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Sturm Ruger & Co's sales hit $148 million last quarter, up 17% from last year.

ResultsRead the original at Benzinga
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Sturm Ruger & Co's sales rose 17%, and adjusted EBITDA increased to $14 million from $3 million. Its $101 million in cash and no debt add support, despite planned capital spending of about $30 million this year.

RGR · Sturm Ruger & Co

AI read · Good for RGR

The AI's read

Higher sales and a larger profit measure show that the company sold more and kept more from those sales. Its cash and lack of debt give it room to fund factory upgrades and new products. The planned $30 million in spending uses cash, but the company reported $101 million on hand and no debt.

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