Despite a marked slowdown in consumer demand after the election, RGR reported a solid final quarter in which net income increased 22% to $20,829,000 from $17,100,000 on a 6% revenue gain to $161,848,000 from $152,397,000. Gross margin bumped 140 basis points to 33.1%. For the full year, RGR net shot up 41% to $87,472,000 from $62,126,000 as sales increased 21% to $664,328,000 from $551,094,000 and gross margin for the year grew 180 b.p. at 33.0%. New products continued to drive revenues in 2016, representing 29% of firearms sales up from 21% in 2015.
Pre-election momentum which saw consumers buying up concealed ... Log in to view full article.