RGR News & Events

Shares of Smith & Wesson Brands (SWBI) surged on Thursday after the company's Q4 results were better than an analyst expected. For the fourth quarter, adjusted EPS was 36c, above the 23c estimate, while sales of $178.39M surpassed the $155.27M estimate. President and CEO Mark Smith said: "Our excellent fourth quarter and full year fiscal 2026 results showcase our team's remarkable execution on our strategic priorities and the enduring power of our iconic brand. We delivered strong results across every dimension of our business - from revenue to profitability, and from cash flow to debt reduction. We outperformed our competitors in our core categories and achieved meaningful progress in segments that we hadn't historically competed in. The combined strength of our brand, our team, our disciplined strategic focus, and our strong balance sheet put us in an excellent position to continue creating long-term value for our stockholders." Following the earnings report, Lake Street raised the firm's price target on Smith & Wesson Brands to $16.50 from $14 and kept a Buy rating on the shares. The firm, which notes that management expects firearm industry demand in FY27 to remain healthy and guided to mid-single-digit revenue growth for the year, says the quarter "underscores the market share story we have been highlighting all year." In morning trading, shares of Smith & Wesson Brands are up 22.3% to $16.78. Meanwhile, shares of Academy Sports and Outdoors (ASO) are up 5.3% and Sturm Ruger & Company (RGR) are up 5%.

Reports Q1 revenue $141.4M, two estimates $137.26M. "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."

Sturm, Ruger & Company entered a Strategic Cooperation Agreement with Beretta Holding, the Company's largest shareholder. Under the terms of the Agreement, Ruger is expected to allow Beretta Holding to increase its investment to up to 25% of the Company's outstanding shares. The minimum partial tender offer price shall be $44.80 per share in cash - which represents a ~20% premium to the Company's 60-day volume-weighted average share price prior to Beretta Holding's tender offer announcement. Such tender offer has not yet commenced and will be subject to applicable regulatory approvals. In connection with this increased investment, Beretta Holding will have the right to nominate up to two independent directors following the 2026 Annual Meeting of Shareholders and regulatory approval. At that time, the Company will temporarily expand the Board. The nominees will be subject to Ruger's Nominating and Governance Committee process and qualification criteria. As part of the agreement, Beretta Holding has committed to a three-year standstill, during which it will not, among other things, initiate or support any proxy contest or similar action. Over that period, Beretta Holding will also vote its shares in alignment with the Ruger Board's recommendations on all matters. Additionally, Beretta Holding has withdrawn its director nominations for the 2026 Annual Meeting of Shareholders and only Ruger Board-recommended candidates will be up for election at the meeting.