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MAYODAN, N.C.--(BUSINESS WIRE)--Sturm, Ruger & Company, Inc. (NYSE: RGR) will announce its financial results for the second quarter 2026 and file its Quarterly Report on Form 10-Q on Wednesday, July 29, 2026, after the close of the stock market. That evening, Sturm, Ruger will host a webcast at 4:30 p.m. ET to discuss the second quarter 2026 operating results. Interested parties can listen to the webcast via this link. Those who wish to ask questions during the webcast will need to pre-regi.

Highlights from the May 2026 Surface Sampling Program Include: Up to 46.3 g/t gold and 1,030 g/t silver in channel samples Up to 67.1 g/t gold in grab samples Up to 26.1 g/t gold and 348 g/t silver in rock chip samples VANCOUVER, BC / ACCESS Newswire / July 6, 2026 / Rio Grande Resources Ltd. (CSE:RGR)(OTCQB:RGRLF) ("Rio Grande" or "RIO" the "Company"), is pleased to announce results from its recently completed Phase Two surface sampling and structural mapping program (see news release dated May 6, 2026) at its 100%-owned Winston Gold-Silver Project ("Winston" or the "Project") in New Mexico.

MAYODAN, N.C.--(BUSINESS WIRE)--Sturm, Ruger & Company, Inc. (NYSE: RGR) (“Ruger” or the “Company”) today announced the launch of ruger.com/proxy2026, a website dedicated to hosting materials relating to the Company's 2026 Annual Meeting of Shareholders (the “Annual Meeting”). The website provides shareholders with detailed information on the recently refreshed Ruger Board, which includes five new directors who have joined over the past year. The website also includes information on the Com.

Beretta Holding has attempted to increase its stake in Sturm, Ruger & Company, the latest move in an escalating dispute between the two firearms makers.

MAYODAN, N.C.--(BUSINESS WIRE)--Sturm, Ruger & Company, Inc. (NYSE: RGR) is proud to announce the appointment of Andrew Wieland as Senior Vice President and Chief Financial Officer, following the planned transition of Tom Dineen. In this role, Mr. Wieland will lead all financial operations, including forecasting, corporate budgeting, financial reporting and evaluation of potential investment opportunities. This leadership position is central to the continued execution of Ruger's long-term p.

Malibu Boats (NASDAQ:MBUU – Get Free Report) and Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Free Report) are both small-cap consumer discretionary companies, but which is the superior business? We will contrast the two companies based on the strength of their valuation, earnings, profitability, analyst recommendations, risk, institutional ownership and dividends.

Valuation and Earnings This table compares Malibu Boats and Sturm, Ruger & Company, Inc.”s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Malibu Boats $819.06 million 0.59 $14.88 million $0.73 35.38 Sturm, Ruger & Company, Inc. $546.06 million 1.21 -$4.39 million ($0.28) -147.84 Malibu Boats has higher revenue and earnings than Sturm, Ruger & Company, Inc.. Sturm, Ruger & Company, Inc. is trading at a lower price-to-earnings ratio than Malibu Boats, indicating that it is currently the more affordable of the two stocks.

Analyst Recommendations This is a breakdown of recent ratings and price targets for Malibu Boats and Sturm, Ruger & Company, Inc., as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Malibu Boats 1 3 1 1 2.33 Sturm, Ruger & Company, Inc. 2 0 1 0 1.67 Malibu Boats currently has a consensus price target of $32.40, suggesting a potential upside of 25.44%. Sturm, Ruger & Company, Inc. has a consensus price target of $43.00, suggesting a potential upside of 3.88%. Given Malibu Boats’ stronger consensus rating and higher probable upside, equities analysts plainly believe Malibu Boats is more favorable than Sturm, Ruger & Company, Inc..

Volatility & Risk Malibu Boats has a beta of 1.22, meaning that its share price is 22% more volatile than the S&P 500. Comparatively, Sturm, Ruger & Company, Inc. has a beta of 0.15, meaning that its share price is 85% less volatile than the S&P 500.

Insider and Institutional Ownership 91.3% of Malibu Boats shares are owned by institutional investors. Comparatively, 64.0% of Sturm, Ruger & Company, Inc. shares are owned by institutional investors. 1.2% of Malibu Boats shares are owned by company insiders. Comparatively, 4.6% of Sturm, Ruger & Company, Inc. shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Profitability This table compares Malibu Boats and Sturm, Ruger & Company, Inc.’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Malibu Boats 1.76% 4.25% 2.95% Sturm, Ruger & Company, Inc. -0.80% 6.93% 5.76% Summary Malibu Boats beats Sturm, Ruger & Company, Inc. on 10 of the 14 factors compared between the two stocks.

About Malibu Boats (Get Free Report)

Malibu Boats, Inc. designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands. Its products are used for a range of recreational boating activities, including water sports, such as water skiing, wakeboarding, and wake surfing; and general recreational boating and fishing. The company sells its products through independent dealers in North America, Europe, Asia, the Middle East, South America, South Africa, and Australia/New Zealand. Malibu Boats, Inc. was founded in 1982 and is based in Loudon, Tennessee.

About Sturm, Ruger & Company, Inc. (Get Free Report)

Sturm, Ruger & Co., Inc. engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors. The Castings segment offers steel investment castings and metal injection molding parts. The company was founded by William B. Ruger in 1949 and is headquartered in Southport, CT.

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Malibu Boats (NASDAQ:MBUU – Get Free Report) and Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Free Report) are both small-cap consumer discretionary companies, but which is the superior stock? We will contrast the two businesses based on the strength of their dividends, valuation, risk, profitability, analyst recommendations, earnings and institutional ownership.

Volatility & Risk Malibu Boats has a beta of 1.22, suggesting that its stock price is 22% more volatile than the S&P 500. Comparatively, Sturm, Ruger & Company, Inc. has a beta of 0.15, suggesting that its stock price is 85% less volatile than the S&P 500.

Institutional & Insider Ownership 91.4% of Malibu Boats shares are held by institutional investors. Comparatively, 64.0% of Sturm, Ruger & Company, Inc. shares are held by institutional investors. 1.2% of Malibu Boats shares are held by company insiders. Comparatively, 4.6% of Sturm, Ruger & Company, Inc. shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Valuation & Earnings This table compares Malibu Boats and Sturm, Ruger & Company, Inc.”s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Malibu Boats $807.56 million 0.61 $14.88 million $0.73 36.21 Sturm, Ruger & Company, Inc. $546.06 million 1.23 -$4.39 million ($0.28) -150.96 Malibu Boats has higher revenue and earnings than Sturm, Ruger & Company, Inc.. Sturm, Ruger & Company, Inc. is trading at a lower price-to-earnings ratio than Malibu Boats, indicating that it is currently the more affordable of the two stocks.

Analyst Recommendations This is a summary of recent recommendations for Malibu Boats and Sturm, Ruger & Company, Inc., as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Malibu Boats 1 3 1 1 2.33 Sturm, Ruger & Company, Inc. 2 0 1 0 1.67 Malibu Boats presently has a consensus price target of $32.40, suggesting a potential upside of 22.59%. Sturm, Ruger & Company, Inc. has a consensus price target of $43.00, suggesting a potential upside of 1.73%. Given Malibu Boats’ stronger consensus rating and higher probable upside, equities analysts plainly believe Malibu Boats is more favorable than Sturm, Ruger & Company, Inc..

Profitability This table compares Malibu Boats and Sturm, Ruger & Company, Inc.’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Malibu Boats 1.76% 4.25% 2.95% Sturm, Ruger & Company, Inc. -0.80% 6.93% 5.76% Summary Malibu Boats beats Sturm, Ruger & Company, Inc. on 10 of the 14 factors compared between the two stocks.

About Malibu Boats (Get Free Report)

Malibu Boats, Inc. designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands. Its products are used for a range of recreational boating activities, including water sports, such as water skiing, wakeboarding, and wake surfing; and general recreational boating and fishing. The company sells its products through independent dealers in North America, Europe, Asia, the Middle East, South America, South Africa, and Australia/New Zealand. Malibu Boats, Inc. was founded in 1982 and is based in Loudon, Tennessee.

About Sturm, Ruger & Company, Inc. (Get Free Report)

Sturm, Ruger & Co., Inc. engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors. The Castings segment offers steel investment castings and metal injection molding parts. The company was founded by William B. Ruger in 1949 and is headquartered in Southport, CT.

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VANCOUVER, BC / ACCESS Newswire / April 30, 2026 / Rio Grande Resources Ltd. (CSE:RGR)(OTCQB:RGRLF) ("Rio Grande" or "RIO" the "Company"), is pleased to announce results from its recently completed airborne magnetic and radiometric geophysical surveys conducted at its Winston Gold-Silver Project (the "Winston Project" or the "Project") located in the Black Range Mountains of Sierra County, New Mexico.

MAYODAN, N.C.--(BUSINESS WIRE)--Sturm, Ruger & Company, Inc. (NYSE: RGR) (“Ruger” or the “Company”) today announced that it has entered a Strategic Cooperation Agreement (“Agreement”) with Beretta Holding S.A. (“Beretta Holding”), the Company's largest shareholder. The Agreement reflects a shared commitment to long-term value creation, constructive engagement, and stability for Ruger's shareholders, employees, customers and industry partners. Under the terms of the Agreement, Ruger is expec.

VANCOUVER, BC / ACCESS Newswire / May 6, 2026 / Rio Grande Resources Ltd. (CSE:RGR)(OTCQB:RGRLF) ("Rio Grande" or "RIO" the "Company"), is pleased to announce a second phase of field sampling and mapping in support of planning efforts for its upcoming Phase 1 drill program at the Winston Gold-Silver Project ("Winston" or the "Project"), located in the Black Range Mountains of Sierra County, New Mexico. The field program is being carried out by Dahrouge Geological Consulting USA Ltd. ("Dahrouge") and is expected to include approximately seven days of detailed structural mapping and surface sampling during the second week of May 2026.

The upcoming fieldwork represents the next step in a systematic exploration approach following the Company's recent high-grade surface sampling results, which returned up to 41.2 g/t gold and 1,435 g/t silver from the Poverty Creek area (see news release February 19, 2026), as well as the completion of an airborne magnetic and radiometric survey that identified key structural corridors and zones of potential hydrothermal alteration across the property. The program is designed to integrate and ground-truth these datasets through detailed structural mapping and systematic sampling, with the objective of refining and prioritizing high-confidence drill targets for the Phase 1 Drill Program.

Field Program Focus and Objectives
The field program will focus on the Poverty Creek area, the Ivanhoe and Emporia patented claims, and additional target areas identified through interpretation of the recently completed airborne geophysical survey (see Figure 1). These areas were selected to follow up on previously reported high-grade surface sampling results and geophysical responses interpreted to reflect structural corridors and potential zones of hydrothermal alteration. Detailed structural mapping of vein orientations, fault systems, and alteration zones will be carried out alongside systematic sampling of in situ vein exposures.

Figure 1. Priority field target areas at the Winston Project, including Poverty Creek, Ivanhoe, and Emporia, identified through integration of surface sampling results and interpretation of airborne magnetic and radiometric data

Jason Barnard, Rio Grande's CEO commented: "This next phase of fieldwork is a key step in advancing the Winston Project toward drilling and unlocking the broader potential of the property. By integrating our recent high-grade sampling results with airborne geophysical data, we are focusing on structurally controlled targets that we believe offer strong discovery potential. This program is designed to refine and prioritize those targets, allowing us to move toward our Phase 1 Drill Program with a disciplined, data-driven approach while continuing to build value for shareholders."

Channel sampling will be the primary method used to evaluate vein continuity and grade distribution, with rock chip samples collected where channel sampling is not feasible (see Figure 2). This approach is consistent with the Company's December 2025 field program, where channel and rock chip sampling were used to evaluate exposed in situ veins, vein outcrops, subcrops, and historic workings. Data collected during the current program will be used to refine the Company's understanding of structural controls on mineralization and to finalize priority drill targets for the upcoming Phase 1 Drill Program.

Figure 2. Geologist preparing an in situ vein exposure for channel sampling during the December 2025 field program

Next Steps

The data collected during the program will be integrated with previously reported surface sampling results and the recently completed airborne geophysical survey to refine the Company's understanding of structural controls on mineralization across the property. This integrated dataset will be used to prioritize high-confidence drill targets based on structural continuity, association with known mineralization, and favorable geological characteristics ahead of the Phase 1 Drill Program.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Mr. Jacob Anderson CPG, MAusIMM, a Qualified Person as defined under National Instrument 43-101. Mr. Anderson is independent of Rio Grande Resources.

The Qualified Person has reviewed the sampling procedures, analytical methods, and results disclosed herein and is satisfied that the information has been accurately presented. Verification included a review of field procedures, sample locations, and consistency with historical records.

About Rio Grande Resources

Rio Grande Resources (CSE:RGR)(OTCQB:RGRLF) is a burgeoning mineral exploration company focused on unlocking the high-grade gold and silver potential within its 3,000-acre drill-ready property in the Black Range of Sierra County, New Mexico. The company holds 100% interest in the Winston project group, which includes the 2 patented historic Ivanhoe & Emporia Claims, and Little Granite mines, all known for their past production of high-grade precious metals. Rio Grande Resources is led by a team of experienced professionals with expertise in mineral exploration and development, who are targeting large-scale precious metal discoveries within the property's well-documented low-sulfidation epithermal setting.

To view the company fact sheet and corporate presentation, please visit our website at www.riogranderesources.ca

Contact and Information

Company
Jason Barnard, CEO and Director
(604) 767-6598
[email protected]

Follow us or contact us on social media
X: @RioGrandeRGR
LinkedIn: https://www.linkedin.com/company/rio-grande-resources-ltd/
Facebook: facebook.com/profile.php?id=61572800435230

Forward-Looking Statements

Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute "forward-looking statements" as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements. Such forward-looking statements and forward-looking information include, but are not limited to, the proposed benefits of the Arrangement. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect," "is expected," "anticipates" or "does not anticipate," "plans," "estimates" or "intends," or stating that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements. The Company cautions that the identification of structural features or geophysical anomalies does not necessarily indicate the presence of economic mineralization, and there can be no assurance that the Company's geological interpretation or exploration objectives will result in a discovery. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, continuity of agreements with third parties, the satisfaction of the conditions to the Arrangement, risks and uncertainties associated with the environment and delays in obtaining governmental approvals, permits or financing. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company's filings on SEDAR+. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. Please refer to the Company's most recent filings under its profile on SEDAR+ at www.sedarplus.ca for further information respecting the risks affecting the Company and its business.

The CSE has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

SOURCE: Rio Grande Resources

Delivered First Quarter Net Sales of $141.4 Million

New Products Accounted for $51.6 Million or 41% of Firearm Sales

Earnings per Share was $0.01, Adjusted Earnings per Share was $0.27

Generated $18.8 Million of Cash from Operations

Declares Quarterly Dividend of $0.11 Per Share

MAYODAN, N.C.--(BUSINESS WIRE)--Sturm, Ruger & Company, Inc. (NYSE: RGR) (“Ruger” or the “Company”) announced today its financial results for the first quarter 2026.

First Quarter 2026 Financial Highlights

The Company achieved net sales of $141.4 million, a 4.1% increase over the $135.7 million achieved in the corresponding period in 2025. Diluted earnings were $0.01 per share compared to $0.46 per share in the corresponding period in 2025. On an adjusted basis, diluted earnings for the first quarter of 2026 were $0.27 per share compared to $0.46 per share in the corresponding period in 2025. During the first quarter, the Company incurred incremental expenses associated with negotiating a Strategic Cooperation Agreement (“Agreement”) with Beretta Holding S.A. (“Beretta Holding”) and organizational changes implemented in February. Additionally, we recorded a one-time non-recurring expense of $1.7 million or $0.07 per share not included in the adjusted earnings per share.

As announced on May 4, 2026, Ruger and Beretta Holding executed the Agreement, which reflects a shared commitment to long-term value creation, constructive engagement, and stability for Ruger’s shareholders, employees, customers and industry partners. The Company incurred legal, professional and advisory fees and other expenses totaling approximately $3.2 million related to the Agreement negotiations and other related matters during the quarter. These expenses are largely non-recurring, limited in duration and do not, in the opinion of management, relate to the underlying performance of the core business. Additional Agreement-related expenses may be incurred in the near term.

Additionally, in February, the Company executed a reduction-in-force as part of broader efforts to structurally align the organization to strategic priorities and the future operating model. These actions are consistent with the changes outlined in the 2026 Plan and, more broadly, the Ruger 2030 framework. The moves improve efficiency, enhance accountability and position the Company for long-term profitable growth. The associated severance and related expense of $2.5 million were recognized in the quarter and are not, in the opinion of management, indicative of ongoing operations.

Taken together, these two discrete items reflect actions to ensure the Company’s independence and strengthen its operational foundation, both of which are in the best long-term interests of shareholders.

As previously disclosed, the Board of Directors declared a dividend of $0.11 per share for the first quarter for shareholders of record as of May 14, 2026, payable on May 29, 2026. This dividend equates to approximately 40% of adjusted net income of $0.27 per share for the first quarter of 2026.

“Our first quarter results reflect both the strength of our underlying business and the actions we have taken to position Ruger for the future,” said Todd Seyfert, President and Chief Executive Officer. “Building on our momentum in 2025, we continue to focus on innovation, have great demand across our offerings and see encouraging signs in the market. This quarter was our fourth consecutive quarter of year-over-year sales growth as we continue to outperform the market in top-line sales."

Additional Highlights

The estimated sell-through of the Company’s products from the independent distributors to retailers in Q1 2026 increased by 3.2% from Q1 2025, exceeding a 1.6% increase in adjusted NICS during the same period. Sales of new products, including the RXM pistol, Marlin 1894 lever-action rifles, American Centerfire Rifle Generation II, Glenfield rifles, Harrier rifles, and the Ruger Red Label III Shotgun, represented $51.6 million, or 41%, of firearm sales for the quarter. New product sales include only major new products that were introduced in the past two years. Compared to the first quarter of 2025, the Company’s finished goods inventories decreased 95,800 units while distributors’ inventories decreased 26,400 units, reflecting strong retail pull through of our new products. For Q1 2026, cash generated from operations totaled $18.8 million. As of March 28, 2026, Ruger’s cash and short-term investments totaled $105.2 million. The Company’s current ratio is 3.5 to 1 and there is no debt. In the first three months of 2026, capital expenditures totaled $4.8 million. The Company expects capital expenditures to total $30 million for the year for continued investments in new product introductions, expanded capacity for product lines in greatest demand, upgraded manufacturing capabilities and strengthened facility infrastructure. In the first 3 months, the Company returned $1.3 million to its shareholders through the payment of quarterly dividends. The Company did not repurchase any shares of its common stock during the period. "While we are extremely excited about our 2026 plan and approach, we remain focused on improving our overall cost structure and profitability,” Seyfert added. “The actions we took during the quarter – both in protecting the interests of shareholders and driving cost out of the organization – are already contributing to a more focused and efficient operating model. As these temporary expenses roll off, we expect improved visibility into the underlying earnings power of the business.”

Today, the Company filed its Quarterly Report on Form 10-Q for the first quarter of 2026. The financial statements included in this Quarterly Report on Form 10-Q are attached to this press release.

The Quarterly Report on Form 10-Q for the first quarter of 2026 is available on the SEC website at SEC.gov and the Ruger website at Ruger.com/corporate. Investors are urged to read the complete Quarterly Report on Form 10-Q to ensure that they have adequate information to make informed investment judgments.

Earnings Call Information

The Company will host a webcast at 4:30pm ET today to discuss the first quarter 2026 financial results. Participants may access the live webcast via this link or by visiting Ruger.com/corporate. Those who wish to ask questions during the webcast will need to pre-register prior to the meeting.

About Sturm, Ruger & Co., Inc.

Sturm, Ruger & Co., Inc. is one of the nation's leading manufacturers of rugged, reliable firearms for the commercial sporting market. With products made in America, Ruger offers consumers almost 800 variations of 40 product lines, across the Ruger, Marlin and Glenfield brands. For over 75 years, Ruger has been a model of corporate and community responsibility. Our motto, “Arms Makers for Responsible Citizens®,” echoes our commitment to these principles as we work hard to deliver quality and innovative firearms.

Forward-Looking Statements

The Company may, from time to time, make forward-looking statements and projections concerning future expectations. Such statements are based on current expectations and are subject to certain qualifying risks and uncertainties, such as market demand, sales levels of firearms, anticipated castings sales and earnings, the need for external financing for operations or capital expenditures, the results of pending litigation against the Company, the impact of future firearms control and environmental legislation, and accounting estimates, any one or more of which could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date such forward-looking statements are made or to reflect the occurrence of subsequent unanticipated events.

This press release includes certain non-GAAP financial measures, including Adjusted EBITDA and adjusted earnings per share. These measures are not prepared in accordance with U.S. generally accepted accounting principles (GAAP) and should not be considered in isolation or as a substitute for the most directly comparable GAAP measures. Reconciliations of each non-GAAP measure to the most directly comparable GAAP measure are included in the tables accompanying this release.

STURM, RUGER & COMPANY, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(Dollars in thousands)

March 28, 2026

December 31, 2025

Assets

Current Assets

Cash

$

23,748

$

18,451

Short-term investments

81,420

74,082

Trade receivables, net

72,920

64,510

Gross inventories

102,850

113,166

Less LIFO reserve

(67,886

)

(67,058

)

Less excess and obsolescence reserve

(2,715

)

(3,227

)

Net inventories

32,249

42,881

Prepaid expenses and other current assets

10,741

11,680

Total Current Assets

221,078

211,604

Property, plant and equipment

511,048

506,799

Less allowances for depreciation

(431,950

)

(426,702

)

Net property, plant and equipment

79,098

80,097

Deferred income taxes

19,128

19,720

Other assets

29,807

30,576

Total Assets

$

349,111

$

341,997

STURM, RUGER & COMPANY, INC.

    CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Continued)

(Dollars in thousands, except per share data)

  March 28, 2026

December 31, 2025

Liabilities and Stockholders’ Equity

Current Liabilities

Trade accounts payable and accrued expenses

$

38,314

$

34,122

Contract liabilities with customers

714

-

Product liability

942

964

Employee compensation and benefits

18,597

15,023

Workers’ compensation

4,614

4,638

Total Current Liabilities

63,181

54,747

Lease liabilities

1,056

1,158

Employee compensation

1,513

2,271

Product liability accrual

61

61

Contingent liabilities

-

-

Stockholders’ Equity

Common Stock, non-voting, par value $1:

Authorized shares 50,000; none issued

-

-

Common Stock, par value $1:

Authorized shares – 40,000,000

2026 – 24,494,291 issued,

15,948,066 outstanding

2025 – 24,490,478 issued,

15,944,253 outstanding

24,494

24,490

Additional paid-in capital

56,040

55,356

Retained earnings

420,897

422,045

Less: Treasury stock – at cost

2026 – 8,546,225 shares

2025 – 8,546,225 shares

(218,131

)

(218,131

)

Total Stockholders’ Equity

283,300

283,760

Total Liabilities and Stockholders’ Equity

$

349,111

$

341,997

STURM, RUGER & COMPANY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED)

(Dollars in thousands, except per share data)

  Three Months Ended

March 28, 2026

March 29, 2025

Net firearms sales

$

140,896

$

135,195

Net castings sales

460

543

Total net sales

141,356

135,738

Cost of products sold

113,278

105,843

Gross profit

28,078

29,895

Operating expenses:

Selling

9,356

9,413

General and administrative

20,671

12,010

Total operating expenses

30,027

21,423

Operating (loss) income

(1,949

)

8,472

Other income:

Interest income

801

1,038

Interest expense

(22

)

(16

)

Other income, net

1,096

253

Total other income, net

1,875

1,275

(Loss) income before income taxes

(74

)

9,747

Income taxes

(202

)

1,979

Net income and comprehensive income

$

128

$

7,768

Basic earnings per share

$

0.01

$

0.47

Diluted earnings per share

$

0.01

$

0.46

Weighted average number of common shares outstanding - Basic

15,945,349

16,623,214

Weighted average number of common shares outstanding - Diluted

16,247,380

16,850,956

Cash dividends per share

$

0.08

$

0.24

STURM, RUGER & COMPANY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(Dollars in thousands)

Three Months Ended

March 28, 2026

March 29, 2025

Operating Activities

Net income

$

128

$

7,768

Adjustments to reconcile net income to cash provided by operating activities:

Depreciation and amortization

6,008

5,571

Stock-based compensation

737

1,146

Excess and obsolescence inventory reserve

(512

)

40

Gain on disposal of assets

(1

)

-

Deferred income taxes

592

(1,576

)

Changes in operating assets and liabilities:

Trade receivables

(8,410

)

(343

)

Inventories

11,144

5,740

Trade accounts payable and accrued expenses

4,116

(2,281

)

Contract liabilities with customers

714

789

Employee compensation and benefits

2,816

(5,023

)

Product liability

(22

)

(58

)

Prepaid expenses, other assets and other liabilities

1,440

(628

)

Cash provided by operating activities

18,750

11,145

Investing Activities

Property, plant and equipment additions

(4,791

)

(1,124

)

Net proceeds from the sale of assets

1

-

Purchases of short-term investments

(11,375

)

(36,288

)

Proceeds from maturities of short-term investments

4,037

39,580

Cash (used for) provided by investing activities

(12,128

)

2,168

Financing Activities

Remittance of taxes withheld from employees related to

share-based compensation

Repurchase of common stock

(49

-

)

(178

(2,991

)

)

Dividends paid

(1,276

)

(3,992

)

Cash used for financing activities

(1,325

)

(7,161

)

Increase in cash and cash equivalents

5,297

6,152

Cash and cash equivalents at beginning of period

18,451

10,028

Cash and cash equivalents at end of period

$

23,748

$

16,180

Non-GAAP Financial Performance Measures

In an effort to provide investors with additional information regarding its financial results, the Company refers to various United States generally accepted accounting principles (“GAAP”) financial measures and two supplemental non-GAAP financial performance measures, Adjusted EBITDA, Adjusted EBITDA margin, and adjusted diluted earnings per share (Adjusted EPS), which management believes provides useful information to investors. These non-GAAP financial performance measures may not be comparable to similarly titled financial performance measures being disclosed by other companies. In addition, the Company believes that these non-GAAP financial performance measures have limitations as analytical tools, and, accordingly, should be considered in addition to, and not in lieu of, GAAP financial measures. The presentation of Adjusted EBITDA should not be construed to imply that the Company’s future results will not be affected by unusual or non-recurring items.

The Company believes that Adjusted EBITDA and Adjusted EBITDA margin are useful to understanding its operating results and the ongoing performance of its underlying business, as Adjusted EBITDA assists investors in comparing the Company’s performance across reporting periods on a consistent basis by excluding items that the Company does not believe are indicative of its operating performance. The Company believes that this reporting provides better transparency and comparability to its operating results. The Company uses both GAAP and non-GAAP financial measures to evaluate the Company’s financial performance.

The Company defines Adjusted EBITDA as earnings before interest, taxes, and depreciation and amortization (EBITDA), as further adjusted to eliminate the impact of certain items that the Company does not consider indicative of its ongoing operating performance, as itemized below. Specifically, the Company calculates Adjusted EBITDA by (i) adding the amount of interest expense, income tax expense, and depreciation and amortization expenses that have been deducted from net income back into net income, (ii) subtracting the amount of interest income that was included in net income from net income, (iii) subtracting income tax benefits, (iv) adding the amount of extraordinary cash and non-cash, non-operating expenses, and (v) subtracting non-recurring income or non-recurring gains that do not contribute directly to management’s evaluation of its operating results. The Company calculates Adjusted EBITDA margin by dividing Adjusted EBITDA by total net sales.

Adjusted EBITDA was $10.9 million for the three months ended March 28, 2026, a decrease of 23.9% from $14.3 million in the comparable prior year period.

The Company believes that Adjusted EPS is useful to understanding its operating results and the ongoing performance of its underlying business by identifying unusual and infrequent non-operating items that are not related to our ongoing operations and presenting our earnings independent of those items.

Non-GAAP Reconciliation – Adjusted EBITDA

Adjusted EBITDA

(Unaudited, dollars in thousands)

Three Months Ended

March 28, 2026

March 29, 2025

Net income

$

128

$

7,768

Income tax (benefit) expense

(202

)

1,979

Depreciation and amortization expense

6,008

5,571

Interest income

(801

)

(1,038

)

Interest expense

22

16

Stockholder rights costs (a)

3,200

-

Severance costs (b)

2,523

-

Adjusted EBITDA

$

10,878

$

14,296

Adjusted EBITDA margin

7.7

%

10.5

%

Net income margin

0.1

%

5.7

%

Costs incurred in engaging with Beretta Holding S.A. (“Beretta”) on, amongst other things, Beretta’s ownership of Company Common Stock, the Rights Plan, negotiations concerning potential strategic cooperation between the Company and Beretta, and in engaging a proxy solicitation firm and preparing a preliminary proxy statement associated with the 2026 Annual Meeting. Costs incurred associated with severance and related costs as part of an executed reduction-in-force as part of broader efforts to structurally align the organization to strategic priorities and the future operating model and are not indicative of ongoing operations. Non-GAAP Reconciliation – Adjusted EPS

Adjusted Diluted Earnings per Share

Adjusted diluted earnings per share is defined as (i) net income, adjusted to exclude items that may include, but are not limited to, significant charges or credits, and unusual and infrequent non-operating items that impact current results but are not related to our ongoing operations, such as M&A, integration and related costs, divided by (ii) the weighted average diluted common stock shares outstanding.

Three Months Ended

March 28, 2026

March 29, 2025

Diluted earnings per share

$0.01

$0.46

Stockholder rights costs

0.15

-

Severance costs

0.11

-

Adjusted diluted earnings per share

$0.27

$0.46

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