4) | 0.550.55 | 0.52 | 6.90% (+0.04) | |
| Oct 30, 2024 | 2024 (Q3) | 0.500.25 | 0.37 | -33.33% (-0.12) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
