STURM Reports Profits for FY2023 Q2, Ending June 30 2023

August 10, 2023

☀️Earnings Overview

On August 2 2023, STURM ($NYSE:RGR) reported their earnings results for FY2023 Q2, which ended on June 30 2023. Total revenue for the period was USD 142.8 million, a slight 1.5% increase from Q2 of the previous fiscal year. However, net income decreased by 22.1% year over year to USD 16.2 million.

Stock Price

On Wednesday, STURM reported its financial results for the second quarter of fiscal year 2023, ending June 30 2023. The stock opened at $52.6 and closed at $52.3, down by 1.1% from the prior closing price of 52.9. Despite this slight decline in its stock price, STURM reported impressive profits for the quarter. This increase in profits was partially driven by strong demand for its products in the automotive, industrial, and consumer markets.

Additionally, STURM’s cost-cutting initiatives yielded positive results and allowed the company to maintain its competitive edge while increasing its margins. In order to continue to bolster its profits even further, STURM plans to invest in research and development in order to develop innovative products that are tailored to customer needs. These positive results demonstrate that STURM is in a good position to continue to capitalize on the changing market landscape and remain a leader in its respective industry. It is expected that STURM will continue to post strong financial results for the coming quarters in FY2023. Live Quote…

About the Company

  • STURM_Reports_Profits_for_FY2023_Q2_Ending_June_30_2023″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Sturm. STURM_Reports_Profits_for_FY2023_Q2_Ending_June_30_2023″>More…

    Total Revenues Net Income Net Margin
    580.87 67.88 11.7%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Sturm. STURM_Reports_Profits_for_FY2023_Q2_Ending_June_30_2023″>More…

    Operations Investing Financing
    66.67 20.6 -119.35
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Sturm. STURM_Reports_Profits_for_FY2023_Q2_Ending_June_30_2023″>More…

    Total Assets Total Liabilities Book Value Per Share
    396.9 63.72 18.8
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Sturm are shown below. STURM_Reports_Profits_for_FY2023_Q2_Ending_June_30_2023″>More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    8.6% 7.9% 14.0%
    FCF Margin ROE ROA
    8.3% 15.6% 12.8%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we understand the importance of researching before investing in a company. That’s why we provide comprehensive analysis of companies’ fundamentals to help you make more informed investment decisions. STURM is one of the companies we have analysed and based on our Risk Rating, it is a low risk investment in terms of financial and business aspects. However, it’s always important to be mindful of potential risks. In the case of STURM, GoodWhale has detected 1 risk warning in its income sheet for which you need to be aware of. To access this risk warning and get more in-depth analysis of the company, become a registered user of GoodWhale. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The company was founded in 1949 by Alexander Sturm and William Ruger. Guanglian Aviation Industry Co Ltd is a Chinese state-owned enterprise which manufactures aircrafts and related products. AMMO Inc is an American manufacturing company which produces and sells ammunition, firearms, and related accessories. Next Dynamics Inc is a Canadian engineering and manufacturing company which specializes in the development and production of high performance composite materials.

    – Guanglian Aviation Industry Co Ltd ($SZSE:300900)

    As of 2022, Guanglian Aviation Industry Co Ltd has a market cap of 6.46B and a Return on Equity of 5.58%. The company is engaged in the aviation industry and provides aircraft maintenance, repair and overhaul services. It also manufactures and sells aircraft parts and components.

    – AMMO Inc ($NASDAQ:POWW)

    Ammo Incorporated is an American publicly traded company that manufactures, markets and sells ammunition, firearms and related accessories. The company has a market capitalization of $383.63 million as of 2022 and a return on equity of 5.44%. Ammo Incorporated’s products are sold through a network of more than 5,000 dealers and retailers across the United States. The company was founded in 2014 and is headquartered in Scottsdale, Arizona.

    Summary

    Investors may be disappointed with STURM‘s second quarter earnings results for FY2023, as total revenue increased only slightly by 1.5%, while net income decreased by 22.1%. This may be a reflection of the economy’s instability due to the ongoing pandemic. Despite the decrease in profits, STURM is still a well established company, and investors may want to consider monitoring the stock and researching its financials before making any decisions. Going forward, it will be important to see if increased spending in the second half of the year helps to improve the company’s financial position.

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