Sturm, Ruger & Company, Inc. · NYSE:RGR
Sturm, Ruger & — Q2 2009 Earnings Presentation
15 slides from Sturm, Ruger &'s earnings presentation, Jul 31, 2009
Slide 1: Sturm, Ruger & Co., Inc. Second Quarter 2009 Earnings Conference Call
STURM, RUGER & CO., ic. 24 Quarter 2009 Earnings Conference Call July 30, 2009 9:00 a.m. EDT zens RUGER
Slide 2: Caution — Forward Looking Statements
Caution — Forward Looking Statements Statements made in the course of this meeting that state the Company's or Management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. It is important to note that the Company's actual results could differ mat
Slide 3: Sturm, Ruger & Co., Inc. Second Quarter 2009 Earnings Conference Call
STURM, RUGER & CO., ic. 24 Quarter 2009 Earnings Conference Call July 30, 2009 9:00 a.m. EDT zens RUGER
Slide 4: Firearms unit data for orders, production, shipments and ending inventory
Firearms unit data for orders, production, shipments and ending inventory for the last six quarters are as follows: Qz Qi Qt Q3 Qz Qu Units Ordered 204,700 | 501,000 270,400 125,700 120,300 260,100 Units Produced 247,300 209,900 167,100 158,900 150,600 124,000 Units Shipped 246,200 213,700 208,100 1
Slide 5: Orders Received & Ending Backlog
Orders Received & Ending Backlog The gross value of orders received and ending backlog for the trailing five quarters are as follows (in millions except average sales price, including Federal Excise Tax): 2009 2008 Q Qi Qt Q3 Q Qu Orders Received $18] $1543 $86.1 $33.5 $37.0 $73.8 ‘Average Sales Pri
Slide 6: Our backlog dropped to 412,300 units as orders declined
Our backlog dropped to 412,300 units as orders received in the second quarter decreased by 59% from the first quarter of 2009. This decline in orders received reflects the following: A reduction in the industry-wide surge in demand that began in the fourth quarter of 2008, The large backlog at the e
Slide 7: U.S. Commercial Market (US $ Billion)
U.S. Commercial Market (us $ Billion) $25 $20 $15 s10 | $0.5 $0.0 g 3 8 + Long Guns a 8 z g + Handguns ARMS MAKERS FOR RESPONSIBLE ciTizeNst RUGER
Slide 8: June 2009 NICS Background Check Data
June 2009 NICS Background Check Data 2006 2007 2008 = 2009 ARMS MAKERS FOR RESPONSIBLE ciTIZENs* RUGERT
Slide 9: 2008-2009 CCW Permit Data by State
2008-2009 CCW Permit Data by State CCW Permit Issuance Increases by State State 08-09 NH 13% eT 21.8% ur 41.1% MI 11.1% a 182% co 815% st aK on 194.9% MN 134.6% A 18.5% on 159% ARMS MAKERS FOR RESPONSIBLE ciTIZENs* RUGERT
Slide 10: Sturm, Ruger & Co., Inc. Second Quarter 2009 Earnings Conference Call
STURM, RUGER & CO., ic. 24 Quarter 2009 Earnings Conference Call July 30, 2009 9:00 a.m. EDT zens RUGER
Slide 11: Inventories consist of the following (in thousands)
Inventories consist of the following (in thousands): July 4, 2009 December 31, 2008 Inventory at FIFO Finished Products $2,131 $2,790 Materials & Work in Progress 49,691 57,056 Gross Inventories 51,822 59,846 Less: LIFO Reserve (43,160) (44,338) Less: Excess & Obsolescence Reserve (2,597) (3,569) Ne
Slide 12: Three Months Ended
Three Months Ended July 4, 2009 June 28, 2008 Net Sales $72,390 100.0% $38,664 100.0% Cost of products sold, before LIFO, overhead and labor rate adjustments to 46,255 63.9% 30,803 79.7% inventory, product ability, and product recall LIFO (income) Expense (929) (1.39% 2,130 55% Overhead rate adjustm
Slide 13: Six Months Ended
Six Months Ended July 4, 2009 June 28, 2008 Net Sales $135,920 100.0% $81,170 100.0% Cost of products sold, before LIFO, overhead and labor rate adjustments to 88,979 65.5% 61,623 75.9% inventory, product liability, and product recall LIFO (income) Expense (4,178) (0.99% 2,227 2.7% Overhead rate adj
Slide 14: Stock Option Exercises
Stock Option Exercises @ ARMS MAKERS FOR RESPONSIBLE CITIZENS! RUGER
Slide 15: Caution — Forward Looking Statements
Caution — Forward Looking Statements Statements made in the course of this meeting that state the Company's or Management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. It is important to note that the Company's actual results could differ mat