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Article Date: April 2017
Word Count: 191

Remington Has Profit Against Loss on Lower Spending

The Cerberus entity had net income of $18.9 million compared to a loss of $135.2 million for the FY ended Dec. 31 on a 7% sales improvement to $865.1 million from $808.9 million. Last year’s results included higher spending on restructuring ($15.1 mm), compensation ($12.6 mm) product liability ($10.0 mm), marketing ($7.6 mm), legal ($6.2 mm), professional fees ($3.7 mm) and T&E ($2.8 mm).


Remington firearms sales jumped 17% in the year to $437.8 million from $375.2 million, led by a $34.2 million improvement in MSR sales and a $14.0 million gain in handgun sales. Ammo ... Log in to view full article.


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