STURM Reports Second Quarter Financial Results for FY2023
August 23, 2023
🌥️Earnings Overview
For the second quarter of FY2023, ended June 30 2023, STURM ($NYSE:RGR) reported total revenue of USD 142.8 million, showing a 1.5% year-over-year increase. However, their reported net income decreased 22.1% from the same period last year, amounting to USD 16.2 million.
Share Price
STURM, a leading global technology company, reported its second quarter financial results for FY2023 on Wednesday. The company’s stock opened at $52.6 and closed at $52.3, a 1.1% decrease from the previous closing price of $52.9. The results further highlighted the resilience of STURM’s business model and its ability to adapt to changing market conditions. The company’s strong financial performance during the second quarter indicates that their strategy of investing in new products and services is paying off, while their focus on cost containment has resulted in improved gross margins.
Overall, STURM’s second quarter financial performance has been encouraging and demonstrates the company’s ability to maintain its growth trajectory despite challenging times. As the company continues to invest in its technology and expand its product portfolio, it is well-positioned to capitalize on future market opportunities and further strengthen its financial performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sturm. STURM_Reports_Second_Quarter_Financial_Results_for_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 580.87 | 67.88 | 11.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sturm. STURM_Reports_Second_Quarter_Financial_Results_for_FY2023″>More…
| Operations | Investing | Financing |
| 66.67 | 20.6 | -119.35 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sturm. STURM_Reports_Second_Quarter_Financial_Results_for_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 396.9 | 63.72 | 18.8 |
Key Ratios Snapshot
Some of the financial key ratios for Sturm are shown below. STURM_Reports_Second_Quarter_Financial_Results_for_FY2023″>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% |
Analysis
GoodWhale recently conducted an analysis of STURM‘s wellbeing by utilizing our Star Chart, which classifies companies as ‘cows’ – companies that pay out consistent and sustainable dividends over time. We concluded that STURM possesses the necessary qualities to be classified as a ‘cow’, making it an attractive option for income-seeking investors. We also found that STURM is strong in terms of asset, dividend, and profitability, but weak when it comes to growth. Despite this, our health score for STURM was an impressive 10/10, meaning that the company is in a position to cover its debt and fund future operations. More…
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 are closely monitoring STURM‘s second quarter of FY2023 financial results, which show total revenue increasing 1.5% year-over-year to USD 142.8 million. However, reported net income decreased 22.1% from the same period last year, to USD 16.2 million. While this is a significant decrease in net income, investors will still be looking for signs of improvement in the next quarter. In the meantime, analysts are cautious about STURM’s near-term prospects amidst a challenging economic environment.
Related Posts
Recent Posts
